Carlyle Group LP and star trader Louis Bacon have agreed to acquire a controlling stake in commodities trading firm Traxys Group in a move that highlights the growing allure of commodities middlemen as banks exit the business.
Bacon rose to prominence with savvy trades in global currencies, commodities and other markets based on anticipating big picture, or “macro,” shifts.
That’s leaving a void to be filled by a firm like Traxys, as well as larger rivals like Glencore Xstrata PLC and Noble Group Ltd.
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