(Bloomberg)– Commodity hedge fund Farrer Capital Management Pty has really 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 said it had “successfully achieved its stated targeted capacity” and had “closed its doors to further investment capital.” Bloomberg reported beforehand this yr that it had really been aspiring 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 said.
Commodity hedge funds have really 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 really seen a tentative resurgence in the previous couple of 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– consists of only one fund that’s completely focused on farming.
Farrer Capital said it had personnel in Australia, North America and South America and supposed to proceed a “global recruitment drive.”
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