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Conquest Shutters Agricultural Fund
August 11, 2008
Conquest Capital Group is reportedly shutting down its $76 million Conquest KCM Agricultural Commodities Plus Fund after its sole investor bailed.
Reuters, citing a source familiar with the fund, said that the investor decided to take its agriculture trading position in-house.
The KCM fund mainly invested in long positions in soft agricultural commodities with limited exposure to precious metals and no exposure to energy markets.
Conquest currently manages $530 million in five hedge funds.
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