Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Managed futures fall -1.31% in June; CTA performance weak after two quarters

Tuesday, July 19, 2011
Opalesque Industry Update - Managed futures lost 1.31% in June according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is down 1.51%.

Seven of Barclay’s eight CTA indices had losses in June. The Barclay Diversified Traders Index dropped 2.24%, Systematic Traders were down 1.97%, Agricultural Traders lost 0.11%, and Currency Traders were down 0.35%.

“The only thing that went up in June was volatility,” says Sol Waksman, founder and president of BarclayHedge. “Three major trends are creating a deep underlying uncertainty that is driving this volatility.”

“The first issue is loose money in developed markets in an attempt to bolster business growth. The second is aggressive tightening in emerging markets to ward off inflation. And finally, we have the inability of political leaders in the US and Europe to come to grips with the seriousness of the deficit issues their nations are facing.”

Year-to-date, only three managed futures strategies are in positive territory. The Barclay Discretionary Traders Index has gained 1.96%, Agricultural Traders are up 2.15%, and Currency Traders have gained 0.72%.

Diversified Traders have lost 3.34% in the first two quarters of 2011, and Systematic Traders are down 3.14%. The Financial/Metal Traders Index is nearly even, with a loss of 0.06%.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 1.09% in June, and is down 2.88% after six months in 2011.

(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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed