Mon, Feb 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index +0.09% in July on weakened dollar (-0.91% YTD)

Wednesday, August 18, 2010
Opalesque Industry Update - Managed futures gained 0.09% in July according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index has lost 0.91%.

“As market participants moved from a risk-avoidance posture to a more risk-seeking strategy in July, many traders were caught on the wrong side of a rally in global commodities,” says Sol Waksman, founder and president of BarclayHedge.

“Even with the negative impact of commodity losses on portfolio returns, July provided its fair share of profitable trades for CTAs.”

“The rally in wheat amid fears of shortages in Russia captured the attention of the press and drove prices 30 percent higher. If you got the wheat trade right, then it was a very good month.”

Six of Barclay’s eight managed futures indices had a positive return in July. Currency Traders gained 0.64%, Discretionary Traders were up 0.52%, Agricultural Traders gained 0.51%, and Financial & Metals Traders rose 0.31%. “The continuing rally in bond prices and an across-the-board weakening of the US Dollar against G-10 currencies during July provided profitable trend trading opportunities for portfolios invested in those sectors, ” says Waksman. The Diversified Traders Index lost 0.17% in July. The Barclay BTOP50 Index, which monitors performance of the largest traders, was down 0.77% in July.

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed