Thu, May 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index gains 0.48% in December; Managed Futures down 1.64% in 2012

Tuesday, January 15, 2013
Opalesque Industry Update: Managed futures gained 0.48% in December according to the Barclay CTA Index compiled by BarclayHedge. The Index ended 2012 with a loss of 1.64%.

“The main drivers of returns last month were the uptrend in global equities and the continued weakening of the Japanese yen,” says Sol Waksman, founder and president of BarclayHedge.

Seven of Barclay’s eight CTA indices had a positive return in December. The Diversified Traders Index was up 0.58%, Systematic Traders gained 0.58%, Financial & Metals Traders added 0.57%, and Currency Traders gained 0.35%.

The only losing strategy in December was the Agricultural Traders Index, which was down 0.57% for the month.

“Wheat prices dropped 10.3 percent and corn lost 7.4 percent,” says Waksman. “It was costly if you were positioned on the wrong side of either of these moves."

The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 0.45% in December, but lost 1.84% in 2012.

The Agricultural Traders Index was up 9.82% at the end of August, but after four straight months of losses, ended the year with a return of 5.40%. CTAs trading Agricultural markets were still the most successful managers in 2012.

Currency Traders had a 1.59% return in 2012, and Discretionary Traders were up 1.39% at year end.

On the losing side of the ledger, the Diversified Traders Index gave up 3.94% in 2012, Systematic Traders lost 3.11%, and the Financial & Metals Traders Index was down 2.74%.

For the first time in 33 years, the Barclay CTA Index recorded losses for two years in a row, down 3.09% in 2011, followed by losses of 1.64% in 2012.

“Over the past two years, there have been primarily only two trades to make; either risk-on or risk-off,” says Waksman.

“The main market sectors for CTAs – equities, interest rates, currencies, and commodities – would see prices change direction based on unpredictable government actions and announcements. It’s been a difficult environment for traders.”

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n