Commodities Fund Gains 20% In February

Mar 13 2008 | 2:00am ET

U.K.-based Beach Horizon is having its best ever start to a year. The commodity trading adviser’s US$77 million Beach Horizon Fund finished February up 20%, and is up 31.6% year-to-date.

The fund made its gains in the commodities market, specifically in the metals and grains sectors, according to partner Paul Netherwood.

“The program has a relatively high allocation to commodities,” Netherwood said. “It was designed to at least keep pace with peer programs in a financially dominated market move but out-perform in times of trending commodity markets. Over the last three months we have seen such a time, especially in the grain and precious metal markets.”

According to Netherwood, the combination of long positions in palladium, which is used in the production of jewelry and is in high demand in China, and wheat has helped boost the fund’s performance.

“Our long positions in wheat benefited from the recent bad weather in China, along with a moderate drought in Western Kansas and the Oklahoma panhandle,” he said.

The Beach Horizon Fund charges a 2% management fee and a 20% incentive fee with a $5 million minimum investment for managed accounts and $100,000 for the fund.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat