The China futures markets have developed over the past 30 years into some of the largest and most influential futures markets globally, trading traditional as well as esoteric contracts.

Historically, regulatory controls have prevented offshore investors gaining exposure to the uncorrelated returns this highly liquid, yet still inefficient, market can offer.

A number of western CTA managers (e.g. Winton, MAN, Aspect, Systematica) have been running onshore programs for several years. Recent regulatory changes have allowed global investors some limited access to these interesting markets, however, the new capacity has been soaked-up by their existing key institutional investors.

C8 is relatively unique in its position of being independent add well established in the market with a 4+ year track record and local presence, with capacity available to offer to investors and managers alike.

C8 China Onshore Futures Access Full Version Sep 22

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Thoughts From The Divide: Tricks

BY JON WEBB
Perhaps it’s just us, but as the spooky season returns and jack-o-lanterns bedeck porches, we notice that markets and commentators also seem a bit skittish. Maybe it’s the looming election, or perhaps the geopolitical horror shows, but folk seem surprisingly easy to spook. Case in point was the hullabaloo around the $44bn jump in US (government) debt. The hue and cry of folk such as ZeroHedge were enough to get more mainstream interest, including the owner of X and a son of FP Trump, to take notice. The jump is seasonal, as Constan and others pointed out, rather than some ghoulish trick, but of course it’s easy to make fun of those who took fright. But perhaps this misses the point about horror movies. Some argue that the genre works for some because it allows them to push their boundaries and learn the limits of their fears. If that describes you, we recommend reading the CBO Long-Term Budget Outlook. For others, referred to as “dark copers”, the appeal of horror movies might lie in “anxiety or fear that they’re feeling in their life, and they use scary genres like horror to kind of work through those feelings”. Read more →

C8 Currency Compass – “Don’t be a PANICAN” Pres Trump – April 2025

BY JON WEBB
After the tariff announcement, there was an initial USD drop on the risk that the US finds itself isolated, then a flight to the USD on risk aversion.  Interestingly, our FX models, which have been bearish on the USD since the start of January, are broadly positive USD for April.  In particular, reversing to short positions in AUD and NZD, which as commodity producers are most impacted by increasing recession risks. In the medium term, the USD remains vulnerable, with a weaker USD seemingly a policy goal for the Administration, but, as the shock of the tariff announcements work through the markets, the USD can have a period of strength first. Read more →

C8 Weekly Bulletin: Trick or Treat for ‘Long Only’?

BY ROBERT MINIKIN
This week’s Fed meeting will be watched closely for hints of a policy pivot following reports that some officials favour slower policy tightening and amidst a revival in global risk appetite. In this Bulletin we take a look at the recovery in the performance of 'long only' strategies on the C8 platform. Read more →
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