Cargill-Owned Commodity Hedge Fund Opens Up

Jul 23 2010 | 12:25pm ET

A Cargill-owned hedge fund is opening its long/short commodity equities fund to outside investors, hoping to raise almost $200 million.

Black River Asset Management is marketing its Commodity Equity Long/Short Opportunity Fund to institutional investors around the world. The fund, which debuted in September, seeded with $60 million, invests in stocks in the commodity chains that Cargill is found, HFMWeek reports. Among the sectors it focuses on are fertilizers, food distribution, energy, grains, meat, steel and transportation.

The fund charges 2% for management and 20% for performance and features a $1 million minimum investment requirement. It offers quarterly liquidity with 60 days’ notice. The fund has a capacity of $250 million.

Gregg Groechel, head of Black River’s long/short equity business for five years, is the manager of the fund.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of