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From Precy Dumlao, Opalesque Asia:

The Latin American agriculture-focused fund Lumix AgroDirect Fund, which is managed by Switzerland-based Lumix Capital Management, returned +0.92% in November bringing the fund's gains to +15.69% since its inception in August 2009. Going forward, with the fund's portfolio fully allocated, Lumix will shift its focus to close monitoring and inspection of investments as well as close supervision of its commodity price management strategy.

In a monthly report, Lumix Capital Managing Partner Gonzalo Fernandez Castro disclosed that the fund would conduct a roadshow in the second half of January this year to attract new investors to the AgroDirect Fund and raise its assets under management (AuM) to $20m. The fresh inflows will be invested in the 2011/12 season.

AgroDirect Fund has $4m in AuM as at end November this year. Its long-term target is to raise $100m.

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