Thu, Jun 21, 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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp