Four Elements reacts to commodities downturn


When commodities felt the effect of September’s worsening global economic outlook, specialised commodity fund manager Four Elements Capital’s quantitative analysis quickly identified the change of environment and turned around positions in the Earth Element Fund. The result: a 1.30% gain in a difficult month, taking year-to-date performance to 4.40%.

One of the most noted commodity corrections was in precious metals. The fund had closed out its positions in this sector at the end of August and the fund did not sustain any losses during September, explains Four Elements Capital’s Lionel Semonin. In industrial commodities, the risk of contagion