Thanks to a relatively high cash allocation the drawdown in January was limited to a 1.6. Most of the CTA positions suffered from difficult market situations. Most important was the disruption of the trend of EUR USD. It was not only hurting the CTA performances, but also all our USD positions were influenced by the weakening of the USD, because we are currently not completely hedged. Most of the drawdown was caused by the weakening of the dollar and the bad performance of our large CTA positions. Our CTAs position performed in line with the Credit Suisse Managed Futures Index, which was down 1.5% in January. Besides the significant drawdowns of most of the CTA managers, also other strategies were…
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The Altaica Alpha High Performance Funds are an excellent access to the alternative investments spectrum. The funds are under management of Elite Fund Management. EFM is holder of the license assigned by the AFM, included in the register of the AFM.
The Alpha High Performance Funds are the best way for portfolio diversification and to add the power of Alternative Investments to your investments. This with all advantages of licensed funds which are under full supervision of the Dutch financial authorities.
Diversification gives more safety. Our strategies are designed to add higher returns to your portfolio. This to improve the return-/-risk balance. Due to our management style the funds are less vulnerable by the directions of the markets we invest. We invite you to get further information regarding the funds from our fund managers. Sent us your request for our information package by mail or visit our seminars.
The year started relatively quite. There was not much spectacle but we ended with a small positive number. The more stable situation in Turkey worked out well, this market gained more than 1%. Russia was not able to continue the strong positive trend of 2016, the markets just closed in the plus. We closed the Pakistan position after a negative monthly result, however this was one of the best performing positions over the last four months. More positive news came from the east. India performed well with a gain of a little more than 1%. Best performing market however was China with an impressive gain of 4%.
December was the recovery month, both for the financial markets and our fund. With a positive return of 2.66% we neutralised an extremely difficult year for hedge funds and for CTA strategies in particular. This month all strategies delivered a positive return. The absolute winner was Equity Long Short, followed by CTA and Event Driven Strategies. Within Equity Long/Short our European manager performed outstanding, adding more than 11% to his result. The markets in Asia faced more turmoil, our manager over there lost a little more as 1%. The CTA managers performed all in harmony. The funds who lost a little more during November won the most in December. Equity and currency trades added the most to the returns. Trends…