PAM MFSP Weekly Update – 12 June 2026

Performance Overview

As of 12 June 2026, MFSP A and B posted weekly performances of -0.35% and -0.35%, respectively. Month-to-date returns stood at -2.59% and -2.75%, while year-to-date returns 20.35% and 19.21%.

Foreign Exchange: Currency pairs saw varied outcomes amid a shifting macro environment. Short positions in commodity and major pairs captured solid performance, with the Canadian dollar/usd and a long position in the Usd/korean won reinforcing gains. On the downside, long exposure to the Swiss/yen (imm) and Australian dollar/usd acted as drags.

Agriculturals: The agricultural sector experienced highly divergent sub-trends. Strategic trend-following in short positions yielded strong gains, led by Soybean meal and Corn, while a short position in Chicago soft red winter wheat added some gain. Long tracking in Live cattle also proved highly profitable. Conversely, long exposure to Soybeans suffered sharp downward pressure, acting as the primary drag, paired with minor negative drags from Soybean oil and a short position in Robusta coffee.

Energy: The energy sector maintained stable positive traction. Systematic short tracking in Henry hub natural gas navigated energy volatility effectively to the MTD performance.

Metals: The metals complex faced persistent macro headwinds across bullion and industrial bulk positions. Short-focused exposure in Palladium was a bright spot. However, long-biased allocations detracted noticeably from performance, with major declines recorded in Platinum, Tsi iron ore cfr china futures, Silver, Platinum (osaka), and Aluminium.



Equities: Within equities, a short position in Adobe systems delivered positive value. In addition, a short position in Ether/usd (cme) capitalized on recent crypto retracements to bring positive return.