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Benedicte Gravrand, Opalesque Geneva:
The Future Gate Investment Fund, LP (2% Daily Volatility Program) posted an estimated gain of +7.47% for the month of April bringing the YTD return to +12.56%, according to an investor. Comparatively, the MSCI World Index gained +4.02% in April (+8.48% YTD) while the Newedge CTA Index returned +3.60% (+2.22% YTD) and the Barclays CTA Index rose + 2.37% (est.) (+1.89% YTD).
Commodity trading advisors (CTAs) were thriving these last two months. Not only did they outperform general hedge fund indices in April (which returned between 1.3% and 1.8%), but they also took in $6bn (1.9% of assets) in March 2011, the fourth straight inflow as well as the twelfth in 13 months, according to a report by BarclayHedge and TrimTabs Investment Research (while the hedge fund industry posted an inflow of $15.7bn (0.9% of assets)). However, they are have not performed as well as the average hedge fund YTD (on average around 3.6%)
Launched in May 2009, the Future Gate Investment Fund returned 21% in 2009 and 45% in 2010 – almost 40% annualised. It has exposure to the likes of currencies, equities, interest rates, commodities and indices. Lately, it gained most from equities and currencies, followed by energy and metals.
The fund is managed by Future Ga...................... To view our full article Click here
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