Exchange-traded product provider USCF has promoted Andrew Ngim, principal and portfolio manager, to chief operations officer and Kevin Baum, portfolio manager, to chief investment officer.
"Andy and Kevin have all of my confidence. Both have made significant contributions to USCF, each demonstrating a commitment to systems improvement, product advancement, and more," says John Love, president and chief executive officer, USCF. "They both have a strong vision that will help USCF meet the needs of our investors and navigate an increasingly complex environment as we expand geographically and into new segments. Their leadership and vision will help ensure USCF achieves our goals and serve more investors around the world."
Ngim co-founded USCF in 2005 and has worked as portfolio manager for the United States Commodity Index Fund (USCI), the United States Copper Index Fund (CPER), the United States Agriculture Index Fund (USAG) and the Stock Split Index Fund (TOFR).
Prior to the creation of USCF, Ngim co-founded the Ameristock Corporation where he was co-portfolio manager of the Ameristock Mutual Fund.
Baum joined USCF as a portfolio manager earlier this year and brings over 20 years of experience as a senior commodities manager to USCF. Prior to joining USCF, he was senior portfolio manager of alternatives and commodities for Invesco PowerShares. Baum was part of the Oppenheimer Funds team responsible for launching the first commodities mutual fund and subsequently, the incorporation of the first off-shore Cayman subsidiary for a commodities fund.