Former Merricks' head of commodities launches agricultural hedge fund

InvestSMART

26/01/2024 17:13

NEW YORK, Jan 26 (Reuters) - Adam Davis, the former head
of commodities trading at Merricks Capital, on Friday said he
was launching an agricultural hedge fund with an initial target
of raising $500 million for investments.
    Davis said the new hedge fund, named Farrer Capital, plans
to split investments in some directions including trading of
commodities derivatives, the physical trade of agricultural
products and the financing of commodities operations.
    Davis led Merricks' Soft Commodity Fund since its inception
in 2008 to over $600 million in assets under management. He will
be the chief investment officer at Farrer Capital.
    The two other founders of the hedge fund are Chief Operating
Officer Alistair Fullerton, a former investment advisor at
Tribeca Investment Partners, and portfolio manager Les Finemore,
who has also worked at Merricks as a commodities trader and
analyst.  
    "Investors are increasingly demanding fundamental sector
experts that can navigate the complexity of the world's food
supply chain," Davis said in a statement, adding that volatile
weather patterns and rising geopolitical risks are creating
"outstanding trading opportunities."      

 (Reporting by Marcelo Teixeira; Editing by Mark Porter)
 ((marcelo.teixeira@tr.com; +1 332 220 8062; Reuters Messaging:
marcelo.teixeira.thomsonreuters.com@reuters.net - https://twitter.com/tx_marcelo))