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Ex-soldier shakes up world of commodity trading

Published Sun, Jul 19, 2015 · 09:50 PM

Washington

A former US special-operations soldier turned math wonk is shaking up the world of commodity trading.

Since leading a management takeover at Castleton Commodities International almost three years ago, chief executive officer William Reed has been on a buying spree backed by hedge funds and billionaires. Two months after acquiring Morgan Stanley's oil business, Mr Reed has made Castleton among the world's biggest independent energy traders.

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Companies & Markets

Ex-soldier shakes up world of commodity trading

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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