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SYZ increases managed futures exposure

SYZ Asset Management has diversified its Altin fund by increasing exposure to managed futures strategies.

Altin now holds 3.2 per cent in Hong Kong manager Vegasoul Capital Management’s Vegasoul fund, which invests in Asian commodity futures. A smaller macro holding in the Two Sigma Compass enhanced Cayman fund also provides some managed futures exposure.

3A believes a well-diversified portfolio of underlying funds that represent 10 investment strategies is a contributory factor in its positive 12.47 per cent return for 2010. The firm says its fund selection has been very good, since there were no bad performers during the year. Holdings that had been lagging came good in the fourth quarter, which is not unusual given 3A’s early positioning of the portfolio in preparation for future trends.

The company believes it is important to plan ahead when making asset allocation decisions so that its investment process can take into account turning points within the broader macro-economic view.

SYZ Asset Management head of alternative investment José Galeano says: “Some people say they are taking profits from credit and high yield, but we did that in the past, about 12 months ago.”

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