PAM MFSP Weekly Update – 6 February 2026

Performance Overview

As of 6 February 2026, MFSP A and B posted weekly performances of -0.94% and -1.10%, respectively. Month-to-date returns stood at -0.94% and -1.10%, while year-to-date returns 2.61% and 2.28%.

Sector Analysis and Attribution

Metals: The Metals sector showed divergent results compared to previous weeks. A long position in Gold remained profitable. Conversely, other long positions faced headwinds, with Tsi iron ore cfr china futures acting as a notable detractor. Losses were also recorded in Gold (osaka), Platinum (osaka), and Tin.

Energy: The Energy sector provided the top individual performing market for the period. A short position in Henry hub natural gas was the largest single contributor. However, long positions in European energy markets weighed slightly on results, with Eu co2 allowance and Nordic base yearly future recording losses.

Foreign Exchange: This sector delivered positive returns driven by specific currency pairs. A long position in Usd/korean won and a short position in Japanese yen/usd were key contributors. A long position in Swiss/yen also performed well. However, a short position in Indian rupee / usd (sgx) acted as a significant drag.

Agriculturals: The sector saw strength in livestock markets, while grains struggled. Long positions in Lean hogs and Live cattle were profitable. A short position in Milling wheat also contributed positively. On the downside, short positions in the soy complex weighed on the portfolio, with Soybeans and Soybean meal posting losses.

Equities: In stocks, positions declined both in U.S. and Taiwan. A short position in Paypal holdings delivered positive return, while a short position in Stoxx600 food & beverage posed some losses.