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.