Mon, May 2, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n