Global Advisors, the specialist commodities alternative asset manager, says its core investment programme returned 4.33% net of fees for investors in the first quarter.
The Global Advisors Discretionary Program uses a diversified strategy that focuses on energy and metals. Global Advisors’ approach combines both technical and fundamental analysis as well as proprietary technology and in-the-trenches trading expertise.
The Global Advisors Discretionary Program currently manages $135 million of assets for institutional investors, professional investors, funds of hedge funds, and family offices. The Discretionary Program started trading in September 1999 and has returned 66% net of fees since inception.
“Markets in industrial commodities have been both very interesting and highly volatile over the last six months,” says Danny Masters, portfolio manager of the Global Advisors Discretionary Program. “We believe that crude oil for delivery for several years forward will continue to ratchet higher and higher as concerns about reserve depletion mount. Our fund profited from long positions in oil, natural gas, and base metals while some gains were also realized on precious metals. We believe commodities will continue to offer great opportunities for investors looking for positive returns that are un-correlated with the major stock or bond markets.”