MANAGED FUTURES TOP HEDGE FUNDS
Hedge funds performed strongly in October with the Dow Jones Credit Suisse Hedge Fund Index rising 1.92 per cent in October. Managed futures was the top performing sector, finishing up 4.29 per cent as trend followers profited from positive commodity market performance, driven by concerns over limited sugar and wheat supplies and further QE. Only dedicated short bias hedge funds lost ground last month, but their 3.6 per cent drop was an improvement on September.
VAM FUNDS’ NEW COMMODITY EQUITY FUND
Specialist investment company VAM Funds has joined up with FF&P Asset Management to launched the VAM Commodities Equity fund. The fund will operate a core-satellite approach and the core will comprise an optimised basket of liquid large cap stocks. The high alpha generating satellite layer is a collection of less liquid catalyst rich stocks. Managed by Jason Webster, the new fund is UCITS III compliant. The annual management charge for the fund is 2.25 per cent.
TOP RATING FOR SCHRODER UK ALPHA PLUS
The Schroder UK?Alpha Plus fund has been rated AAA, the highest rating possible by OBSR, a Morningstar company. This marks an upgrade from AA. Richard Romer-Lee, head of research at OBSR, said: “Richard Buxton has managed the fund since launch in June 2002, and OBSR holds him in the highest regard. His high conviction, concentrated approach, while volatile, has significantly rewarded investors who are willing to be patient and long term in their approach.”