Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed