Sat, Jul 26, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag