Philippe van den Abeele’s freight hedge funds have seen the recent surge in physical rates turbocharge its profitability.
Consortium Maritime Trading generated a 9.9% return for shareholders in July and a 4.4% return in August, lifting its overall return for the first eight months to 37%.
Van den Abeele, who is a pioneer of the freight futures market and was a head of Clarksons Securities for 11 years, said that Consortium Maritime is now managing $5m and was looking for an additional $15m to $20m from investors.
