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Freepoint Commodities has hired a team of traders/analysts from Cargill Inc.’s hedge fund arm, Black River Asset Management, which is being spun out of the parent company.
The team, led by David “Morse” Leavenworth, who joins as senior v.p. of global petroleum products trading, are based in a newly opened Freepoint office in Minneapolis.
The other team members are Attila Konkoly and Cary Robinson, analysts at Black River, who join as vice presidents.
Black River, which was formed in 2003, will be spun off into three employee-owned funds.