Sectoral expertise
Energy
CONVENTIONAL & TRANSITION- Structural underinvestment in upstream capacity creating medium-term supply constraints
- Energy transition creating asymmetric opportunities in both legacy and emerging energy assets
- Geopolitical realignment of energy trade flows generating regional pricing dislocations
- Selective exposure across oil & gas equities, LNG infrastructure, and renewable energy credits
Emerging Metals
CRITICAL MINERALS & BATTERY METALS- Accelerating demand for lithium, cobalt, nickel, and rare earth elements driven by electrification
- Concentrated supply chains creating vulnerability premiums and strategic stockpiling dynamics
- Junior mining equities and royalty structures offering leveraged exposure to commodity cycles
- Debt instruments in mid-tier producers providing yield with commodity price optionality
Navigating complexity
The current macroeconomic environment presents a confluence of structural shifts — from the ongoing energy transition and supply chain realignment to monetary policy normalisation and geopolitical fragmentation. These dynamics create both volatility and opportunity across our focus sectors.
In energy markets, we observe a persistent tension between decarbonisation ambitions and the physical reality of energy demand growth, particularly in emerging economies. This creates pricing dislocations that our desk is positioned to capture through both long and short exposure across the capital structure.
In emerging metals, the electrification imperative has fundamentally altered the demand trajectory for critical minerals. We maintain a research-intensive approach to identifying mispriced assets across the mining value chain, from exploration-stage equities to investment-grade producer debt.
Explore opportunities
For institutional enquiries regarding our trading strategies and market perspectives.