Fund of hedge funds manager SYZ Asset Management has added a managed futures fund to its Altin portfolio and is looking to increase its managed futures exposure further.
The firm says managed futures strategies, also known as commodity trading advisers, suffered in May and June. This has created a good entry point for investors.
A 1 per cent holding in AlphaMosaic SPC SP 10 Welton global directional was recently introduced to Altin, taking its managed futures exposure to 4.08 per cent.
SYZ says the AlphaMosaic fund is a good medium-term trend follower and is already performing well, so it believes it got into the fund at the right time.
The company is maintaining Altin’s defensive position as this has served it well during a choppy period and SYZ does not want to increase risk.
Performance of the fund in the first six months of the year was broadly flat, with a net asset value of -0.02 per cent at the end of June.
In contrast, the HFRX Global Hedge Fund index was down by 2.12 per cent over the same period.