In June 2007, Michael Farmer, co- founder of hedge fund Red Kite Metals, hosted a lunch for fellow members of the London Metal Exchange. The topic wasn't the latest movements in the metals markets. Instead, he invited a theologian to speak on Christianity and gave a testimonial himself.
Farmer, 63, a ``born-again'' Christian, has been mixing business and religion for years. It's done nothing to diminish his success. A metals trader since the age of 19, Farmer helped turn London-based MG Plc into the world's biggest copper trader during the 10 years he ran it. In 2000, Enron Corp. bought the company for half a billion dollars.
In 2005, Farmer founded RK Capital Management LLC, whose main fund is Red Kite Metals, and he quickly made Red Kite the world's biggest industrial-metals hedge fund. Red Kite Metals returned 188 percent in 2006, gaining from what Farmer calls the greatest bull market in commodities in modern times. - Partial reprint from Bloomberg article by Chanyaporn Chanjaroen
Tuesday, March 25, 2008
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