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Benedicte Gravrand, Opalesque Geneva:
The Bouchard Short Term Multi Commodity program returned 8.33% in June, bringing its YTD performance to 19.76%, after returning 8.40% last year since its inception in September 2010. The program, which handles managed accounts, has more than $6m in AuM. It currently features in Opalesque Solutions' Emerging Managers Database.
The program attempts to capture short-term trends using systematic trading. This, according to the managers, provides more opportunities in rising, falling and choppy markets.
Systematic trading uses computer models, mainly based on technical analysis of market data or fundamental economic data, to identify and make trades, with limited manager intervention.
Barclayhedge’s Systematic Traders Index was down 1.38% (est.) in June (and down 2.56% YTD), and the AlternativeEdge Short-Term Traders Index has lost 3.65% YTD. The Barclay CTA Index fared slightly better, with -0.96% (est.) in June and -1.16% YTD.
Morgan Benson, CEO and co-founder of Bouchard Capital, LLC, the Washington State-based investment boutique which runs the program, recently explained to Opalesque his investment methodology.
As short-term trend followers, the managers’ average hold t...................... To view our full article Click here
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