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Alternative Market Briefing

CTAs gain in April as U.S. sanctions against Russian oligarchs impact commodity prices

Wednesday, May 16, 2018

Komfie Manalo, Opalesque Asia:

The Barclay CTA Index posted a modest 0.23% gains in April with year-to-date performance still down at -1.42%, BaryclayHedge said in its latest report.

BarclayHedge founder and president Sol Waksman commented, "New US sanctions targeting Russian oligarchs pushed aluminum prices to six-year highs, while crude oil prices rose to their highest level in four years after threats of US withdrawal from the Iran nuclear deal stoked fears of increasing Mideast instability."

The Currency Traders Index gained 0.71% last month, while Discretionary Traders rose 0.63%, Diversified Traders added 0.24%, and the Systematic Traders Index jumped 0.07%.

"In spite of a profitable outcome for the month, it wasn't all smooth sailing," Waksman added. "April's turbulence in the grain complex was highlighted by mid-month price reversals, which created a challenging environment for momentum traders. Bullish positions in the British pound were profitable until mid-month, but once prices started to decline it quickly turned into a rout."

The Financials and Metals Traders Index lost 0.34% during the, and agricultural traders gave up 0.15%.

After four months in 2018, the Discretionary Traders Index has gained 2.93%, agricultural traders are up 1.96%, and currency traders have gained 1.43%.

The Diversified Traders Index is down 1.80% year to date, ......................

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