Attunga Capital's managed futures and multi-strategy funds reported both positive and negative returns for November.
Attunga's managed futures funds, the Enviro Opportunities Fund (EOF) and the Power & Enviro (Offshore) Fund (PEOF), reported returns of -1.04% and -1.10% respectively for November, while their multi-strategy Agricultural Trading Fund (ATF) returned +1.29%. Positive performance in the ATF was attributed to calendar spreads in soybean oil, corn and soybeans, which offset losses on market spreads in wheat markets. The EOF and PEOF, which are both mainly invested in Australian electricity assets, are looking ahead to the release of the Australian Government's emission trading scheme proposal in mid December, which will impact their power and emission markets.
