| Report Date | 05 December 2013 |
| Manager | Commodity Strategies AG |
| Fund Name | CSAG Long Only Program |
| Strategy | Commodities/CTA |
| Latest Return Date | October 2013 |
| Latest Return | -0.28% |
| Latest 6 Months | -3.24% |
| Latest 12 Months | -7.09% |
| Latest 24 Months | -7.71% |
| Annualised Since Inception | 5.68% |
| Inception Date | 01 April 2004 |
| FUM (millions) | US$21 |
| Fund Overview | The CSAG Long Only programme seeks to achieve a long term total return that exceeds the return of the Reuters/Jefferies CRB Total Return Index with lower volatility. The Dow Jones-AIG and the GSCI are also monitored. The fund is unleveraged and operates in deeply liquid global commodity markets using systematic processes that enable it to be long in any individual market or allocated to cash, depending on the prevailing yields. The portfolio systems manage positions in trending or mean-reverting markets, with a core emphasis on risk management and capital preservation across every aspect of the process. |
| Manager Comments | The CSAG Long Only Program returned -0.28% during October and -7.09% for the previous twelve months in a difficult commodities market.
At month-end the Fund's allocations were approx Soft Commodities 8%, Grains 5%, Energy 20% and Metals 25%. The residual of 42% was in cash.
Since inception in April 2004 the Fund has delivered 5.68% p.a. as compared to the Dow Jones- UBS Commodities Index return of -0.30% p.a. over the same time frame. Annualised standard deviation for the Fund was 13.18% as compared to 18.26% for the Index.
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| More Information | » View detailed profile of this fund |
