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In the week ending May 14th 2021, eVestment published April 2021 hedge fund performance data that revealed hedge fund performance was broadly positive in April, with 85% of funds reporting to eVestment seeing positive performance figures and the industry as a whole posting a return of +2.61% for the month. Year to date (YTD) average performance for the industry stands at +7.61%, which is a fairly good relative return when looking across global equity and fixed income markets, according to eVestment Global Head of Research Peter Laurelli. According to data released by HFR too, hedge funds advanced in April for the seventh consecutive month on strong corporate earnings and investor optimism regarding the US economic reopening, extending gains from both 1Q21 and FY20. The HFRI Fund Weighted Composite Index (FWC) gained +2.7 percent in April, while the investable HFRI 500 Fund Weighted Composite Index advanced +2.3 percent. ....
Auspice Capital soars on the commodities rally Tuesday, May 11, 2021 Bailey McCann, Opalesque New York: Canadian commodities shop Auspice Capital is riding the recovery in commodities to new highs. Auspice is now up 15% across its trading programs year to date through the end of April, according to a performance update for investors reviewed by Opalesque. Auspice s positive performance builds on the momentum that started last year. The fund ended 2020 up 18.46%. Consensus is building around a commodities super cycle, the fund said in its update. Apart from a brief pause in March, commodities have been on an 11-month runup that looks likely to continue if prices in metals, lumber and other assets are any indication. ....
By Jaryn Vecchio Jan 19, 2021 2:44 PM The potential cancelation of the Keystone XL pipeline may not be as devasting a hit to the energy sector as many currently believe. That’s according to Tim Pickering, CIO of Auspice Capital, who spoke on Fort McMurray Matters on Tuesday to discuss the future of the project. CBC News first reported incoming U.S. President Joe Biden planned to rescind the pipeline’s permit on his first day in office later this week. Pickering says Keystone was more of an added benefit instead of a need as all the barrels would be landlocked. “If we got full global access, tidewater access… the long-term benefit is far greater.” ....