News & Insights

Signia’s Ammalan Annalingam, Co-Head of Multi-Asset Investments, responds to Citywire's 'best call in a crazy H1'

Ammalan Annalingam

Published 19/06/2020

Read all articles by Ammalan Annalingam >>

Signia’s Ammalan Annalingam, Co-Head of Multi-Asset Investments, responds to Citywire's 'best call in a crazy H1'

Citywire's Wealth Manager asks eight wealth managers to comment on their best call in a crazy H1.

Ammalan Annalingam, Co-Head of Multi-Asset Investments responds...

The 16-day period from 19 February holds the dubious honour as being the start of the fastest bear market in history.  Therefore it may sound strange, but there have been a number of positions which have worked well in our portfolios.

Historic levels of stimulus have supported markets since the nadir but we hold some typically uncorrelated positions, which have made gains.  We hold a commodity futures curve typically being in contango (upward sloping) due to insurance and storage costs.

As oil prices plunged, the curve went into steep contango sending the price of our position up more than 50% in the year to date at one point.  In addition to this, we have been long gold for almost a year which has benefited from lower bond yields and we have exposure to US yield curve steepening, which has just started to become profitable.

Read the full article here

Let's start the conversation

We can help you to administer your global wealth; from managing your investments to setting a cross-border strategy for your current and future generations or investing for a social impact. Whatever your needs we will work with you to find a solution, call us on +44 (0)20 7298 6060.

© SIGNIA WEALTH 2020

SIGNIA WEALTH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY