Headland Global Asset Management's Global Diversified Fund, which has mainly been invested in cash since the Lehman Brothers investment bank collapse in September, returned +0.23% in December (+1.61% in 2008). The fund began to re-enter investment positions in early January.
The fund's investment strategies are consistent with the manager's negative outlook for the global economy, and include short positions in commodities and exposure to government debt.
The Headland Global Diversified Fund uses quantitative techniques to allocate capital to major investment themes in global bond, currency and commodity markets.
