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

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 USA with variable long/short bias were able to take advantage of the earnings season.