June 22, 2020
Steven Zoernack is a former NY Asset Manager and a dedicated and passionate entrepreneur who has previously launched 3 NY investment funds and a commercial real estate finance company.
Steve’s primary interests now include ownership, development and management of income producing commercial and multifamily real estate nationwide.
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March 14, 2013
Investment banker Steven Zoernack has managed assets in many sectors of the financial industry and developed strategies for both large institutions and his own entrepreneurial endeavors. During the mid 1980s, Steven Zoernack served at Refco, Inc., where he was an Institutional Accounts Manager at a company with a reputation as the largest commodities firm at the time.
Commodities come into play in our lives every day. They constitute a wide range of consumer products, and investment portfolios often provide them as a trading option. Commodities can be traded as futures or in real time. If commodities are traded in futures, those who trade them contract to buy a certain commodity and/or sell it at an agreed-upon price in the future. Commodities offer exciting, if volatile, opportunities for investment professionals. The media typically pays particular attention to commodities, reporting the prices of many each day, including gold, oil, soy, and corn.
Corn, a typical commodity
A variety of commodity funds exists. Some have direct commodity holdings; for example, a platinum fund that actually owns the precious metal. These are called true commodity funds. Natural resource funds invest in the businesses that engage in the production of the commodities, such as mining, farming, energy, and oil-drilling companies. Commodity funds that hold futures are common, allowing investors to purchase futures instead of taking delivery of the actual commodities. Combination funds blend actual commodities and futures. A platinum fund that includes both actual platinum and platinum futures contracts is an example of a combination fund.
Investment strategies for commodities include passive and active management. Passive management aims to match a specific standard of performance, while active management strives to outperform that mark.
As with all investment strategies, commodity funds present pros and cons. They add diversity to a portfolio, and they follow the supply-and-demand law, making them profitable when demand rises. In addition, commodities offer investors some protection against inflation. However, commodities can go through highs and lows in short periods of time and be subject to long periods of stagnation. Commodities make up a complex market that requires more research than the usual stock or bond investment. Investors often utilize commodities as a small percentage of an overall portfolio’s holdings.
Steven Zoernack 