Finnish private investment group Thominvest Ltd is taking a minority stake in commodity hedge fund manager Contango Fund Management Company Ltd.
Finnish private investment group Thominvest Ltd is taking a minority stake in commodity hedge fund manager Contango Fund Management Company Ltd. The acquisition is subject to the approval by the Finnish Financial Supervision Authority.
The aim of the transaction is to utilize the commodity market and financial services expertise of both parties to support the growth of the fund management company in Scandinavia and Europe.
‘The international experience of Thominvest in asset management, commodity trading and private equity investment provides an ideal partnership for the future growth of the fund management company in Scandinavia and Europe,’ says Karri Lehtinen, CEO of Contango Fund Management Company.
Contango Fund Management Company is regulated by the Finnish Financial Supervisory Authority (FIN-FSA) and manages Contango Commodity Fund, a multi-strategy commodity hedge fund that is domiciled in Finland and denominated in euros.
Contango Commodity Fund’s investment objective is to provide absolute returns in every market situation and generate alpha returns by utilizing seasonalities and long-term price cycles using both short-term trend and longer term value-based commodity strategies.
Contango Fund Management Company is the first Scandinavian fund management company to focus on commodity investing.
Thominvest is a private investment group and family office based in Finland with international interests. Group businesses comprise equity holdings and alternative investments, such as hedge funds, real estate, private equity and venture capital. Much of the operational activity is, however, in subsidiaries and affiliated companies engaged in trading and financial services.
