Sun, Jan 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index down 1.21% in March (-0.23% YTD); two-thirds of CTAs report losses

Tuesday, April 17, 2012
Opalesque Industry Update: Managed futures lost 1.21% in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 0.23% after the first three months of 2012.

“Losses for March were widespread, as 66 percent of reporting managers ended the month in the loss column,” says Sol Waksman, founder and president of BarclayHedge.

“The river of red was wide, but fortunately it wasn’t deep.”

Six of Barclay’s eight CTA indices lost ground in March. The Barclay Diversified Traders Index dropped 1.85%, Systematic Traders were down 1.59%, Financial & Metals Traders lost 1.05%, and Currency Traders slipped 0.38%.

“US equity markets moved higher for another month, but gains from long positions in this sector were not enough to overcome losses in the other sectors,” says Waksman.

“Commodity prices moved lower on concerns of slowing in China, which in turn negatively impacted currencies of countries that are large exporters of commodities. Prices for US Treasuries also dropped in March.”

On the positive side of the ledger, the Barclay Agricultural Traders Index gained 1.80% in March, and Discretionary Traders added 0.39%.

“Discretionary traders are not as dependent on momentum driven trends as most other CTAs, and were able to eke out a profit in a difficult month,” says Waksman.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, dropped 1.66% in March, cancelling out gains of 0.61% and 0.60% in the first two months of 2012. At the end of the first quarter, the BTOP50 is down 0.46%.

BarclayHedge

Press Release

BM

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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r