Sun, Apr 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Managed futures stumble in October; Barclay CTA Index slides 1.50%

Wednesday, November 16, 2011
Opalesque Industry Update - After four straight months of gains, managed futures lost 1.50% in October according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index is down 2.30%.

"A revival of animal spirits sparked by an improving economic picture and the appearance of a solution for Euro zone sovereign debt problems spawned trend reversals in many of the major futures sectors," says Sol Waksman, founder and president of BarclayHedge.

Six of Barclay’s eight CTA indices had negative returns in October. The Diversified Traders Index lost 2.69%, Systematic Traders were down 2.15%, Financial & Metal Traders lost 0.68%, and Currency Traders slipped 0.03%.

"As sentiment reversed from risk-off in September to risk-on in October, prices for equities and commodities rose while bond prices declined,"; says Waksman.

On the positive side, the Barclay Discretionary Traders Index gained 0.66%, and Agricultural Traders were up 0.26%.

"Since discretionary traders are typically not momentum traders, they usually do better than the crowd during market reversals," says Waksman. The largest CTAs, as measured by the Barclay BTOP50 Index, were hit hard in October, giving up 2.42%. The BTOP50 is down 3.72% in 2011. Full press release:Source

km

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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob