Sat, Jan 31, 2015
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: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would