Select Asset Management's Futures Fund has reported a positive performance of 7.84% for June 2008, bringing cumulative YTD performance since January 2008 to 18.46%, and an annualised performance since inception in March 2007 of 21.8% net of all fees.
The Fund reported positive contributions overall from each sector of the Fund, but performance was particularly driven by the agriculturals, energies and stock indices sectors. Select noted that the weakening US economy benefited their predominantly short positions in US stock indices and European market sectors, whilst long positions in grains and natural gas both performed well.
The Select Futures Fund is a systematic (quantitative) global futures trading program managed by London based Aspect Capital. The Fund is structured as an Australian resident open ended unit trust operated as a registered managed investment scheme.
