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Bailey McCann, Opalesque New York: Austrian managed futures firm smn posted strong gains of 13.69% in November reflecting a recent comeback for CTAs after months of consecutive outflows. smn was founded in 1996 by Alexander Svoboda, Christian Mayer and Michael Neubauer as an investment management firm. The firm's Diversified Futures program has seen a strong year overall, posting year-to-date returns of +45.76%, according to performance documents reviewed by Opalesque.
The smn Diversified Futures program is a fully systemic managed futures fund with a medium to long-term trend following approach. The fund's performance is especially notable given the beating long-term trend followers have taken both from the market and investors recently. However, CTAs have seen a rebound in recent months on the performance side. Managed futures have returned 3.9% in the last three months and are up 4% year to date, according to eVestment. Capital outflows persist however, as new assets are still difficult to come by for managers.
The program's performance is +310.47% since inception in November of 1996.
smn also manages an equities trend program - C-QUADRANT SMN Equity - which uses a trend following approach but within the equities market. The investment universe for smnīs Systematic Equity Strategies currently comprises more than 2400 stocks from over 40 different countries around the globe (including Emerging Markets).
Month to date, that program is ...................... To view our full article Click here
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