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Jeffrey Roy Benedicte Gravrand, Opalesque Geneva:
The XT99 Diversified CTA program was up 16.79% for August, and up 37.16% YTD.
XT99 has a 12-year track record managing client assets of up to $40m and generating 21.07% annualized returns over that period, according to Jeff Roy, portfolio manager of the fund at Pardo Capital Ltd (PLC), a registered Commodity Trading Advisor located in Kenilworth, Illinois.
XT99 is a systematic trend-anticipatory and pattern recognition approach applied to 45 global futures markets and is diversified across 7 sectors and across different model formulations within each sector. The recent volatility in the markets has provided that environment where Pardo’s disciplined, systematic approach tends to produce outsized returns.
Furthermore, said the manager in an email communication to Opalesque, XT99 has a -0.24 correlation to the S&P500 and 0.25 correlation to JPM World Gov’t Bond Index. Along with the dramatically poor showing for the stock markets in August (S&P -5.43%), every hedge fund alternative strategy tracked by Hedge Fund Research, Inc. was negative as well. The only exception was XT99’s strategy category, Systematic Diversified. Indeed, the index was up 0.95% (est.) in August and up 0.67% YTD – compared to the HFRI Fund Weighted Composite Index which was down 2.53% (-1.47% YTD).
The Barclay CTA Index was up 0.11% (est.) in August and -0.56% YTD – compared t...................... To view our full article Click here
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