All hedge fund indices outperformed the S&P 500 last week, with CTAs at the top with a return of 1.7%, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The diversified hedge fund index was up 0.4% last week, while the S&P 500 was down 1.5% on a price returns basis.
Chad Burlet and Bob Otter became friends when Burlet directed the cash/futures convergence trade for Cargill and Otter executed Cargill’s soybean trades on the floor of the CBOT. More than 30 years later that friendship turned into a partnership leading to the creation of Third Street Ag in 2012.
Protec Energy Partners has produced solid risk-adjusted returns over its three-year track record, probably because principals Todd Garner and Andrew Greenberg have been working together for 14 years and both have worked in the energy field for more than 30.