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Alternative Market Briefing

Swiss CTA posts three consecutive positive months in Q1 (up 5.17%)

Wednesday, April 18, 2018

Komfie Manalo, Opalesque Asia:

Swiss-based Deep Field Capital's Singularity Managed Futures Program posted a net performance of +1.45% in March, beating the volatile markets and closed the first quarter of the year with +5.17%.

Singularity's run of three consecutive positive months in a generally challenging environment for most managed futures programs has resulted in an outperformance to the SG Short Term Traders Index, which returned -0.59% in March (Q1: +0.51%) and the SG Trend Index -0.26% (Q1: -3.88%).

Deep Field told its investors in its monthly report, "Driven by overall higher volatility levels across markets in late January and throughout the month of February, Singularity's adaptive allocation process for March resulted in a shift in the monthly portfolio towards more reactive strategy elements in the mid- and short-term brackets."

As a result, Deep Field said the program was well positioned to benefit from a continuation of that environment in March, seeing the larger part of the performance coming from the more reactive sets of strategy elements.

It added that in line with the previous months, March presented another important step in the program's continued recovery, confirming its desired long volatility profile and positive performance capture on large equity down-days. In comparison, S&P 500 posted negative daily returns in excess of -1% on five days in March. Singular......................

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