Front Street to launch agriculture fund


Front Street Capital, Frank Mersch’s $1.5 billion Toronto-based hedge fund shop, is preparing to launch a long/short equity fund focused on agriculture within the next month.

The Front Street Global Agri Fund will invest in the equities of agriculture-related companies, such as fertilizer and water treatment concerns, based in North America, Europe, and in emerging markets. The fund will charge fees of 2% of assets and 20% of performance.

The firm recently launched Ceres Global Ag Corp. a company that it took public on the Toronto Stock Exchange with a mandate to invest publicly and privately in global agriculture