noscript

News and Announcements

RAW Alpha Systematic Fund I: February 2014 Monthly Report

  • Published March 11, 2014 10:41AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Please find attached our Monthly Report for February 2014.

  • The Fund gained 6.96% in February, marking the successful completion of the Fund’s first year of trading. All share classes closed the inaugural twelve month period above par, ranging from +0.83% (GBP share class) to +3.88% (AUD share class).
  • The Fund began February with no Equity exposure. However, the Fund initiated exposure to Equities early in the month and also added to Commodity positions. This systematic response to the changing economic landscape served investors well. Gains were spread across all asset classes and all sub-sectors. Commodities led the way with Lean Hogs narrowly outperforming Natural Gas as the most profitable trade. Within Equities, gains were equally spread across the Americas, Europe and the Asia Pacific region. Currencies were a little more mixed, as gains in the New Zealand Dollar and Swiss Franc outweighed a loss in the Australian Dollar. Small gains were posted in the Fixed Income asset class.
  • Fund performance over the first 12 months has been handicapped by largely choppy or trendless markets outside of Equities.  Without obvious investment opportunities beyond Equities, the diversified investment approach adopted by the Fund has been at a disadvantage versus pure equity strategies.  Until now, that is.  What has been noticeable in the first weeks of the year are the re-emergence of broader themes, particularly in areas such as Energy and Agricultural Commodities. The Fund has benefited, for example, from significant non-correlated (to Equities) trends in areas such as Natural Gas, Coffee, Cocoa, Wheat, Soybeans, Corn and Lean Hogs. A reduction in correlation across asset classes is traditionally a positive for Global Macro Funds such as ours. We look forward to further positive performance, in aggregate, over the next 12 months.

To read the full Report, please download the document below.

Capital Insights
The Index Approach in Early-Stage Venture Capital: Reconsidered

The venture capital (VC) landscape is marked by its dynamism and complexity, especially in early-stage investing. The traditional approach in VC, characterised by a selective and intensive vetting process, often contrasts with the concept of ‘index investing.’ This article revisits the indexing approach in early-stage VC, incorporating insights from recent studies and data, including a […]

Capital Insights
The Future Is Now: The Evolution of Dealflow with Wholesale Investor

If you’ve ever thought of investing or expanding your portfolio, there’s no better time than the present. In the fast-paced world of investment, things are changing at a breathtaking speed, and it’s crucial to stay ahead of the game. The Future of Deal Flow is Today Dealflow, the lifeblood of the investment world, is not […]

Join over 45,000+ sophisticated investors

Join Now