Mon, Aug 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

EManagers DB Insights - CTAs that invest in soft commodities are having a good start this year

Are CTAs which invest primarily in soft commodities doing well enough? Well, we have a sneak peek here for those five funds which report to our Emerging Managers database, namely; AN Commodity Fund, Tlaloc Capital LLC: Grains Program, Tejas Advisors Fund, Lembros Commodity Advisors LLC: LCA 30 and Total Alpha Ultimate (SAC) Ltd.

AN Commodity Fund, the oldest of them, registered positive growth in January as it gained +10.83% after posting negative returns in Dec'12 and Nov'12.  Tejas Advisors Fund was up +2.14% followed by Tlaloc capital, up +0.9% and LCA 30 inched up marginally to +0.03%. Total Alpha Ultimate was the exception, as it was down -3.34%. Take a look at chart below for last three-month performance up to Jan'13.

Three-month compounded performance for AN Commodity Fund was at -19.62% (worst among the five), followed by Total Alpha Ultimate, -2.99% and LCA 30, -1.17%. Tejas Advisors Fund and Tlaloc Capital registered positive returns, +0.81% and +0.67%, respectively.

AN Commodity Fund lags its peers in compounded return for the last 12 months too, having a negative performance of -61.19%.

A close look at the worst drawdown shows that younger funds (Total Alpha Ultimate and LCA 30) are in a good position compared to the other three older funds. But Tlaloc Capital, the second oldest fund, emerges as the best among all irrespective of age......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new