Wed, Oct 7, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Precious metals drag Arcanum Multi-Strategy Fund in May

Wednesday, June 25, 2014

Komfie Manalo, Opalesque Asia:

New York-based Arcanum Capital Management LLC said precious metals, particularly gold and silver dragged down earnings for its Arcanum Multi-Strategy Fund in May as the hedge fund sustained -0.39% (+0.44% YTD) losses during the month while the HFRX Global Hedge Fund Index gained 0.45%.

"The fund gained on European and Asian equities, REITs and volatility while it lost on U.S. equities, gold, silver and gold miners. Most of the gains this month came from volatility while most of the losses came from U.S. equities," Arcanum said in its monthly report to investors.

Gold lost 3.05%, silver dropped 2.06% and the gold miners lost 6.58% for the month. REITs had a positive month with U.S. REITs gaining 2.40% and international REITs was up 4.67%.

However, the yellow metal gained some grounds in the first half of June as hedge funds and money managers increased their bullish bets in gold futures and options in the week to June 17 as bullion prices climbed, according to data from the Commodity Futures Trading Commission.

The group, also known as managed money, cut their bullish bets to switch the copper market to a net s......................

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i