Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss manager launches commodity long/short fund that bets on end of secular bull market

Monday, February 03, 2014

amb
Matthieu Bosser
Benedicte Gravrand, Opalesque Geneva for New Managers:

A Swiss commodity-trading house has just launched its flagship fund, a systematic long/short commodity fund, which edge will be found in its short bets rather than its long bets.

The new fund's manager, Matthieu Bosser, was a fund manager at another Swiss commodity funds house before called Tiberius Capital Management, from 2006 to 2010. After some time spent as a commodities broker, he joined Nafora SA in September last year.

The Caymans-domiciled fund is a 100% discretionary long/short absolute return fund investing exclusively in listed commodity futures and options. It trades across a broad range of raw materials in various sectors (grains, energy, precious metals and softs). It targets an annualized return of 15% and the volatility objective has been set up at 10% to 12% p.a.

This fund, called the Nafora Commodities Fund, was launched on 2nd December 2013 with $15m in seed money, and returned 0.15% that month. The top contributors were soybeans, gold and platinum; the worst contributors were coffee and sugar. The HFRX EH: Energy/Basic Materials Index was up 1.23% in December (7.17% for the year), and the HFRX Macro: Commodity Index up 0.89% (-1.65%).

Against the grain Commodities, like bonds......................

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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n