Super Carry Goes Ballistic as Oil Price Is Atrocious
- Commodity carry at record high as front-end contract plunges
- Strategy is popular among commodity and risk premia investors
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An oil collapse for the history books has turbocharged a normally dull quantitative strategy to records.
An investing style known as commodity curve carry -- betting on longer-dated futures and against shorter-dated contracts -- has jumped to its highest since at least 2004 after eight straight weeks of unusually sharp gains, according to a Macquarie Group Ltd. index.