March 3, 2008
US investment firm to launch agriculture fund
US-based investment firm, Castlestone Management, said Monday it plans to launch an agricultural fund late this month due to upswing demand for agricultural commodities.
The Aliquot Agriculture Fund will be launched on March 31 and is estimated to hold 38 percent of assets in grain futures such as corn, soy and wheat, 22 percent in foodstuffs including sugar and coffee and 12 percent in livestock.
Fund manager Matthew Sena said the US is in a long-term bull market in grains and soft commodities.
Castlestone manages around US$1 billion in assets.
