Industry Updates

Newedge' STTI down 0.34% in March, -0.72% YTD, CTA index up 2.51%, 2.01%YTD

Thursday, April 08, 2010

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

“Overall, CTAs had a strong month in March as indicated by the performance of the Newedge CTA Index. This was mainly due to their long equity market and short fixed income exposure. In contrast, it was not a conducive market environment for most short-term trading strategies,” according to Brian Walls, Director of Investor Research, Newedge Prime Brokerage.

The AlternativeEdge Short-Term Traders Index (STTI) finished the month of March down -0.34 percent (-0.72 percent YTD). The Newedge CTA Index posted a positive return for the month of March up 2.51 percent (2.01 percent YTD).

The STTI’s top performers for the month of March included:

• Revolution Capital Management (Mosaic): est. 11.31 percent
• Conquest Capital Group (Macro): est. 2.67 percent
• Dominion Capital Management (Sapphire): est. 1.74 percent

The Newedge CTA Index top performance for the month of March included:

• Transtrend (Admiralty Fund): est. 7.37 percent
• Millburn Ridgefield (Nestor Partners): est. 6.24 percent
• Altis Partners (GFP Composite): est. 5.03 percent

Newedge Prime Brokerage: 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.

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