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Record cocoa prices and market volatility driven by inflation and geopolitical factors have significantly benefited hedge funds employing systematic strategies, leading to their outperformance in the first quarter of the year. The PSI5 TF algorithm, which trades 23 futures including 15 commodities with cocoa among them, reported a year-to-date return of +32.3% in a backtest, highlighting the impact of cocoa's performance on its success. The algorithm has been long on cocoa since March 22, 2023, with entries volatility-adjusted, as noted by industry players and investors.
Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players and investors https://t.co/q54KjvsAZf
Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players and investors. More here: https://t.co/cqDeLi9rMS
Cocoa rally and market tumult hoist systematic hedge funds https://t.co/4LMUAlsbba https://t.co/O5LefsGXJQ
