Two Sigma Investments’ flagship onshore China fund posted a record monthly gain in July on the back of a commodities rally and is now near the top of returns rankings for the year to date, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the Juliang Macro Strategy No1 fund scored a gain of 6.3% last month, led by winning wagers on a range of futures including soybean meal, taking the managed futures fund’s YTD gain to around 12%.
According to data from Shenzhen PaiPaiWang Investment & Management Co, the performance means the New York-based firm is now one of the top three hedge funds running at least RMB5bn ($687m) locally under a commodity trading advisor (CTA) strategy.
Two Sigma is reportedly looking to raise up to RMB800m for the Juliang macro fund, which already manages about RMB6.2bn, and has racked up annualised returns of around 16% since launching in April 2020.
