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Komfie Manalo, Opalesque Asia: Zug, Switzerland-based commodities trading advisor Amplitude
Capital is having a great year with its Klassik Strategy (B shares)
being up 31.39% as of end July (+2.94% for July). Comparatively, CTAs underperformed in July (up 0.7%) and gained only 2.8% for the year, according to the Lyxor CTA Broad Index.
In its monthly report, Amplitude said equities were the most successful asset class with gains in all regions. Most of the fund’s profits were generated by North American instruments. The S&P500, last month's best performing market overall, benefited from long positions entered toward the end of June, and held throughout most of July, nicely exploiting an upward moving market.
The report added that "Bonds were marginally positive as gains from long Bund and T-10 positions exceeded smaller losses in the other instruments. Currencies were marginally negative as profits in the program's long signals in the Australian dollar were outweighed by poorer performance in other pairs. Commodities were last month's most difficult sector; particularly in long oil positions. Some of these losses were mitigated by smaller gains in the metals, which rallied towards the end of the month."
No down month in 2016
Amplitude’s Klassik strategy started the year with a strong 9.22% gain in January after closing 2015 down 18.87%. Klassik posted its highest gain in ...................... To view our full article Click here
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