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B. G., Opalesque Geneva for New Managers:

Kazmarck Capital's Opportunities Program, a global macro absolute return strategy, returned 1.47% in February, mainly thanks to its investments in energy. It is up 7.5% YTD.

According to an investor communication seen by Opalesque, February's performance was attributed to gains in energy investments. These investments were specifically in WTI and natural gas, with prices finding fundamental support, followed by a rally late in the month due to colder national forecasts. The gains were offset by a short SP500 positioning.

Crude oil prices have gone up 27% from their Christmas week lows and many see them rising further. According to oilprice.com, WTI Crude futures were at $56.6 and Brent Crude at $66.6 on Thursday 7 March.

Natural gas was at $2.8. Incidentally, the U.S. and China are closing in on a trade deal, and the agreement may include China buying as much as $18bn worth of LNG from Cheniere Energy, reports the newswire.

The S&P 500 Index was up 10.5% YTD on Thursday, and up 3.7% over the last year after a sharp drop in January.

Outlook As the mana......................

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