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Alternative Market Briefing

Singularity managed futures program up 17.02% YTD

Wednesday, August 08, 2012

amb
Alan Reid
Bailey McCann, Opalesque New York:

Swiss-based managed futures fund, Singularity closed a turbulent July posting positive returns of +2.51%, raising year-to-date returns to +17.02% according to sources familiar with the fund. Singularity is a multi-strategy CTA using a systemic, trend following approach. The fund seeks to maintain a low correlation to broad market indices and invests in futures in equities, commodities, FX and fixed income.

Since the inception date of the fund in September 2011, the fund shows a net return of +18.15%. The fund is available as an offshore (BVI) fund for qualified investors in Germany and Austria, people familiar with the fund structure. Current assets under management in the strategy are approximately EUR 8m.

July was a difficult month for many strategies, including trend followers. Market movements overall were erratic, the lack of clear trend in some markets and low variation proved to be tough for those pursing the strategy. Fund sources note that soft commodities provided some of the positive returns in early July, combined with reversed market movements toward the end of the month.

Managed futures strategies overall performed better than other strategies in July according to data from both the Credit Suisse Liquid Alternative Beta Index and newly released ......................

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