Opalesque Industry Update: Managed futures gained 0.57% in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 1.07% year to date.|
“A decoupling of US growth from global markets and aggressive easing by the Bank of Japan provided the impetus for a profitable month,” says Sol Waksman, founder and president of BarclayHedge.
“Traders that were long US and Japanese equities and short EUR and JPY against the USD enjoyed good returns."
Seven of Barclay’s eight CTA indices had positive returns in March. The Diversified Traders Index gained 0.71%, Systematic Traders were up 0.69%, Financial & Metal Traders added 0.60%, and the Currency Traders Index gained 0.47%.
“On the commodity side, long positions in natural gas and crude oil provided profits, but prices for precious as well as base metals and agricultural commodities declined,” says Waksman. The Agricultural Traders Index was down 0.40% in March, and was the only losing managed futures strategy for the month.
After three months, all eight BarclayHedge CTA indices are in positive territory. The Currency Traders Index has gained 1.51%, Diversified Traders are up 1.42%, and Systematic Traders have gained 1.31%.
The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 0.77% in March, and is currently up 2.48% for the year.