CAMPBELL ALTERNATIVE ASSET TRUST
MONTHLY REPORT - October 2007
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STATEMENT OF CHANGES IN NET ASSET VALUE
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Net Asset Value (23,181.324 units) at September 30, 2007 $ 38,229,923
Additions of 43.195 units on October 31, 2007 75,398
Redemptions of (59.407) units on October 31, 2007 (103,687)
Offering Costs (30,440)
Net Income - October 2007 2,260,728
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Net Asset Value (23,165.112 units) at October 31, 2007 $40,431,922
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Net Asset Value per Unit at October 31, 2007 $ 1,745.38
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STATEMENT OF INCOME (LOSS)
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Income:
Gains (losses) on futures contracts:
Realized $ 210,746
Change in unrealized 199,951
Gains (losses) on forward and options on forward contracts:
Realized 84,461
Change in unrealized 1,742,648
Interest income 133,956
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2,371,762
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Expenses:
Brokerage fee 104,034
Performance fee 0
Operating expenses 7,000
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111,034
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Net Income (Loss) - October 2007 $ 2,260,728
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FUND STATISTICS
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Net Asset Value per Unit on October 31, 2007 $ 1,745.38
Net Asset Value per Unit on September 30, 2007 $ 1,649.17
Unit Value Monthly Gain (Loss) % 5.83%
Fund 2007 calendar YTD Gain (Loss) % (3.86)%
To the best of my knowledge and belief, the information contained herein is
accurate and complete.
/s/ Theresa D. Becks
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Theresa D. Becks, Chief Executive Officer
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust
Prepared without audit
Dear Investor,
Profits from Currency trading dominate in October
Mixed messages dominated trading in October as corporate earnings' reports
either beat estimates or severely disappointed, money center and investment
banks continued grappling with major credit related losses, housing data
continued to soften, and the FOMC complied with market expectations with a 25
basis point cut on the last day of the month.
Gains from currency trading led the way in October as the US Dollar continued
its descent - breaching historic support levels. High yielding currencies
continued to battle back from August lows and Campbell benefited from its
positive positioning to the global risk environment.
Additional gains were recorded from trading in global equity indices, despite
intra-month volatility. US markets finished strongly, with the NASDAQ 100
leading the charge, Europe continued to move higher (albeit at a slower pace),
and Asian stock indices traded within a 7% range only to finish flat.
Fixed Income trading finished flat with yields at month end falling across the
curve as credit quality remained an underlying concern. Energy and base metals
trading finished slightly lower as the tight supply demand picture has been
coupled with a deteriorating geo-political landscape, a weakening dollar and
strong growth from India & China.
As always, we remain committed to a disciplined, systematic approach to managing
your investment. Please do not hesitate to contact me if you have any questions.
Sincerely,
Terri Becks
President & CEO
Campbell & Company, Inc.
Managing Owner
Campbell Alternative Asset Trust