Wed, Feb 21, 2018
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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac