For three excruciating weeks in May, Renee Haugerud, the founder of New York hedge fund Galtere Ltd., agonized that her wager on corn was a massive mistake... Read more
Galtere was founded in 1997 by Renee Haugerud, a commodity trading veteran of over 30 years. Galtere’s flagship strategy distinguishes itself from pure commodity strategies and from traditional global macro strategies by blending elements of both. By looking through the commodity lens, Renee and the investment team approach markets from a distinctive standpoint, and are keenly aware of how commodity fundamentals can influence other asset classes. Typically, commodities make up the bulk of the portfolio, with the next largest exposure in foreign exchange, followed by fixed income and equity trades. Combining the discretionary theme-based investment selection (see investment strategies) with Galtere’s proprietary technical process for pricing and risk management, the returns have a very low correlation to most asset classes while offering low volatility.
Additionally, as an answer to investor demand for private equity exposure to agriculture, Galtere has leveraged the team’s depth of knowledge regarding sustainable production of agricultural staples: we are currently raising funds for a private equity agribusiness fund that will be managed by Renatto Barbieri, a seasoned professional with extensive expertise in both agricultural operations as well as structured finance. Galtere’s agribusiness vehicle aims to capitalize on the lack of agriculture related infrastructure in Brazil and plans to make strategic investments involving agricultural warehousing and grain storage.
The Galtere philosophy is particularly forward-looking – an important component of the “art” of trading – while incorporating proper historical perspective, or the “science” of trading. We feel that this hybrid view of global opportunities is an integral part of our continual success as an investment manager.
Headquartered in New
York, the firm also maintains a presence in the Midwest, from which we are able
to monitor physical production across key agricultural markets. The
Galtere Research And Development Center in Minnesota is available to provide
interested parties with a tangible knowledge of how our ideas are sourced, tested,