The History of a Scandal: Metallgesellschaft Revisited with Kevin O’Reilly

The History of a Scandal: Metallgesellschaft Revisited with Kevin O’Reilly

In 1993, Metallgesellschaft, the German Global Industrial conglomerate lost $1.3bln in oil derivatives trading through its US subsidiary MGRM. The details leading up to their implosion and the subsequent actions taken by their CEO, trading counterparties and their lending banks have been hotly debated by academia, business school students and their contemporaries in the markets ever since. In this episode, as we approach the 30th anniversary of one of the largest and most famous financial calamities in the oil trading markets, we review the key moments and, uniquely, draw on viewpoints from industry veterans present at the time: What really happened and why? What did the academics miss and what, if anything, has been quietly hushed? What lessons were learned, if any? Joining us is Kevin O’Reilly, commodities investment banker and commodity markets theorist.

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Systemic Risk & Commodities with Craig Pirrong

Systemic Risk & Commodities with Craig Pirrong

Do the commodity markets pose a systemic risk to the global financial markets and beyond? A timely look at the risks inherent in the commodity markets and capacity of exchanges, clearing houses, trade...

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Navigating the New Normal in Commodities with Sebastian Barrack, Ben Sutton, Matthew Rosetti and Summer Mersinger

Navigating the New Normal in Commodities with Sebastian Barrack, Ben Sutton, Matthew Rosetti and Summer Mersinger

High prices, high volatility, geopolitics risk, liquidity constraints and navigating the energy transition. These are just some of the challenges facing the commodity trading sector that the panelists...

6 Heinä 20221h 4min

Renewable Energy, Crypto and Flexible Load with John Belizaire

Renewable Energy, Crypto and Flexible Load with John Belizaire

Renewable Energy faces the twin challenges of intermittency and spilled power, both of which drag on adoption and financing. If countries are to meet their climate goals, renewable energy generation n...

29 Kesä 202249min

Algorithmic trading and Commodities with Stephen Roseme

Algorithmic trading and Commodities with Stephen Roseme

Institutional firms have been utilizing algorithms to trade commodities for years and the adoption of this approach appears to be accelerating.  The scale is such that even the markets themselves may ...

22 Kesä 202249min

The Funding Gap in Commodities with Nick O’Kane

The Funding Gap in Commodities with Nick O’Kane

Investment capital flows into the commodities sector have slowed despite rising returns and opportunity. Volatility, geopolitical risk and uncertainty over energy transition have impacted the rate of ...

15 Kesä 202244min

The World’s Most Important Bean with Ivo Sarjanovic

The World’s Most Important Bean with Ivo Sarjanovic

Soybeans have become one of the world’s most important commodities. They feed us, our livestock and fuel our cars. As such they have become central in geopolitics, world trade and food security. Howev...

8 Kesä 202244min

Sanctions, Political Risk and the Commodities Sector with George Voloshin

Sanctions, Political Risk and the Commodities Sector with George Voloshin

Geopolitical risk is back. Gone are the years of expanding free trade and liberalization of markets. Sanctions on Russia, great power rivalry and market interventions are all disrupting energy & commo...

1 Kesä 202248min

The Financialization of Oil Markets & The Madness of Crowds with Greg Newman

The Financialization of Oil Markets & The Madness of Crowds with Greg Newman

Over the last decade, commodity markets have become increasingly financialized with much more granular contracts, and therefore hedges, available on exchanges. Oil is the tip of the spear. This is pro...

25 Touko 202254min

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