Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index down 0.53% in February; currency traders gain from stronger US Dollar (+0.77% YTD)

Wednesday, March 13, 2013
Opalesque Industry Update: Managed futures lost 0.53% in February according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 0.77% year to date.

“A combination of trend reversals and downdrafts across the major futures markets made the task of extracting profits more difficult in February,” says Sol Waksman, founder and president of BarclayHedge.

Four of Barclay’s eight CTA indices had negative returns in February, while four indices gained ground. The Diversified Traders Index was down 0.93%, Systematic Traders lost 0.69%, and the Financial & Metal Traders Index slid 0.07%.

“Commodity markets were down, interest rates reversed trend toward the end of the month, and equity trading required getting the country and the direction right in order to come out ahead,” says Waksman.

The Currency Traders Index gained 0.51% in February, Discretionary Traders added 0.11%, and Agricultural Traders were up 0.10%.

“Currency traders had the benefit of the wind to their backs from a rising US Dollar as a gridlocked election in Italy weakened the EUR and concerns over further easing by The Bank of England triggered selling in the GBP,” says Waksman.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 0.18% in February.

All eight CTA strategies monitored by BarclayHedge are in positive territory thus far in 2013. After two months, Diversified Traders are up 1.00%, Currency Traders have gained 0.98%, and Agricultural Traders have added 0.93%.

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. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  2. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  3. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  4. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner