Wed, May 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CTAs experience continued inflows despite choppy markets - Newedge

Friday, August 10, 2012

Bailey McCann, Opalesque, New York:

CTAs have had a rough ride this year. After a strong start in January, losses in March eliminated any early gains and pushed the strategy into negative territory. New research from Newedge CTA Indices shows that CTAs rebounded in May, only to have the worst month since October 2011, in June. According to the report, the last trading day in June had the worst single day performances for the indices since May 2011, with the Newedge CTA Index losing -1.73%, and the Trend Sub Index losing -3.12%. The Newedge CTA Index finally ended down -0.83% for the first six months.

Other notable findings in the report include, March to 20th April which saw the Newedge CTA Index down 5 weeks running, which is particularly unusual. This has only happened 5 times since index inception in January 2000, and the last time was December 2009. Also during a similar period, "11 week period spanning March, April, and May 2012, the Newedge CTA Trend Sub Index had negative performance in 9 out of 11 weeks. This is also extremely unusual, only having been observed twice before in the index data: Apr/May/Jun 2004, and Mar/Apr/May 2009," the report says.

Despite these broad based fluctuations in the strategy, investor inflows continue according to James Skeggs, Head of Research EMEA – Alternative Investment Solutions Prime Clearing Services, Newedge, "there has been a lot of money coming in, to the top managers but we are also seeing money trickle down to small......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven