Fri, Feb 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Commodity hedge funds on a bull run in July despite weak macroeconomic prospects

Thursday, August 16, 2012

From Komfie Manalo, Opalesque Asia:

Commodity hedge funds posted positive returns last month despite weaker macroeconomic prospects. But the bull run in the commodities sector was pushed not by strong economic outlook, but by the worst drought to hit the U.S. in 60 years, Tiberius Asset Management, a Swiss commodity fund manager, says in its latest market commentary.

Indeed the Dow Jones UBS Commodity Index advanced by +6.5% in July; and the S&P Goldman Sachs Commodity Index gained +6.4%. Not far behind was the Rogers International Commodity Index with a monthly plus of +5.8%.

According to Tiberius, at the individual commodity level, July was practically a mirror image of the previous month. "The four top-performing commodities were exactly the same ones as in June, and even had the same ranking: In the lead was corn (+28.3%), followed by wheat (+17.3%), soybeans (+14.9%) and natural gas (+13.3%). The petroleum complex (+5.1%) - i.e. crude oil, gasoline and heating oil – also boosted index performance in July. The metals, on the other hand, were once again the laggards. Thus, the four industrial metals represented in the DJUBS (aluminium, copper, nickel, zinc) lost between -1.7% and -5.3% in value."

The grain sector registered strong results over the past two ......................

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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th