(Bloomberg)– Commodity hedge fund Farrer Capital Management Pty has truly close to brand-new monetary funding after elevating $500 million, making it among the many solely skilled farming capitalists in the marketplace.
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In a declaration, Farrer Capital acknowledged it had “successfully achieved its stated targeted capacity” and had “closed its doors to further investment capital.” Bloomberg reported beforehand this 12 months that it had truly been meaning to elevate $500 million.
Run by earlier Merricks Capital Head of Commodities Adam Davis, Farrer thinks geopolitical stress and setting modification will definitely drive possibilities in farming markets, it acknowledged.
Commodity hedge funds have truly been out there in and obsolescent within the earlier twenty years, with single celebrities resembling Astenbeck Capital Management, Blenheim Capital Management and Clive Capital leaving {the marketplace}.
The market has truly seen a tentative resurgence in the previous few years, nonetheless fund launches proceed to be unusual, and there are extraordinarily couple {of professional} farming funds. An index of the main 15 product bush funds assembled by Bridge Alternatives– which it states collectively deal with $19 billion– contains only one fund that’s completely targeting farming.
Farrer Capital acknowledged it had personnel in Australia, North America and South America and meant to proceed a “global recruitment drive.”
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