January 2010 Monthly Report
February 12 2010 - 2:00AM
UK Regulatory
TIDMCROP
RNS Number : 0269H
Ceres Agriculture Fund Limited
12 February 2010
Ceres Agriculture Fund -
Release of January 2010 Monthly Report
The Ceres Agriculture Fund Limited ("Ceres"), the Guernsey domiciled,
closed-ended investment company established to invest in an actively managed
portfolio of exchange-traded agricultural commodity contracts and derivatives
managed by FourWinds Capital Management is pleased to announce its results for
the month of January 2010.
Overall Ceres gained 1.58% during the month leading to a composite annualised
return of -0.46%. This was primarily driven by strong performance in grains,
livestock and tropicals.
Due to investor inquires about NAV, the Company will now be providing NAV and
performance calculation to 4 decimals places. Historical numbers will be
updated to reflect this increase in detail. Official NAV's will continue to be
rounded to 2 decimal places.
A summary of performance is shown below.
Performance (USD Ordinary Shares):
+----------+------------+------------+-------------+
| DATE | Official | NAV/share | Fund |
| | Rounded | to four |Performance |
| |NAV/share* |decimals** | |
+----------+------------+------------+-------------+
|31/12/07 | 1.02 | 1.0170 | 1.70% |
+----------+------------+------------+-------------+
|31/01/08 | 1.03 | 1.0321 | 1.48% |
+----------+------------+------------+-------------+
|29/02/08 | 1.06 | 1.0558 | 2.30% |
+----------+------------+------------+-------------+
|31/03/08 | 1.04 | 1.0410 | -1.40% |
+----------+------------+------------+-------------+
|30/04/08 | 1.05 | 1.0452 | 0.21% |
+----------+------------+------------+-------------+
|31/05/08 | 1.05 | 1.0496 | 0.41% |
+----------+------------+------------+-------------+
|30/06/08 | 1.09 | 1.0903 | 3.88% |
+----------+------------+------------+-------------+
|31/07/08 | 1.07 | 1.0718 | -1.70% |
+----------+------------+------------+-------------+
|31/08/08 | 1.07 | 1.0706 | -0.11% |
+----------+------------+------------+-------------+
|30/09/08 | 1.05 | 1.0478 | -2.13% |
+----------+------------+------------+-------------+
|31/10/08 | 1.04 | 1.0422 | -0.54% |
+----------+------------+------------+-------------+
|30/11/08 | 1.04 | 1.0371 | -0.75% |
+----------+------------+------------+-------------+
|31/12/08 | 1.04 | 1.0371 | 0.01% |
+----------+------------+------------+-------------+
|31/01/09 | 1.03 | 1.0291 | -0.77% |
+----------+------------+------------+-------------+
|28/02/09 | 1.02 | 1.0235 | -0.54% |
+----------+------------+------------+-------------+
|31/03/09 | 1.02 | 1.0195 | -0.39% |
+----------+------------+------------+-------------+
|30/04/09 | 1.03 | 1.0292 | 0.62% |
+----------+------------+------------+-------------+
|31/05/09 | 1.05 | 1.0456 | 1.60% |
+----------+------------+------------+-------------+
|30/06/09 | 1.03 | 1.0322 | -1.28% |
+----------+------------+------------+-------------+
|31/07/09 | 1.03 | 1.0257 | -0.63% |
+----------+------------+------------+-------------+
|31/08/09 | 1.01 | 1.0148 | -1.06% |
+----------+------------+------------+-------------+
|30/09/09 | 1.01 | 1.0112 | -0.36% |
+----------+------------+------------+-------------+
|31/10/09 | 0.98 | 0.9834 | -2.74% |
+----------+------------+------------+-------------+
|30/11/09 | 0.98 | 0.9770 | -0.67% |
+----------+------------+------------+-------------+
|31/12/09 | 0.98 | 0.9779 | 0.05% |
+----------+------------+------------+-------------+
|31/01/10 | 0.99 | 0.9940 | 1.58% |
+----------+------------+------------+-------------+
* Official NAV's are rounded to 2 decimals.
**NAV/share provided to 4 decimals for informational purposes.
Performance Statistics:
+-------------------+---------+----------+
| | Ceres | DJ UBS |
| | | AG TR |
+-------------------+---------+----------+
| Average Monthly | -0.04% | -0.81% |
| Return | | |
+-------------------+---------+----------+
| Largest Monthly | 3.81% | 16.21% |
| Return | | |
+-------------------+---------+----------+
| Largest Monthly | -2.97% | -16.48% |
| Loss | | |
+-------------------+---------+----------+
| Comp. Annualised | -0.46% | -9.29% |
| Return | | |
+-------------------+---------+----------+
| Percent Winning | 65% | 54% |
| Months* | | |
+-------------------+---------+----------+
| Sharpe Ratio (5%) | Neg. | Neg. |
+-------------------+---------+----------+
| Standard | 5.54% | 31.26% |
| Deviation | | |
+-------------------+---------+----------+
| Maximum Drawdown | -10.09% | -46.82% |
+-------------------+---------+----------+
| Months in Max | 19 | 23 |
| Drawdown | | |
+-------------------+---------+----------+
| Months to Recover | N/A | N/A |
+-------------------+---------+----------+
* Positive months or flat
Breakdown by sector:
+-------------------+------+
| Grains | 41% |
+-------------------+------+
| Fibers | 3% |
+-------------------+------+
| Tropicals | 15% |
+-------------------+------+
| Livestock | 16% |
+-------------------+------+
| Other | 14% |
+-------------------+------+
| Cash | 11% |
+-------------------+------+
Breakdown by strategy:
+-------------------+------+
| Discretionary | 85% |
| Trading | |
+-------------------+------+
| Systematic | 4% |
| Trading | |
+-------------------+------+
| Cash | 11% |
+-------------------+------+
Trade horizon allocation:
+-------------------+------+
| Short term | 30% |
+-------------------+------+
| Medium term | 41% |
+-------------------+------+
| Long term | 18% |
+-------------------+------+
| Cash | 11% |
+-------------------+------+
Contribution by sector (during the month):
+-------------------+--------+
| Grains | 1.07% |
+-------------------+--------+
| Fibers | -0.02% |
+-------------------+--------+
| Tropicals | 0.30% |
+-------------------+--------+
| Livestock | 0.28% |
+-------------------+--------+
| Other | -0.05% |
+-------------------+--------+
A full report is available on the Company website: www.ceresagriculture.com
Further enquiries:
FourWinds Capital Management, Investment Manager and Co-Placing Agent
Kimberly Tara info@fourwindscm.com
Cenkos Securities plc, Corporate Broker
Will Rogers +44 (0)20 7397 1920
Dion Di Miceli +44 (0)20 7397 1921
HSBC Securities Services (Guernsey) Limited, Administrator
Tel: +44 (0) 1481 707 000
Citigate Dewe Rogerson, PR Advisor
Sarah Gestetner /Lindsay Noton +44 207 638 9571
Ceres is a Guernsey-domiciled Authorised Closed-ended investment scheme pursuant
to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as
amended and rule 6.02 of the Authorised closed-ended Investment Schemes Rules
2008.
End.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFVFFFILLII
Ceres Agricul. (LSE:CROP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Ceres Agricul. (LSE:CROP)
Historical Stock Chart
From Aug 2023 to Aug 2024