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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. www.newedgegroup.com


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