Mount Lucas Management's MLM Macro Strategy Posts 52.4% Gain in 2003, Biggest Return Since 2001's 53.1%.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--Jan. 29, 2004 Mount Lucas Management's MLM MLM Multi-Level Marketing MLM Mailing List Manager MLM Marxism-Leninism-Maoism MLM Mid-Level Manager MLM Medical Liability Monitor (newsletter) MLM Multi-Longitudinal Mode MLM Military Liaison Mission Macro(TM) posted a return of 52.4%, net of fees or expenses, for 2003, its strongest performance since 2001's 53.1% return. Mount Lucas, a leading provider of hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" investment programs for institutions and qualified high net worth investors, attributes the strong performance in 2003 to early bets on the accelerating economic recovery in the U.S. and the impact of China's increased demand for physical commodities. Tim Rudderow, President of Mount Lucas, attributes the overall success of the firm's global macro strategy Global Macro Strategy A hedge fund strategy that bases its holdings--such as long and short positions in various equity, fixed income, currency, and futures markets--primarily on overall economic and political views of various countries (macroeconomic principles). to the investment style of its four principals, who combine expertise in fixed income, global equities, currencies and commodities throughout the world with quantitative and discretionary trading strategies that maintain a diversified portfolio of mostly exchange traded investments. But, he notes, commodities are the key to the China market right now. "Success as a China investor requires a deep understanding of China's voracious voracious said of appetite. See polyphagia. appetite for physical commodities like energy and grain, as well as the increasingly close relationship, through outsourcing and manufacturing ties, between the U.S. and Chinese economies. We anticipate that these trends will accelerate in 2004." About Mount Lucas Management Mount Lucas Management Corporation (www.mtlucas.com) addresses investors' needs for greater portfolio diversification Portfolio diversification Investing in different asset classes and in securities of many issuers in an attempt to reduce overall investment risk and to avoid damaging a portfolio's performance by the poor performance of a single security, industry, (or country). , higher returns for a given level of risk, transparency, liquidity, easy access and reasonable fees. Founded in August 1986, Mount Lucas provides global hedge fund strategies and futures investment programs to institutional investors and high net worth investors. As leaders in futures, equities and fixed income trading, research, investment accounting and the organization and management of successful alternative investment strategies, the firm's principals create and oversee proprietary investment vehicles, including two price-based indexes, the MLM Index(TM) and the MLM Global Index(TM), and MLM Macro(TM), a global macro The term global macro is used to classify the strategy of certain hedge funds—those that take large leveraged positions in financial derivatives, on the basis of forecasts about interest rate trends, movements in the general flow of funds, political changes, government investment strategy. Mount Lucas is headquartered in Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. . |
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