Sun, Aug 14, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

EManagers DB Insights - CTAs that invest in soft commodities are having a good start this year

 

Are CTAs which invest primarily in soft commodities doing well enough? Well, we have a sneak peek here for those five funds which report to our Emerging Managers database, namely; AN Commodity Fund, Tlaloc Capital LLC: Grains Program, Tejas Advisors Fund, Lembros Commodity Advisors LLC: LCA 30 and Total Alpha Ultimate (SAC) Ltd.

AN Commodity Fund, the oldest of them, registered positive growth in January as it gained +10.83% after posting negative returns in Dec'12 and Nov'12.Ă‚  Tejas Advisors Fund was up +2.14% followed by Tlaloc capital, up +0.9% and LCA 30 inched up marginally to +0.03%. Total Alpha Ultimate was the exception, as it was down -3.34%. Take a look at chart below for last three-month performance up to Jan'13.

Three-month compounded performance for AN Commodity Fund was at -19.62% (worst among the five), followed by Total Alpha Ultimate, -2.99% and LCA 30, -1.17%. Tejas Advisors Fund and Tlaloc Capital registered positive returns, +0.81% and +0.67%, respectively.

AN Commodity Fund lags its peers in compounded return for the last 12 months too, having a negative performance of -61.19%.

A close look at the worst drawdown shows that younger funds (Total Alpha Ultimate and LCA 30) are in a good position compared to the other three older funds. But Tlaloc Capital, the second oldest fund, emerges as the best among all irrespective of age......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du