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Colonial First State targets soft commodities with senior appointment
Colonial First State Global Asset Management (CFSGAM) has appointed Mario Maia as a senior analyst within its global resources team, focusing mainly on soft commodities.
Maia was previously at Merrill Lynch Australia, where he held the roles of research vice president (covering chemicals, paper and agriculture) and research associate (covering metals, steel and building materials).
CFSGAM head of global resources Dr Joanne Warner said Maia's appointment was a valuable addition to the team during a period when there is rising demand for soft commodities (that is, commodities that are grown rather than mined, such as sugar, coffee and fruit).
"Mario brings a wealth of specialist experience which will allow the team to further increase the depth of its coverage," said Warner.
"His appointment further demonstrates our commitment to enhancing our soft commodities investment strategies following the launch of the fund in Australia during November 2009 and more recently in Asia and the United Kingdom," she added.
The CFSGAM Global Soft Commodity Share Fund mainly invests in the upstream and midstream portion of the agricultural value change.
Before his time at Merrill Lynch, Maia worked as a research analyst at a Sydney-based boutique brokerage house.
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