Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Newedge Short-Term Traders Index down 2.14% in December (-4.06%YTD), CTA index -3.18% (-4.23% YTD)

Friday, January 08, 2010
Opalesque Industry Updates – Newedge, a leader in global brokerage, today posted the monthly performance data for its Alternative Edge Short-Term Traders and CTA Indices.

The AlternativeEdge Short-Term Traders Index (STTI) finished the month of December down -2.14 percent and finished 2009 down -4.06 percent. The STTI’s top performers for the year included:

- Banyan Capital Management: est. 11.55 percent
- Quantitative Investment Management (Global): est. 11.04 percent
- Ion Asset Architecture: est. 5.60 percent

“It was a difficult market environment for most of the short-term space which culminated in December being the worst month in the index’s history. That being said, the index was representative of the space and the diversification benefit achieved through the low average pairwise correlation of the index constituents helped to maintain a low level of volatility,” according to Brian Walls, Newedge Index Committee Chairman.

The Newedge CTA Index posted a negative return for the month of December down -3.18 percent and finished 2009 down -4.23 percent.

The STTI and Newedge CTA Index were rebalanced and reconstituted on January 1, 2010. For an updated list of constituents Source.

The AlternativeEdge Short-Term Traders Index is designed to track the daily performance of a portfolio of short-term, diversified CTAs who have less than a 10-day average holding period, are willing to provide daily returns and are open to new investment. The Newedge CTA Index, which is equally weighted, calculates the daily rate of return for a pool of the largest CTAs that are willing to provide daily returns and are open to new investment.

Newedge, a 50/50 joint venture between Société Générale and Calyon, is a global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products.


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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November