| Report Date | 08 August 2010 |
| Manager | Argus Capital Management |
| Fund Name | Argus Dynamic Multi-strategy Program |
| Strategy | Managed Futures |
| Latest Return Date | July 2010 |
| Latest Return | 1.55% |
| Latest 6 Months | -4.38% |
| Latest 12 Months | -14.48% |
| Latest 24 Months | 12.70% |
| Annualised Since Inception | 15.64% |
| Inception Date | 01 June 2005 |
| FUM (millions) | US$29 |
| Fund Overview | The core trading strategies employed include Short-Term / High Frequency Trading, Relative Value Trading, Wavelet Analysis and Long-Term Trend Following. These strategies are applied to 75+ futures markets including interest rates, currencies, commodities and stock indices. |
| Manager Comments | Relative Value was the only one of Argus's four strategies not to make money in July. The fund finished the month up +1.55% with a large contribution coming from long positions in many wheat varieties as dry and hot weather in Russia reduced production and caused the fastest spike in the global crop price since 1973.
Some of the fund's recently added short-term reversion models also produced encouraging returns. For example, in the silver market the models got the timing right with two short entries preceeding very sharp one-day sell-offs on the 16th and 27th of July.
The loss in the Relative Value strategy was due to crude oil stockpiles unexpectedly rising which put pressure on those holding stock in tankers to move it ashore. |
| More Information | » View detailed profile of this fund |
