Luke Ferguson
CEO & Director
AFSL Responsible Manager. Previously directed a global alternative and automated trading research company; RG146-qualified across four disciplines.
Wholesale investment management · AFSL 490023
Institutional risk discipline, applied to Australian livestock.
Ferguson Hyams is a wholesale investment manager running an asset-backed livestock strategy. Returns are generated by biological weight gain over short and repeatable cycles. Managed with the systems and controls our team built over decades at global trading institutions.
Why livestock
Real assets. Real cash flow. A market that doesn’t move with equities.
Global demand for animal protein is projected to keep rising over the coming decade (OECD–FAO Agricultural Outlook 2025–2034), and Australia is one of the world’s most efficient red-meat producers.
Within that supply chain, the greatest value is created in backgrounding; the stage where livestock gain weight on pasture. That is where we operate.
Our returns come from weight gained per head per day, a biological process we measure daily, not from market timing. Historically, that has meant low correlation with listed equities and bonds, though livestock investment carries its own agricultural, operational and market risks.
- Days per capital cycle
- ~100
- Typical lamb growth per cycle
- 35→60kg
- Weighing & monitoring
- Daily
How it works
The exit is priced before we buy
Processor pricing per kilogram is transparent and known before any livestock are purchased.
- 01
Price
Sale price per kilogram is transparent and known before any stock is purchased.
- 02
Acquire
Young livestock are purchased against known pricing as tangible, insured assets.
- 03
Background
Approximately 100 days of managed weight gain on pasture, monitored daily.
- 04
Sell
Livestock are turned off to the processor at pricing known at purchase.
- 05
Reinvest
Capital recycles into the next seasonal program.
The team
Run by people who managed billions before they managed livestock
Gideon Hyams
Chief Investment Officer
Over 17 years at UBS, more than half as Managing Director in Zurich; ran one of the market’s largest FX derivative books. Oxford physics honours.
Mark Lowrey
Chief Operating Officer
Oversees agricultural and livestock operations — governance, welfare standards, reporting frameworks and escalation systems. Built and led multiple businesses in highly regulated, operationally complex environments before joining FHIM.
Insights
Insights from the team
Market insight
The next food shock will start in the grain bin. It will end on the protein shelf.
JPMorgan has put a date on the next food crisis — and why the protein leg is still in front of us.
Read more →Feature
Beyond property: lamb and value in an age of volatility
Why wealth protection is migrating from capital appreciation to tangible, operational assets.
Read more →Community
Beyond the fund
We believe stable, predictable income changes what organisations can do and that applies to charities as much as portfolios. Ferguson Hyams works with corporate partners to help not-for-profits build long-term financial capacity, with the aim of organisations that sustain their own impact.
Our community work →
See the strategy in detail
The Strategy Brief covers the investment process, target returns and their basis, key risks, fees and how to invest — via HUB24, Swissquote, Utmost and Clearstream, or directly. For wholesale investors only.
Request the Strategy Brief (opens in a new tab)Links to invest.fergusonhyams.com.au