According to Tony Gannon, the veteran Dublin fund manager, there were three distinct performance phases for the managed futures industry last year. In a recent update to investors of his Dublin alternative fund manager Abbey Capital, Gannon said the first phase ran from January to May, when, driven by a theme of “reflation”, performance was particularly strong. The Delta variant dominated the second phase, when concerns over growth and inflation, combined with mixed economic data, caused difficult trading in bonds and currencies. In Gannon’s view, the third phase, from September to December, was dominated by surging energy markets, inflation, and…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .