Opalesque Industry Update - Managed futures gained 1.90% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 2.45% after three quarters in 2010.|
“The best September for equities since WW II, a robust rally in commodities, and a deteriorating US Dollar all joined forces to create a profitable trading environment for CTAs,” says Sol Waksman, founder and president of BarclayHedge.
All of Barclay’s eight CTA indices had gains in September. The Barclay Diversified Traders Index gained 3.20%, Agricultural Traders were up 2.94%, Systematic Traders rose 2.29%, and Discretionary Traders gained 2.04%.
“Aided by a weakening US Dollar, prices for crude oil and its refined products, precious and industrial metals, and most grain markets surged during the month, fueling a more than eight percent rise in the Reuters CRB Commodity Index,” says Waksman.
“Seventy-three percent of the CTAs who have reported returns for September recorded a profitable month.”
The Barclay Agricultural Traders Index leads all managed futures strategies in 2010. After three quarters, Agricultural Traders have gained 7.33%. Currency Traders are up 2.89%, and Financial & Metals Traders have gained 2.86%.
The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 1.64% in September, and has gained 4.59% in the first nine months of 2010.