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From Komfie Manalo, Opalesque Asia:

The year 2009 was a year of recovery for the commodities sector according to Tiberius Asset Management’s December Market Report. The second half of 2009 saw a marked uptrend which saw the Dow Jones UBS Commodity Index ending 2009 at roughly 279 points, compared to around 380 points at the end of 2008.

Swiss-based asset manager Tiberius said that 2009 had confirmed that commodity futures should not be seen as a homogenous investment category. Spot prices for industrial commodities from the energy and metals sectors were buoyed dramatically by the global economic recovery.

2009’s top performer (by a wide margin) was copper, which surged by nearly 120%. Heating oil, on the other hand, was one of the stragglers among the industrial commodities, with a spot price gain of 35%. Though these advances seem impressive, the fact remains that total returns from the energy and metals sectors were distributed very unevenly.

Performance of Tiberius’ active commodity funds in 2009

Commodity Alpha OP The investment objective of the Commodity Alpha OP fund is to achieve an annual outperformance of 3%-5% over its benchmark, the Dow Jones UBS Commodity Index Total Return (DJUBS). This target was met in 2009 with outperformance......................

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