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New Hedge Fund News

The latest hedge fund news shows that Lumix Capital AG is planning to launch an agricultural hedge fund during this quarter. Since June of 2008 the Lumix AgroDirect Fund has been incubated.  They invest in the production of soft commodities in four countries – Uruguay, Argentina, Brazil and Paraguay.

As Lumix’s managing partner, Gonzalo Fernandez Castro explained to FINalternatives, “Farming is very volatile when you talk about one plot of land. If you have 1,000 plots of land in different areas, the volatility is very much reduced.”

So far, the firm has raised $20 million US dollars of capital from both partners and seed investors.  It targets to raise $100 million for its first offering.

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This entry was posted on Thursday, January 21st, 2010 at 2:48 am and is filed under Hedge Fund News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “New Hedge Fund News”

  1. New Hedge Fund News | Hedge Crunch Financial | Breaking News 24/7 says:
    January 21, 2010 at 7:27 am

    [...] to FINalternatives, “Farming is very volatile when you talk … Go here to read the rest:  New Hedge Fund News | Hedge Crunch Financial Share [...]

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