Tuesday, 29 July 2014
Last updated 4 hours ago
May 11 2012 | 6:32am ET
Wisconsin-based Capital Innovations has been awarded a sub-advisory mandate running a timber fund for BluMont Capital of Toronto, Canada.
CI, which has been managing institutional timber separate accounts, will now offer its timber strategy with lower investment minimums via the Exemplar Global Timber Fund, said founder and CIO Michael Underhill in a press release.
Underhill said his firm has tapped John Duncanson, a professional forester with a background in the finance industry, as portfolio manager. Duncanson worked as VP of sales for the Noranda Group at Northwood Mills as well as serving as a financial analyst covering the paper and forest sector for McLeod Young Weir, Wood Gundy and McCarthy Securities. In 1988, he established Duncanson Investment Research, providing investment advice to Canadian money managers and institutional clients. He has also served as a technical consultant for the Chase Manhattan Bank.
“We believe timber assets share many of the same economic fundamentals as infrastructure and agriculture therefore are the natural extension of our business as we continue to focus on meeting evolving investor needs,” said Underhill.
Established in 2007, Capital Innovations focuses on real assets for institutional clients including the California Public Employees Retirement System and China Investment Corporation.
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The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…