Fri, Feb 12, 2016
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   |   
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise