Mon, May 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Insparo appoints commodity specialist for planned global food fund

Tuesday, January 29, 2013
Opalesque Industry Update - Insparo Asset Management has appointed commodity specialist Lucas Wurfbain to oversee a new global Food Fund, expected to be launched later this year.

Lucas brings with him a wealth of experience in the commodity space, having worked at Fortress Investment Group, Rubicon Fund Management and Global Asset Management (GAM). Lucas has worked both in London and in Asia and has travelled extensively throughout his career.

Lucas joins Insparo’s six-strong investment team, led by CIO Mohammed Hanif, which manages the firm’s highly successful frontier market products. The firm’s existing funds, the Insparo Africa Equity Fund (IAEF)and the firm’s flagship Insparo Africa and Middle East Fund (IAMEF) have performed exceptionally since their launch.

The IAMEF has returned over 49% with low volatility since launch in 2008. Meanwhile, the IAEF returned 23% in 2012 and is now +10% since launch two years ago. Performance for both puts them firmly at the forefront of their peer group.

Insparo will apply the firm’s successful investment approach to the global food market, aided by Lucas’ expert knowledge of the commodities industry. With the spotlight firmly on rising food prices and rapidly shrinking global food resources, Insparo believe the new fund will be ideally placed to capitalise on the growing dislocations in the market when it launches later in the year.

With the firm currently seeding an EM local markets fund, also expected to be launched shortly, 2013 looks set to be a highly eventful year for Insparo.

Lucas started his career as an investment analyst at GAM focussing on global equities. He then joined the commodities team at Rubicon Fund Management in London. Here the team instituted a commodity supply chain methodology, using both equities and commodities futures, to express their investment views. The team then moved to Fortress, launching the Fortress Commodity Fund in 2008, growing this to $1.4billion.

Mohammed Hanif, Chief Investment Officer at Insparo, commented: “Lucas is an excellent hire for us, and brings precisely the kind of skills and experience we were looking for. As well as strengthening the investment team’s existing skillset, he will be the portfolio manager of our planned food fund and have a key role in other initiatives. To be successful with a fund like that you need a team that understands both the short term opportunities of commodities markets, and their long term cyclical nature. Lucas’ addition gives us a huge advantage in that area. In addition to his investment role we look forward to welcoming him as a member of our management team.”

Lucas Wurfbain added: “It is very exciting to be joining Insparo. In the short time since its launch the firm has established itself as one of the most dynamic managers investing in next generation markets. I believe I am joining a firm whose track record speaks for itself, and I look forward to helping them maintain and enhance that record as the company plans its move into new investment arenas.”

Press release

bc

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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit