Trafigura Group derivatives trader Tristan Almada has left to set up an eponymous commodities-focused hedge fund, according to corporate filings and people familiar with the matter.
Almada Capital’s investment manager will be based in Geneva, according to a person familiar with the launch, who asked not to be identified as the matter is private. Almada had been trading commodity derivatives at Trafigura for four years and was previously a portfolio manager at Andurand Capital Management, Moore Capital Management and Clive Capital.