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July 2015: Altaica EUR-Asia Emerging Fund: -1,82%

By | Altaica Sustainable Equity Long Short

July was a volatile month. Our short position on the Turkey market became the best performing position in the fund, this only after the attack on a Turkish village, which started the involvement of Turkey in the war on IS. Together with the unrest resulting from the attack the instability in Turkish politics – no new government after the last elections – started the downturn of the Turkish market. The recovery program of the Chinese market authorities came effectively into force in July. The crash of the markets stopped and there was even a recovery. However, at the end of the month doubts about the sustainability of the support program in combination with a weakening macro economic environment destroyed the…

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July 2015: Altaica Alpha Strategies Fund: +0,22%

By | Altaica Alpha Strategies

The month of July 2015 was dedicated to get the fund started. The Lyxor Hedge Fund Index (benchmark of our fund) gained 0,7% in July. The gains came from CTA and Global Macro Strategies. After a rough second quarter for CTA strategies July became more trending month for quite some markets. Especially the short positions on commodities are contributing to their performance. We saw losses in the Event Driven and Fixed Income strategies. Their stakes in oil- and mining companies are hurting their returns. Long/Short equity had neutral performance, however there was a wide diversification between the different mangers. Asia-Pacific oriented strategies faced headwind from China’s volatility. Pure market neutral funds also lost some money, the managers in Europe and…

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By | Altaica Sustainable Equity Long Short

We like to share today the opnion article, “INVISIBLE HAND” written by the Economic Commentator of The Telegraph, Liam Halligan. We respects the knowledge and involvement of Liam in Emerging Markets.   BUSINESS NEW EUROPE MAGAZINE, JULY 22ND 2015 OPINION: INVISIBLE HAND BY LIAM HALLIGAN  In early July, the leaders of Brazil, Russia, India, China and South Africa assembled in Ufa, around 700 miles east of Moscow, for the seventh annual Brics summit. Overshadowed by Europe’s currency imbroglio and China’s stock market nosedive – along with the usual plethora of summer sporting events – this diplomatic gathering in the Bashkirian capital deserved far more media attention than it got. Ufa was the most significant Brics summit since the first –…

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