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Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November Hedge Fund Spotlight report, citing falling oil and natural gas prices, a decrease in China’s demand for early stage metals, PB’s drop in revenue and Glencore’s drop in share price. Preqin is an alternative assets data and research provider.
In 2014, CTAs generated their highest annualized return (+10.85%)
since 2010 (+15.70%). This run continued into 2015, with gains of 4.2% in the first quarter. But the second quarter, the funds lost 3.7%, and continued losing in the third quarter. As of October 2015, Preqin’s Hedge Fund Analyst shows
that the All-Strategies CTA benchmark is negative for 2015 YTD,
making a loss of 0.39%, behind the Preqin All-Strategies Hedge
Fund benchmark (+2.45% YTD).
Comparatively, the Barclay CTA Index compiled by BarclayHedge is down 1.52% YTD, after losing 0.78% in October. Sol Waksman, founder of BarclayHedge, said, ""A powerful rally in global equities coming on the heels of two consecutive down months found many trend-following CTAs on the wrong side of the market ...................... To view our full article Click here
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