Chart of the month: Campbell


Campbell & Co.'s Global Assets fund has had a storming start to the year, as the chart above shows. The firm, which now runs some $4.5 billion in CTA strategies, trades about 50 different financial futures contracts in the Global Assets strategy. It has skilfully exploited the prospect-of-war theme which, in turn, has created significant investor uncertainty and consequent market volatility. As the value of the US dollar declined over the past year, the fund has generally been short the greenback and long on other major currencies. It has also benefited from a sharp rise