CoreCommodity Management

What CoreCommodity Management does

CoreCommodity Management, LLC is a privately held, SEC-registered investment adviser headquartered in Stamford, Connecticut that specializes exclusively in commodity investment programs for institutional clients. Founded in 2003 as the commodity asset management group at Jefferies and spun off as an independent firm in 2013, the company manages approximately $7.4 billion in assets as of December 31, 2024 and operates with 11-50 employees. Co-founders Bradford L. Klein (formerly Head of Global Foreign Exchange and Commodities at AIG Trading Group) and Adam De Chiara (a former Goldman Sachs commodity index trader who designed and launched the Dow Jones-AIG Commodity Index, now the Bloomberg Commodity Index) lead the firm alongside Managing Director Robert B. Hyman.

The firm offers a suite of seven institutional programs spanning long-only yield management strategies (Diversified I, Diversified II, and High Energy), tactical and dynamic weighting strategies that overlay proprietary fundamental-scarcity signals (Founders I and Founders II), a quantitatively-informed global natural resource equity strategy (Founders Equity), and a multi-strategy absolute return program targeting 10% annualized returns via directional, relative-value, and commodity-equity alpha sources (Founders Absolute Return). CoreCommodity also co-manages the FTSE/CoreCommodity CRB Index — a heritage commodity benchmark tracing back to 1957 and described as the most widely recognized measure of global commodities markets — under a strategic relationship with FTSE Russell. Individual-investor access is delivered through two registered investment company (40 Act) mutual funds: the ALPS/CoreCommodity Management CompleteCommodities Strategy Fund, distributed by ALPS Portfolio Solutions Distributor, and the Goldman Sachs Commodity Strategy Fund, sub-advised by CoreCommodity and distributed by Goldman, Sachs & Co.

CoreCommodity generates revenue as a subscription/recurring investment advisory model, charging management fees on assets under management across its institutional mandates and retained sub-advisory fees on the two mutual funds. The firm is registered with the SEC as an investment adviser and with the CFTC as a Commodity Trading Advisor and Commodity Pool Operator, and is a member of the National Futures Association. Distribution is a hybrid model: direct institutional field sales to sovereign wealth funds, public and corporate pensions, endowments, and foundations, supplemented by the two wholesale channel partners for retail and smaller institutional reach. The firm maintains a wholly-owned Cayman Islands subsidiary to facilitate commodity futures-linked investments within its registered funds, and operates without a disclosed parent company, outside ownership, or venture/private equity investment.

Name

CoreCommodity Management

Legal name

CoreCommodity Management, LLC

Website

https://corecommodityllc.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

CoreCommodity Management is an SEC-registered commodity investment adviser managing ~$7.4B in long-only and absolute-return commodity programs for sovereign wealth funds, pensions, endowments, and foundations, with retail access via ALPS and Goldman Sachs sub-advised mutual funds.

Ownership category

akta.pro rank

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Investment Advisory Fees: CoreCommodity Management generates revenue as an SEC-registered investment advisor through management fees charged on assets under management across its institutional commodity investment programs and mutual fund sub-advisory arrangements.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

CoreCommodity Management is an SEC-registered investment adviser that runs discretionary commodity investment programs for institutional clients (long-only yield management, tactical weighting, natural resource equity, and absolute-return strategies), manages the FTSE/CoreCommodity CRB Index, and serves as sub-adviser on two '40 Act mutual funds (ALPS/CoreCommodity CompleteCommodities Strategy Fund and the Goldman Sachs Commodity Strategy Fund). Revenue is generated primarily through investment advisory and sub-advisory management fees on approximately $7.4 billion in assets under management as of December 31, 2024.

Product overview

CoreCommodity Management is an independent investment advisor offering a suite of commodity investment programs including institutional programs (Diversified I, II, High Energy, Founders I, II, Equity, and Absolute Return) and mutual fund products for individual investors (ALPS/CoreCommodity CompleteCommodities Fund and Goldman Sachs Commodity Strategy Fund). The firm also manages the FTSE/CoreCommodity CRB Index. Programs feature discretionary, active strategies including long-only yield management, tactical weighting strategies, and natural resource equity investing. The Founders Absolute Return Program targets 10% annualized returns through uncorrelated alpha-generating strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Diversified I Program Long-only yield management strategy designed to outperform the Bloomberg Commodity Index using forward futures contract selection, discretionary timing of execution, active trading, and risk monitoring; targeted at institutional commodity allocators.
• Diversified II Program Long-only yield management strategy designed to outperform the Thomson Reuters/CoreCommodity CRB Index using the same forward futures contract selection, discretionary timing, active trading, and risk-monitoring techniques as Diversified I; for institutional commodity allocators.
• High Energy Program Long-only yield management strategy designed to outperform the S&P GSCI through commodity yield enhancement techniques; for institutional clients seeking energy-weighted commodity exposure.
• Founders I Program Combines the yield management techniques of Diversified I with a proprietary tactical and dynamic weighting strategy that adjusts constituent commodity weightings based on fundamental scarcity characteristics such as upward trending price behavior and favorable forward term structures.
• Founders II Program Builds on Founders I by adding calculated exposure to natural resource equities to access commodities that lack liquid futures contracts, seeking additional returns and broader diversification for institutional investors.
• Founders Equity Program Seeks global diversified commodity exposure and capital appreciation by investing in publicly traded natural resource companies engaged in commodity production, using a quantitatively-informed strategy with integrated risk management and top-down/bottom-up analysis.
• Founders Absolute Return Program Seeks to generate 10% annualized returns through a liquid diversified portfolio of alpha-generating strategies, including directional commodity exposure, inter-commodity relative value, intra-commodity relative value, and commodity equities.
• FTSE/CoreCommodity CRB Index A world-renowned commodities benchmark with history dating to 1957, designed to provide a transparent and disciplined representation of a long-only, broadly diversified investment in commodities; co-managed with FTSE Russell and distributed via FTSE Russell's website.
• ALPS/CoreCommodity Management CompleteCommodities Strategy Fund '40 Act registered investment company mutual fund seeking to maximize real returns through strategic allocation within global commodities markets, including commodity equities, commodity futures, and US Treasury Inflation Protected Securities (TIPS); distributed by ALPS Portfolio Solutions Distributor, Inc. and previously known as the Jefferies Asset Management Commodity Strategy Allocation Fund (until April 30, 2013).
• Goldman Sachs Commodity Strategy Fund '40 Act mutual fund sub-advised by CoreCommodity Management and distributed by Goldman, Sachs & Co. LLC, providing individual and institutional investors access to CoreCommodity's commodity strategy through Goldman Sachs Asset Management.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ALPS Portfolio Solutions DistributorcoreChannel Partner/ Reseller/ Distributor · 30 April 2013ALPS Portfolio Solutions Distributor, Inc. distributes the ALPS/CoreCommodity Management CompleteCommodities Strategy Fund, a registered investment company providing individual investors access to CoreCommodity's commodity investment strategies. Prior to April 30, 2013, this fund was known as the Jefferies Asset Management Commodity Strategy Allocation Fund.
• Goldman Sachs Asset ManagementcoreChannel Partner/ Reseller/ DistributorGoldman Sachs Commodity Strategy Fund is sub-advised by CoreCommodity Management and distributed by Goldman, Sachs & Co. LLC, providing another channel for investors to access CoreCommodity's commodity investment strategies.
• FTSE RussellcoreStrategic or Co-development PartnerCoreCommodity Management maintains a strategic relationship with FTSE Russell related to the FTSE/CoreCommodity CRB Index, a world-renowned commodity index managed jointly and serving as a leading benchmark for commodities as an asset class. The index history dates back to 1957.
• Bloomberg L.P.minorStrategic or Co-development PartnerBloomberg L.P. is associated with the Bloomberg Commodity Index (formerly Dow Jones-AIG Commodity Index), which CoreCommodity's founders helped design and launch. Bloomberg holds the service marks for the Bloomberg Commodity Index family.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Market position

Strengths3 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoreCommodity Management