Blackheath, a Canadian managed futures advisory firm, posted strong returns in its volatility arbitrage strategy fund for July, the fund was up +6.48% and is up +13.90% year-to-date, according to sources familiar with the firm. The fund was launched in 2009, and has yet to have a down year. It is up +85.68% since its inception in 2009.

Over 2012, the fund