Fund Performance

Fund Performance Report – 31 March 2019 – “All I did was shoot an albatross!!!”

As is typical in this world of speculation and just like a Francis Ford Coppola thriller, just when you want to get out......it pulls you back in.Here we were in February deep in the doldrums with not a breeze about....and then in March we go straight into the roaring forties. The Trend Following index (TF Index) was able to claw back the building drawdowns from January and February to bring the YTD calendar period to a break-even result.

Fund Performance

Very Certain about Uncertainty – Silence you Rusting Ninny!!!

I continuously scratch my head thinking about the paucity of allocations towards the Commodity Trading Advisors (CTA's) that practice the shady art of trading divergence. While they fit into the neat but sometimes spurious classification of 'active manager', the skill is thrust towards the management of risk as opposed to the 'more sexy' active pursuit… Continue reading Very Certain about Uncertainty – Silence you Rusting Ninny!!!

Fund Performance

Fund Performance Report – 31 January 2019 – Does it Hurt Yet?

I wish I could bring you good news for the month....but the hard slog continues in the diversified systematic trend following/ momentum camp. Not to say that there weren't some solid performances in the group, but the index as a whole took another nose dive retreating a further 2.81% into the red for the month. This brings the current drawdown for the Index to 13.18% which still has a way to go to reach max drawdown levels of 15.83% reached in September 2013, but still........let's be honest......we are having a difficult trot at the moment.