Mon, Nov 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index gains 1.48% in August (est) 0.41% YTD

Wednesday, September 15, 2010
Opalesque Industry Update - Managed futures gained 1.48% in August according to the Barclay CTA Index compiled by BarclayHedge.

“Continued weakness in sales of US residential properties and high jobless claims teamed up to diminish investor risk appetites,” says Sol Waksman, founder and president of BarclayHedge.

“Global equity prices declined in both developed and emerging markets while the rally in bond markets continued. The yield on the 10-Year U.S. Treasury Note fell to 2.5 percent in August.”

Seven of Barclay’s eight CTA indices had gains in August. The Barclay Diversified Traders Index gained 2.36%, Systematic Traders rose 1.86%, Financial & Metals Traders were up 1.35%, and Agricultural Traders gained 0.94%.

“Although sharp declines across the energy sector drove the Reuters-CRB Commodity Index almost four percent lower in August, prices for precious and base metals as well as for grains were mostly higher,” says Waksman.

The largest managed futures traders performed especially well in August, pushing the Barclay BTOP50 Index up by 2.85%. This is the best monthly return for the BTOP50 Index since October of 2008.

Currency Traders were the only losing strategy this month, down 0.17% in August.

“Investors turning away from risk in the currency markets created treacherous cross-currents,” says Waksman.

“The US Dollar gained sharply against currencies perceived as weak, such as the Euro and the Canadian dollar, while losing significant ground to perceived safe havens such as the Yen and the Swiss Franc.”

(press release)

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. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  2. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  3. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  4. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  5. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca