Black River Asset Management has opened its long/short equity commodities fund to outside investors, HFMWeek reports. The Commodity Equity Long/Short Opportunity Fund, launched in September with $60 million, will target institutions globally to reach its $250 million target.

The fund trades global equities involved in commodity chains, including fertilizer, grains, meat and food distribution, along with the industrial chains, including steel, transportation and energy. The portfolio manager of the fund is Gregg Groechel.

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