Quantum founder Jim Rogers joins VTB’s agriculture team
World famous investor Jim Rogers has joined VTB Capital’s agriculture division as an advisor, as the firm plans to expand its agricultural and other commodity and private equity investments in Russia and the CIS region.
Rogers is perhaps best known for his collaboration with George Soros, with whom he co-founded the global-investment partnership Quantum Fund. In a decade, this vehicle gained 4200%, while the Standard &Poor’s index rose less than 50%.
In the late 1990s Rogers developed the Rogers International Commodity Index (RICI). He is a professor at Columbia University Graduate School of Business, economic commentator and chairman of Rogers Holdings and Beeland Interests.
In his new role he will provide regular advice to VTB and insights into global commodity markets and investment trends. He believes that “Russia and the CIS region have all the ingredients needed to become the world’s agriculture powerhouse.”
VTB is well positioned to capitalise on the expected growth in Russia’s agriculture market, having recently launched a dedicated investment platform. The agriculture division is part of the global private equity department.
VTB Capital sees high potential in Russian agricultural market, driven by its proximity to China, Middle East and North Africa and its leading position as an exporter of agricultural commodities such as wheat, barley, corn and sunflower oil.
With global food demand requiring an additional 70% of total production by 2050, the region is set to play a significant role in meeting a substantial portion of this demand, VTB says.
The firm plans to attract between $500mn and $1bn into Russia’s agriculture sector through its phased development strategy.
Rogers points to low-cost, highly fertile cropping land, potential productivity gains, abundant water supply and close proximity to the high demand regions of MENA and China through established shipping routes as the main reasons to invest.