Focus: it is the only fund to invest in both the derivatives and the physical shipping market. Currently focuses on the dry bulk market and on the Panamax sector as this is where the greatest volatility can currently be found and it offers the highest liquidity.
Developments: will start trading the Capesize and Handymax sectors as the fund grows. The fund has developed a software system around the proprietary freight portfolio management system, Neptune, which provides “comprehensive freight position management, complete forward pricing and allows the trading portfolio to be thoroughly risk managed”.
Friday’s Settlement: 2902 (- 82) UPDATE: NO CHANGE: For the last sixteen weeks 3010 (our proprietary black resistance neck- line) has acted as the key upside pivot, and price action remained under that point (on a close basis) for this entire period. 3010 remains the pivot between a bullish and bearish market. It (3010) has worked like magic. Providing resistance to the tick. Eight days ago the market once again failed at that region, and is now suffering.