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By Matthias Knab: According to an informal survey by Opalesque, both investors and managers expect managed futures continue to perform well and gather assets... The volatility and dislocations are still offering the trading managers opportunities to capitalize on and perform well.
The BarclayHedge CTA index is up 13.94% for 2008, which contrasts to -21.27% that was reported for the Barclay Hedge Fund Index.
Emanuel Balarie, managing director of advisory firm Balarie Capital Management in Chicago, recently told the WSJ: "2008 will likely be recognized as the breakout year for managed futures. Not necessarily because the industry was able to generate positive returns, but because the managed futures industry was able to generate these positive and non-correlated returns during volatile and changing market conditions."
One of the winners is the Potomac Portfolios’ Potomac Select Fund, which reported returns of +25.73% for the year, compared to the SP500 which finished 2008 down 36.55%. Potomac Select is a Washington DC-based multi-strategy private investment fund operated by Potomac Portfolios, LLC, that invests capital with commodity trading advisors and foreign exchange managers.
Potomac further reported that the fund’s 25.73% return was generated with downside deviation of just 4.18%, translating to a Sortino Ratio of 5.52 for 2008.
“Massive diversification, long, short, and globally among so many randomly moving markets had the intended cance...................... To view our full article Click here
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