Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Commodity bull run set for another five years or more, Dighton Capital Management says

Monday, January 10, 2011
Opalesque Industry Update - The bull run in commodities is set to continue for at least another five years, offering long-only investors better growth potential than any other asset class, according to Dighton Capital Management, one of the world’s leading managed futures fund managers.

Bonds and property are all hitting headwinds while Dighton believes equities are set for a major correction toward the end of 2011 or early 2012 led by the developed markets.

Alex Moiseev, Principal and Chief Investment Officer, Dighton Capital Management said: “Long-only investors should just own commodities across the board. There is nothing else that is worthwhile out there. Equities in some emerging markets do offer potential but they represent unknown territory because of the political factors.”

Dighton believes that fears over the real value of money resulting from excessive quantitative easing and consistent devaluing of currencies by many countries will drive up prices of precious metals while growing demand from emerging market economies will raise prices of base metals, soft commodities and oil.

Alex Moiseev added: “There are major lifestyle changes in emerging markets that are putting massive upside pressure on commodities, even compared with just a few years ago, but we are not seeing much increase in production. This is particularly true of oil, which I expect will go to $200 a barrel or more in the next two or three years. The ongoing devaluation of the dollar will only support nominal prices of oil and other commodities.

“In such an environment, investors should be looking to asset managers who can trade long and short across all the asset classes, and especially those who can effectively exploit the bull run in commodities.”

While US equities enjoyed a rally last year that will likely continue in 2011, Dighton believes much of the earnings uplifts have been driven by inflationary pressures rather than real economic growth and that quantitative easing is merely postponing the emergence of real structural economic problems. The failure of the S&P 500 to consistently breach the 1500 barrier will then lead to an eventual sell-off in US equities in the medium term that will hit stockmarkets around the world. Emerging markets will be quicker to recover than their developed counterparts.

Dighton Capital Management has been operating since 2003. It has a consistently attractive record of delivering high absolute returns, high liquidity and transparency, as well as low correlation with equities and bonds.

(press release)

About Dighton Capital Management

Dighton Capital Management is an established alternative investment manager providing superior, non-correlated alternative investment products to institutional and private investors. The company was established in 2003 and currently manages three funds. AUM are in excess of US$230 million. It has offices in the United States, Switzerland and the Cayman Islands.

Dighton offers two investment programmes at present based on Managed Futures. The first is offered through the Dighton Balanced and Dighton Aggressive Segregated Portfolio (ASP). The second program is the Dighton Dynamic Allocation MSP. Dighton’s products are domiciled in the Cayman Islands.

The Dighton Aggressive Segregated Portfolio (ASP) is a discretionary CTA which follows a Global Macro strategy. Trading is done solely on liquid and highly regulated US Futures Markets. The strategy is developed by Mr. A. Moisseev who has been a Futures trader since 1992. The investment ideas are generated by combining fundamental macro and technical analysis, such as pattern recognition, volatility analysis, wave analysis (Elliot Wave), volume and Time cycles. The Fund manager trades on high conviction and his tight selection standards reject 9 out of 10 trading ideas. The fund aims to achieve +50% annualized performance.

The Dighton Balanced Portfolio (Dighton Balanced) is a discretionary CTA which follows a Global Macro strategy. Trading is done solely on liquid and highly regulated US Futures Markets. The investment ideas are generated by combining fundamental macro and technical analysis, such as pattern recognition, volatility analysis, wave analysis (Elliot Wave), volume and Time cycles. The fund aims to achieve +20% annualized performance with a volatility of 15%. For further information on Dighton Capital Management’s three investment funds visit www.dwwi.ch.

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  2. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord