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Opalesque Exclusive: Vision Capital Management posts double digit returns for June, CTA program gains 31.60% (est.) Vision Capital Management (http://www.forwardthinking.vc), a Managed Futures CTA, posted an estimated gain of +31.60% for its CTA program, bringing its compound annualized return to +49.04%. Vision Capital Management was profitable in all four major commodity sectors gaining an estimated +15.58% in agriculture, +9.47% in energies, +4.73% in metals and +1.82% in financials. Vision Capital Management is also registered as a Commodity Pool Operator, managing a Reg D hedge fund.

In June, Vision Capital Management was active in 51 of its 55 commodity futures markets. The global alternative investment manager benefited from many strong directional bullish and bearish moves, which came after several months of consolidation for many of the 55 markets in its portfolio.

Dario Michalek, CEO and portfolio manager of Vision Capital Management, described his position on the performance of commodity futures in June: "Fears of a commodity bubble only fueled more buying, leading short sellers and hedge funds to unwind bearish positions and strengthening upward trends. In particular, this was evident in crude oil futures and other energies where we experienced the greatest advantage." For the future, Dario Michalek believes the US Dollar will continue to weaken and has converted cash balances in client accounts to foreign currencies... Full press release......................

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