Henderson Global Investors has launched the Henderson Agricultural Fund, a Cayman domiciled hedge fund.

The fund is co-managed by Attunga Capital, an Australia-based investment manager. Henderson Group, the parent of Henderson Global Investors, has held a minority stake in Attunga since November 2008.

The Henderson Agricultural Fund, which will be marketed through Henderson’s global distribution capabilities to institutional investors, will provide access to Attunga’s agriculture investment strategy.

According to Henderson, the fund will focus on relative value, a niche strategy within the asset class.

Henderson Institutional Business head Arno Kitts said that agriculture is an exciting asset class incorporating, amongst others, food and fuel, the prices of which are influenced by a wide number of social, political and financial factors.

“Attunga has broad expertise and is highly experienced in this area of investment and we are pleased to be adding the Henderson Agricultural Fund to our stable of hedge fund products,” Kitts said.