Friday, 25 July 2014
Last updated 1 hour ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…