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Opalesque Exclusive: Swiss-managed Tiberius Multi-Strategy Commodity Fund returns 3.94% in June, benefited from the run-up in the agriculture sector The fund as Cayman Island investment fund managed by Swiss managers Tiberius Capital Management Ltd, which gives an exposure to commodities through a well diversified portfolio. It is a 100% pure commodity futures absolute return fund with allocation to external managers through managed accounts.

The Multi-Strategy Commodity Fund returned a performance of +3.94% in June 2008. The fund continues its positive run and is now up 14.81% YTD, with a volatility of 8.93%.

This month, the directional strategies took the lead over the market neutral strategies. The only negative approach has been the short term directional strategy based on the metals market with short term short positions accumulated over the month in aluminium (while price were rising). The best strategy has been the long term directional strategy which benefited from the run-up in the agriculture sector, especially in grains and softs. The portfolio is globally biased on the long side, but hedge have been built since May and continued in June especially on the energy sector with a decreasing exposure to crude oil and natural gas. Corporate website: www.tiberiusgroup.com

See our May Exclusive on Tiberius ......................

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