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Drury Capital's flagship Diversified Trend-Following Program, launched in 1997, has seen strong gains from all sectors this year - enjoying a leap in performance of 30% (as of September 14*) while its Multi-Strategy Program is up 15.5% as well.

The Trend Following Program is based on 50% commodities and 50% financials, with long term holding periods.

In addition to profits from equity indices, key drivers of this year's performance have been trades in aluminium, which had been traded on the long side since June 2020 when aluminium was $1,600/MT to today's price of around $3,000. Natural gas has been another long trade in the program that has, since April 2021, risen from $2.88/MMBtu to the current price of $5.50. In the second half of this year, energies have proven very profitable as the pandemic recovery has gained strength. Natural gas has led the way with a sustained price move owing to tight supplies and increased demand.

Grains have been strong as well against the backdrop of tight global supplies. Historic price moves in coffee amid production concerns in Vietnam, which has been hit by labour shortages due to the Coronavirus, have also contributed to Drury's trading results.

Similar to the price rises in aluminium, prices of copper have also continued to rise. Apart from pandemic recovery, it is anticipated that as electro voltaic energy replaces fossil fuels, global demand for copper wiring will be unprecedented.

The program has also been profitable in the fixed income sector. The portfolio includes instruments of long and short duration in numerous markets globally.

Bernard Drury said: "We are pleased that it has been a strong year so far for the firm and its clients. Insights from our decades of continuous research and innovation have become embedded in our strategy. We aim to identify directional opportunities while being disciplined about preserving capital. As well, at times we may provide exposures that investors might otherwise not have.

This year, every sector traded has been profitable, boosting performance. The early year profits came from trades in rising interest rates (bonds, FX), and upward moves in the copper, aluminium and grain markets that were largely pandemic-recovery trades. In recent weeks, the move in natural gas has been noteworthy as well. Overall, the performance results reflect the dedication and long-standing experience of the Drury team."

Bill Miller, Global Head of Sales and Marketing for Drury said: "The biggest advantage is the flexibility built into our strategy. The diversification and detailed analysis by the program has delivered a strong investment strategy for our investors. Our performance is way ahead of many other strategies.

"The CTA space is now one of the strongest and most compelling narratives available to investors. We anticipate it will continue to outperform many other investment strategies. Managed Futures looks set to continue to deliver for investors as the global economy continues to recover."

Drury Capital's Diversified Trend-Following Program was launched in 1997 and has an annualized ROR of 9.79%.