For financial professionals in Uruguay

Andrew Kaleel

Portfolio Manager

Andrew Kaleel is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2018. He joined Henderson in 2013 as part of the acquisition of H3 Global Advisors, where he was co-head of global commodities and managed futures. In 1994, Andrew established H3 Global Advisors, launching systematic managed futures and commodity programmes. While there, he managed mandates and proprietary capital on behalf of multiple domestic and international banks, family offices, fund of funds, and pension fund clients. Prior to H3 Global Advisors, Andrew was with State Super Investment Management, where he oversaw equities execution, currency overlay, and cash management of the international equity portfolios. Before that, he worked for Banque Nationale de Paris managing custodial relationships, analytics, and broker execution. Earlier in his career, he was with State Street Australia Ltd.

Andrew earned a GCert degree in finance from Griffith University in Australia, and was awarded the Griffith Award for Academic Excellence. He was named the S&P Emerging Manager of the Year in 2008 and has 32 years of financial industry experience.

Articles Written

You got a trend in me: ‘Recessionary Alpha’
Features & Outlooks

You got a trend in me: ‘Recessionary Alpha’

Portfolio Managers Mathew Kaleel, Andrew Kaleel and Maya Perone look at the returns profile for trend following strategies during recessionary environments.

Keep calm and (commodity) carry on

Keep calm and (commodity) carry on

Volatility and noise in financial markets increased markedly in the first quarter of 2022. Can investors find a useful signal in commodity markets that can shed some light in a somewhat uncertain world?

‘Gradually then suddenly’ – or how to fall in love with trend following

‘Gradually then suddenly’ – or how to fall in love with trend following

Just how important is patience for trend following investors? Portfolio managers Mathew Kaleel, Andrew Kaleel and Maya Perone consider the implications of the ‘gradually then suddenly’ phenomenon.

Commodities – super cycle or just good sense?

Commodities – super cycle or just good sense?

With multiple structural tailwinds and the risk of inflation making headlines, can commodities offer viable diversification for a modern portfolio?

Rising interest rates, inflationary regimes and CTA returns
Features & Outlooks

Rising interest rates, inflationary regimes and CTA returns

Diversified alternatives portfolio managers Andrew Kaleel, Mathew Kaleel and Maya Perone discuss the impact of rising rates on traditional asset classes and trend-following strategies.

Commodity indices: The carbon offsetting evolution

Commodity indices: The carbon offsetting evolution

How investors can utilise carbon futures, both as an active tool to help mitigate carbon emissions and as a potential additional source of returns.