The AgFood Opportunities Fund is 8.08% up for the first eight months after fees. This corresponds to an annualized rate of 12.37% and is above our 8-10%pa target over a three-year period. We had flat performance in Feb and ticked down 1% in March but are still up 1.4% for quarter. Click through to see all the information regarding the fund's performance, operational updates, investment opportunities, and our focus for next quarter.

We are very pleased to be up 6.67% on the initial investment for the first five months. This annual rate of 16.8% is above our 8-10% target.

We set a six-month time frame to allocate capital to 70% listed shares and 20% unlisted and 10% cash. At this point we are 47% in ASX listed shares, less than 0.5% in one pre-IPO and 52% in cash (including 27% committed funds).

Our first cornerstone investment in a listed company, TasFoods TFL.ASX (8.5% for $3m), continues to be a strong contributor and we will visit them in February. We now have a small position in Health Plant & Protein (HPP.ASX, old BUG.ASX) which is our #2 outperformer post its strategic review announcement.

A couple of significant investment opportunities are under evaluation and decisions are due early to mid-February.