Sun, Nov 8, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

as CTA strategies continue to rack up gains, Welton expects current macro events to take years to unwind and provide opportunity to drive returns (Global Directional Portfolio +11% YTD) – Part Two

Monday, October 20, 2008

From Kirsten Bischoff, Opalesque New York: Opalesque recently had the chance to speak with Patrick Welton, co-counder and CEO of Welton Investment Corporation, which manages a $500m global macro and managed futures portfolio. The strategy trades in approximately 100 markets spanning commodities, currencies, interest rates and stock indices. Welton’s Global Directional Portfolio (GDP) was incepted in 2004, has earned an average annual return of +15.44%, gained +0.87% in September, YTD returns of approximately +11%. Welton Investment Corporation is based in Carmel, California.

In Part Two of this piece, Welton discusses some of the concerns investors have expressed regarding the hedge fund industry, and how in the short term redemptions will generate opportunity for a managed futures strategy, and in the long term may be better for the entire industry.

Being uncorrelated to other strategies seems to take on an even stronger level of significance these days. It was reported that redemptions in the hedge fund industry, even if they occur in more modest numbers than anticipated could cripple an already illiquid equities market. Have you seen an increase in attention paid to your strategy as it proves itself to be uncorrelated to these markets? I just spent a week in New York, and after multiple meetings with different potential clients your first sentence couldn’t be any truer. Being uncorrelated really has tak......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m