Methodology

How the desk works.

Calibrate.

We start with your mandate. Commodity exposure, adjacent private market positions, check sizes, risk posture, and the book you already hold. The desk is tuned to your decisions, not a generic universe.

Source and frame.

We work the question on your desk this week. Commodity cycle, supply and demand, managers, funds, and direct deals across energy, metals, and agriculture. Then we frame what would change the answer and what would not.

Pressure test.

Thesis, risks, terms. We write a clear stance and the conditions that would make us change our mind. The memo travels with you into the IC.