| Recent Program PerformanceOur intraday trading component has continued to weigh on overall performance, primarily due to a sharp decline in volatility as markets trend higher. In contrast, the multi-day portion of our portfolio remains a strong performer and is positive for the year, though its gains have largely served to offset losses within the Blended program.Historically, upward-trending markets have produced intermittent bursts of volatility—an essential driver of intraday performance. This behavior is expected, and during such periods we strategically scale back intraday activity and allow multi-day trades to lead. The greater challenge arises when volatility fades abruptly, limiting the systems' ability to recalibrate in real time.While the SG CTA Index is down 6.79% year-to-date, Soaring Pelican is currently outperforming its peers. Nonetheless, we remain focused on recouping recent losses, having already recovered nearly 1.5% since the end of July.https://wholesale.banking.societegenerale.com/en/prime-servi... |
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