Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Sun Mountain Capital takes equity stake in ETP firm (exchange traded products) Teucrium Trading LLC

Monday, June 27, 2011

Sal Gilbertie
Opalesque Industry Update Teucrium Trading LLC, which has entered the ETP space with next-generation single-commodity ETPs announced on Monday that venture capital and private equity firm Sun Mountain had made an investment into the Santa Fe firm. Teucrium launched one year ago in June 2010 with the CORN ETP and $5m in AUM (See past coverage here). The firm has since risen to $131m in assets across its three products traded on the NYSE ARCA: CORN Fund, NAGS Fund (natural gas) and CRUD Fund.

With Sun Mountain Capitals purchase of a minority equity interest in Teucrium, Teucrium has acquired a strategic partner and enhanced its ability to bring more ETP products to the market, more quickly, and more effectively, Sal Gilbertie, President and founder of Teucrium Trading, LLC, told Opalesque. The firm expects to have three additional funds approved and listed by the end of this summer, SOYB (soybeans), CANE (sugar) and WEAT (wheat).

We are very excited by this investment in Teucrium and see it not only as an endorsement of our business model, but also a reflection of surging interest in next-generation commodity ETPs. said Gilbertie. The firms single commodity focus, and ETP structure is focused on making futures trading more accessible to pension funds, hedge funds, institutional and individual investors who seek to increase their commodities exposures.

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo