(Bloomberg)– Commodity hedge fund Farrer Capital Management Pty has actually near brand-new financial investment after elevating $500 million, making it among the only professional farming capitalists on the market.
Most Read from Bloomberg
In a declaration, Farrer Capital stated it had “successfully achieved its stated targeted capacity” and had “closed its doors to further investment capital.” Bloomberg reported previously this year that it had actually been intending to elevate $500 million.
Run by previous Merricks Capital Head of Commodities Adam Davis, Farrer thinks geopolitical stress and environment modification will certainly drive chances in farming markets, it stated.
Commodity hedge funds have actually been available in and obsolescent in the previous twenty years, with single celebrities such as Astenbeck Capital Management, Blenheim Capital Management and Clive Capital leaving the marketplace.
The market has actually seen a tentative resurgence in the last few years, however fund launches continue to be uncommon, and there are extremely couple of professional farming funds. An index of the leading 15 product bush funds assembled by Bridge Alternatives– which it states jointly take care of $19 billion– includes just one fund that is exclusively concentrated on farming.
Farrer Capital stated it had personnel in Australia, North America and South America and intended to proceed a “global recruitment drive.”
Most Read from Bloomberg Businessweek
© 2024 Bloomberg L.P.
