“A year ago we were popping champagne corks. Today we’re in hangover mode, and we’re a lot more sober about our sector,” said Andrew De Pass, managing director and head of sustainable developments investments for Citi Alternatives Investments.
De Pass admitted that many in the industry “had got burned” by the sharp rise in corn prices which many institutions failed to account for. A year ago, corn traded at around $2/bushel but is now hovering near $4/bushel.
“The large increases in ethanol
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Quantile, TriOptima face off in cleared swaps compression battle
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data