Wed, May 15, 8:46 PM (304 days ago)
LoCorr Futures Portfolio Fund's Q1 2024 financial report highlights a significant improvement in performance compared to the same period in 2023. The fund reported a net income of $18.46 million for Q1 2024, a substantial increase from the net loss of $8.23 million in Q1 2023. This turnaround was driven by a net realized and unrealized gain on investments of $20.42 million, compared to a loss of $7.59 million the previous year. Key performance metrics include a 15.47% to 16.26% return across different unit classes, contrasting sharply with the negative returns of -5.00% to -5.64% in Q1 2023. The fund's total assets grew from $121.50 million at the end of 2023 to $138.10 million by March 31, 2024, with partners’ capital increasing to $133.60 million. The fund's strategy involved a mix of long and short positions across various sectors, with notable gains in equities and currencies, although interest rate instruments were a drag on performance. The fund remains well-diversified and dynamically adjusts its positions based on market conditions.