Wednesday, 24 August 2016
Last updated 18 hours ago
May 25 2007 | 2:58pm ET
Integrated Managed Futures Corp’s Global Investment program produced positive returns in its third month on existence, following a dismal February and March, but overall the fund is still in negative territory. The program, which launched in February, finished April up 9.05% bringing its year-to-date returns to –7.2%.
IMFC in February ceased trading its Diversified program, which traded 29 futures markets, and replaced it with the Global program doubling its exposure to include more equity physical commodities and currency crosses, among other markets.
“The month of April proved to be favourable for the new IMFC Global program,” the firm said. “While strongly positive results are always appreciated, it was even more satisfying to observe that the new program continues to perform exactly as anticipated when it replaced the original IMFC Diversified program.”
The firm is managing US$10.9 million as of the end of April.