Mon, Nov 30, 2015
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)



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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega