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Alternative Market Briefing

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

Wednesday, May 15, 2013

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......................

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