Sun, Dec 4, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released