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Ceres Agriculture Fund Limited (“Ceres”) is a new Guernsey domiciled, closed-ended investment company established to invest in an actively managed portfolio of primarily exchange-traded agricultural commodity contracts and derivatives. The Company is managed by FourWinds Capital Management.
The Company aims to provide capital appreciation through diversified exposure to an actively managed portfolio of primarily exchange-traded agricultural commodity contracts and derivatives and other agricultural commodity related investments.
FourWinds Capital Management has been appointed the Manager of the Company with responsibility for the discretionary management of the Company’s assets.
The Manager will seek to accomplish the Company’s investment policy by investing in a diversified and actively managed portfolio of primarily exchange-traded agricultural commodity contracts and derivatives. The strategy is intended to allow the Company to build a fully diversified agricultural commodities portfolio which is expected to maximise net returns while seeking to control volatility and limit downside risk exposure.
The Company’s assets will comprise mainly agriculture commodity contracts and derivatives and other agricultural commodity-related investments. These assets will be held mainly within proprietary Managed Accounts operated by specialised Commodity Traders selected by the Manager. Managed Account balances will be invested by Commodity Traders using a variety of primarily arbitrage-based and other Trading Strategies.
By focusing on active commodity investment strategies the Company will seek to distinguish itself from passive agriculture investment vehicles and offer access to a broader universe of active agriculture investment strategies. The Directors believe that this strategy will generate long term risk adjusted capital appreciation for Shareholders.
The Company will invest in a diversified basket of Grains, Tropicals, Fibres and Livestock. This mix of largely uncorrelated Complexes will be used as part of the risk management of the Portfolio.
The Manager currently works exclusively in the commodities and natural resource-related real assets sectors. The Manager conducts research, designs customised risk management tools and structures portfolio allocation tools that are specific to the particular characteristics of those asset classes. The commodities team at the Manager is experienced in commodity and commodity-focused investments.
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