Wed, Aug 14, 5:17 PM (153 days ago)
For the quarter ended June 30, 2024, Grant Park Futures Fund reported a decline in net asset value (NAV) to approximately $30.0 million, down from $32.1 million at year-end 2023, and $36.3 million in June 2023. The fund experienced significant trading losses, with Class A units yielding a negative return of 4.73% compared to a positive return of 9.63% in the same quarter of the previous year. Total net trading losses for the quarter were $1.05 million, primarily driven by adverse movements in futures trading across various sectors, notably energy and interest rates. The fund's cash and cash equivalents decreased to $5.4 million, reflecting a strategic shift in asset allocation, with a focus on maintaining liquidity for redemptions. Despite these challenges, the fund continues to manage risks through diversification and daily monitoring of positions. Future operations may be impacted by ongoing market volatility and regulatory changes, with management emphasizing the importance of adapting strategies to mitigate risks associated with speculative trading. Overall, the financial health of Grant Park Futures Fund indicates a need for cautious navigation in the current market environment.