Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Commodities lag stock markets over the past six months

Tuesday, April 17, 2012

Precy Dumlao, Opalesque Asia: Switzerland-based commodities-focused asset management firm Tiberius Asset Management reports that over the past six months, the commodities space has underperformed the U.S. stock markets by almost 30% on the aggregate. As expected, commodities once again lagged behind the international stock markets in March in terms of price performance. The Dow Jones UBS commodity index retreated by slightly more than -4%, while the S&P 500 and the Nikkei 225 managed to advance by just over 3%.

In its Tiberius Asset Management monthly commentary, Tiberius attributed this to the weak economic data coming from the Asian emerging economies. It cited that the Chinese commodity markets appeared to be abundantly supplied following extensive restocking in Q4 2011. "Given this uncertain macroeconomic outlook, we have reversed our long bias for the long-only funds and temporarily scaled back our investment ratio from 105-110% to 90-95%," Tiberius said in its commentary.

The asset manager commented in its report, "Relative to their respective benchmark indices, our long-only funds turned in slightly negative results in March 2012. Thus, Commodity Alpha OP (CA$) lost -0.71% relative to the DJUBS index, while Tiberius Commodity Alpha Euro OP (CA€) gave up -0.81%. Tiberius Active Commodity OP (TAC), wh......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner