It has been a tough environment for commodity trading advisors with every fund of funds in the sector posting negative returns over the month and indeed over the quarter.
Groupama Alternatif Futures was down 1.24% on the month taking three-month figures to -1.33% while GAM Multi-Systematic Trading fell off by 1.45% on the month to put first-quarter returns at -0.65%. Kenmar Global Managed Futures Program was down 1.54% to leave three-month figures at -0.27%. Edmond de Rothschild Prifund Alpha Systemtatic was down 1.65% on the month, taking year-to-date numbers to -0.65%.
Crown Managed Futures was off by 1.79%