Hedge Fund Targets $500 Million for Trading El Niño Crop Risks

The growing threat posed by a so-called “super El Niño” to global food supplies is spurring the creation of a new commodities fund.

By Agnieszka de Sousa, Mumbi Gitau · Bloomberg Markets

The growing threat posed by a so-called “super El Niño” to global food supplies is spurring the creation of a new commodities fund.