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Opalesque Exclusive: Danix Global Macro Fund continues to provide alpha, returns +3.75% (Class A), +6.43% (Class B) and +11.5% (Class M) in June June was the Danix Global Macro Fund’s second most profitable month with Classes A, C and M +3.75%, +6.43% and +11.5% (YTD +7.58%, +12.06% and +22.46%) respectively (estimated and subject to change). Most notably, profits were generated in a completely different manner to August 2007 (Danix’s most profitable month) which continues to demonstrate the diversification across the portfolio. Additionally this was achieved with minimum intra month drawdowns (0.57%, 1.01% and 1.83% for Classes A, C and M respectively).

All parts of the portfolio were profitable. The Discretionary Macro option part of the portfolio benefited from further expectations of higher rates in both the US and the UK as well as being long volatility, and the interest rate spread part of the portfolio had a particularly strong month as market volatility provided some very high quality trading opportunities. The Systematic part of the portfolio generated profits from being short stock indices. AUM in the strategy are just over $30 million.

The Danix Fund was launched in September 2005 and invests predominantly in exchange traded futures and options on Short Term Interest Rates, Government Bonds, Equity Indices, Foreign Exchange, Equities and Commodities. Source

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