Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lumix launches AgroDirect Fund to outside investors

Tuesday, September 29, 2009

From the Opalesque team:

Opalesque recently learned that Switzerland-based Lumix Capital Management, after incubating its latest fund, the Lumix AgroDirect Fund, recently launched it to outside investors. The fund is focused on investing in agricultural production in Latin America and the team is looking to bring assets under management up to $100m.

The AgroDirect Fund outsources production of soybeans, wheat, corn and other soft commodities to local agricultural operating partners in emerging market areas. Crops are sold in the open market and money is redeployed. Although a large portion of the fund (40-100%) will be invested directly in agricultural commodities, the portfolio team also invests in commodity trade finance opportunities and agro public securities (equities, bonds, ETFs). Hedging and forward selling are used to manage price volatility in the commodities and insurances and crop diversification are used to manage weather risk.

The current portfolio (which is built around the harvest season ending June 2010) is invested in soft commodities and commodity trade finance in the countries of Uruguay, Argentina, Brazil and Paraguay.

The fund will target returns of 15% and will charge a 2% management fee and 20% performance fee. The investment structure is offshore, open-ended fund, with annual liquidity (at the close of every harvest season).

Today’s Opalesque Comm......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less