Summary

Contrarian Commodities, LP (“Contrarian”) is an opportunistic deep value commodities fund. Its manager, Contrarian Investors LLC, was founded by industry veteran Randon Samelson and currently headed by his son, Lincoln Samelson. This program uses a long-term counter-trend approach to buying a basket of commodities below their marginal cost of production, commodities experiencing extreme panic or capitulation and seeks to exploit situations with lopsided market positioning and sentiment extremes. Our approach is based on the immutable law of supply and demand, built on the premise that commodities—unlike financial assets— have intrinsic values and, therefore, are not likely to become valueless.