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Opalesque Exclusive: GlobalAgriCap Fund gains +6.07% in April in agriculture rally, +14.06% YTD The GlobalAgriCap Fund gained +6.07% in April, 14.06% YTD. The fund manager comments: “The month of April was a good month for equities across all regions with the S&P 500 up 4.75% and most emerging markets up more than this.

Companies in the agriculture sector enjoyed a very strong rally in the beginning of the month giving back some of these gains in the latter part of April. The weak outlook for the rest of the year from AGCO, a large tractor manufacturer, pushed the sector down. We seized this opportunity to sell Yara for instance which we believe is now fully valued in the short term...”

The fund invests mainly in agricultural related equities worldwide. The fund is able to sell short to generate alpha in the sector but has to maintain a net long exposure to the theme. Corporate webpage: Source

See our ASquare report on that fund: Source

Opalesque Exclusive: Trident Pacific`s Japan Absolute Return fund bounces back in April with +8.56%, new director at new offices The Trident Pacific Japan Absolute (Cayman) Ltd. bounced back in April with a performance of +8.56% in the US $ class and +7.43% in the Yen class net after all fees with average net exposure of 4% against a To......................

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