Sun, May 27, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Drury Capital gains 8.13% in April (+14.39% YTD), defies commodities market sell-off

Wednesday, May 15, 2013

amb
Bill Miller
From Komfie Manalo, Opalesque Asia – Drury Capital defied the commodities market sell-off in April after its Diversified Trend-Following Program gained 8.13% last month (+14.39% YTD). This strong performance comes at a time when many commodities hedge funds are struggling to make gains.

Drury’s Commodity Investment Strategy is featured in our A-Square Database which can be found here.

Bill Miller, Head of Global Sales for Drury commented," We are cautiously optimistic that the tide is turning. CTAs can be long or short and we are agile enough to make the most of market activity, making sure we are on the ball to catch market trends and this has given us the edge in April. Many investors have money tied up in equities, which have performed well, but historically we know the economic cycle will turn in time. It could be argued that the markets have recently shown signs of retuning to a more normal state, and it appears in certain cases, commodity prices are perhaps less influenced by risk-on/risk-off buying and selling, and perhaps have given way to price moves based on primarily market fundamentals. We know the markets can fluctuate dramatically but we are seeing signs that there is a turnaround beginning to appear."

Indeed Drury’s Commodity Investment Strategy provided a healthy gain f......................

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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven