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Alternative Market Briefing

CTA and managed futures fund still outperforming all markets

Wednesday, November 19, 2008

From the Opalesque team:

South African CTA Trendline Diversified Fund returns +8.47% in October, 27.04% YTD The Trendline Diversified Fund is a systematic domestic macro fund with the objective of consistently generating rolling 12 month returns significantly in excess of the South African risk-free rate. The manager commented: “Once again the portfolio produced an attractive return in a difficult environment. This is again particularly satisfying as the overall portfolio risk was moderate for the whole month, and evenly distributed across bonds, commodities, currencies & equities. Short positions in equities & ZAR/ $ produced the bulk of the profits."

Andy Pfaff told Opalesque: “Trendline’s AUM is ZAR50m. The local FoHF community has been very slow and reluctant to invest with CTA & macro managers – in spite of global trends increasing allocations to these strategies over the last 12 months. We have had some interest after our recent good performance, and have commitments to take us to ZAR 85m at the end of November. The capacity is around $200m (ZAR 2bln).”

Trendline Funds (Pty) Ltd is based in Cape Town. Corporate website: Source

Select`s futures fund returned 10.56% in October, makes a case for managed futures Sydney-based Select Asset Management Limited announced that the Select Futures Fund returned +1......................

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