Summary

The Trevinci Liquid Ag Strategy uses a discretionary, fundamentally-based approach to agricultural markets. The strategy focuses, primarily, on grains and cereals. Secondarily, it focuses on soft commodities and related markets (e.g. ethanol, vegetable oils, meats, livestock, etc.). Trade ideas are generated through the deep commercial relationships with market participants as well as Trevinci's proprietary, fundamental research efforts. As a result, the majority of the trades will be focused on fundamental market imbalances and medium- to long-term in nature, though, it opportunistically takes advantage of short-term technical dislocations.