Sun, Aug 2, 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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner