October was the opposite of September in every sense. After brushing off contagion concerns from China’s Evergrande, the stock market jumped into a risk-on environment. U.S. stock prices reached new all-time highs, providing a good reminder that even “non-correlated” assets may occasionally move in the same direction. Commodity trend traders enjoyed strong trends in energy, grains, and soft commodities like coffee and cotton. This isn’t always the case but it feels nice to see positive numbers across the board for every mutual fund we track — our hats off to the trend traders. Be sure to check out our 21 link field guide that dives into trend-following, commodities and inflation here.
Q3 2021 hedge fund letters, conferences and more
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | 3.72% | 12.26% | $94,642,483 |
| Rational Equity Armor Fund Instl | HDCTX | 4.69% | 12.91% | $72,010,720 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | 5.10% | 11.15% | $15,034,795 |
| Certeza Convex Core A | CNVEX | 5.76% | 23.10% | $5,291,336 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | 7.24% | 4.40% | $10,548,913 |
| Standpoint Multi-Asset Institutional | BLNDX | 4.98% | 22.89% | $126,089,345 |
| Active Fixed Income | ||||
| Catalyst/Stone Beach Income Opp I | IOXIX | 0.05% | -3.48% | $23,472,523 |
| Catalyst Multi-Strategy I | ACXIX | 3.22% | 6.64% | $4,668,802 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | 5.82% | 14.81% | $62,965,364 |
| Astor Macro Alternative I | GBLMX | 0.91% | 0.57% | $45,411,116 |
| Catalyst/Teza Algorithmic Alloc I | TEZIX | 7.76% | -0.76% | $6,437,772 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | 0.37% | 5.84% | $98,193,154 |
| AlphaCentric Premium Opportunity A | HMXAX | 2.04% | 6.52% | $196,714,515 |
| Rational Tactical Return Instl | HRSTX | 0.34% | 3.87% | $272,761,583 |
| Commodities | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | 6.53% | 17.44% | $3,172,813,620 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | 6.47% | 36.56% | $8,116,302 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | 3.41% | 29.95% | $253,430,937 |
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | 2.42% | 25.77% | $185,478,546 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | 3.08% | 15.01% | $19,459,274 |
Article by RCM Alternatives
