Haar Offers Agriculture Program

Jan 11 2008 | 11:02am ET

Haar Capital Management believes that further success in the managed futures industry can be had by sticking to its knitting. The Boca Raton, Fla.-based commodity trading adviser last month launched the Discretionary Ag Trading program, a discretionary agricultural-only futures strategy.

The program finished its first month of trading up 5.67%, with about $11 million in assets under management.

Haar’s new program is not entirely a carve-out of its existing and more diversified Commodity Trading program, according to founder Stanley Haar. “Obviously, it’s a subset of the markets that we trade under the bigger program,” he said. “However, we can hold different positions and different size positions in the new program.” 

But Haar admits that there’s going to be significant overlap between the two programs because of his background and experience in the agricultural sector, coupled with the success of the existing program within that sector. Last year, the former trader for the Continental Grain Co. returned 16.76% to investors in the $42 million Commodity program, largely from trading soybeans, wheat and cocoa.

Haar said his decision to launch the latest strategy was based largely on institutional demand for agricultural-based products. “There was a demand from some of those clients for an ag-only program. We think there’s more interest out there partly because the ags seem to be the center of attention by everybody whether it is Goldman Sachs or Jim Rogers.”

The Ag program charges a 2% management fee and 20% incentive fee. The minimum investment requirement is $500,000.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).