Hedge Fund Targets $500 Million for El Niño Crop Risk Trade (opens original article in a new tab)

A hedge fund is launching a $500 million commodities fund to capitalize on risks posed by a strong El Niño event, which could disrupt global food supplies and affect various agricultural and energy markets.

• Hedge fund Moreton Capital Partners targets $500 million for a fund to trade commodities affected by El Niño
• El Niño is expected to impact global food supplies, with potential for severe weather effects on crops
• The fund will use strategies including futures, swaps, and relative-value trades to address weather-related risks
• The fund aims to raise capital by September and start trading in July