Sat, Feb 13, 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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at