Thu, Apr 19, 2018
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.Ă‚  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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its