PAM MFSP Weekly Update – 9 October 2026

Performance Overview

For the week ended 9 October 2026, MFSP Class A and B posted weekly performances of -0.47% and -0.47%, respectively. Month-to-date returns stood at 2.26% and 2.09%, while year-to-date return 20.49% and 18.58%.

Sector Analysis

Agriculturals: The agricultural sector was the largest contributor over the week, led by long positions in sugar No.11 and white sugar No.5 and a short corn position, partially offset by losses from a long Capesize freight position and a long crude palm oil position.

Energy: The energy sector was the second-largest contributor over the week, led by long positions in Dutch Ttf natural gas, Brent crude oil, Phelix DE baseload power, and Uk emissions allowances, partially offset by a loss from a short Henry hub natural gas position.

Foreign Exchange: Currency positions were the third-largest contributor over the week, led by a long Brazilian real/usd position and a short Euro/usd position, partially offset by losses from long Euro/Swiss franc and long Euro/Swedish krona positions.

Interest Rates: Interest rate positions were the largest detractor over the week, as losses from short Euribor, short 3-month Sofr, short Japanese 10-year government bond, and short Us 10-year t-note positions weighed on the sector.

Metals: Metals contributed modestly over the week, led by a short palladium position.

Equities: Equities were marginally negative over the week, weighed down by a short Utilities Select Sector Spdr position and long semiconductor stocks.