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Innovation

Cash Crops With Dividends: Financiers Transforming Strawberries Into Securities

“It’s like gold, but better, because there is this cash flow,” Mr. Boardman said.
His boots were caked with mud when Thomas S. T. Gimbel, a longtime hedge fund executive, slipped in a strawberry patch. It was the plumpness of a strawberry that had distracted him.
Mr. Gimbel, who once headed the hedge fund division of Credit Suisse, now spends more time discussing crop yields than stock or bond yields.
He is the man on the ground for a group of investors — including New York’s

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