Wed, Jun 29, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t