Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index gains 0.24% in June (-1.04% YTD); currency and agricultural traders lead the pack

Monday, July 19, 2010
Opalesque Industry Updates - Managed futures gained 0.24% in June according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.04% for the first six months of 2010.

“Risk aversion driven by concerns of a ‘double-dip’ recession helped push global bond prices higher again in June, providing profitable trading opportunities for managers favoring the long side of the interest rate markets,” says Sol Waksman, founder and president of BarclayHedge.

Four of Barclay’s six managed futures sectors had gains in June. The Barclay Financial & Metals Traders Index was up 0.28%, Discretionary Traders gained 0.14%, Agricultural Traders were up 0.10%, and Diversified Traders rose 0.09%.

Currency traders had a difficult month, as the Barclay Currency Traders Index lost 0.51% in June.

“Although the Euro continued its downtrend against the US Dollar, solid rallies in Yen, Sterling and Swiss Franc exchange rates versus the Dollar created tricky cross-currents for traders to navigate,” says Waksman.

The largest managed futures traders lost ground in June, falling 0.36% as measured by the Barclay BTOP50 Index. The BTOP50 is down 1.27% after six months.

Currency Traders are up 2.13% after the first two quarters of 2010, and Agricultural Traders have gained 2.11%.

Diversified Traders have lost 2.90% year-to-date, and Systematic Traders are down 1.53%.

“During the first half of 2010, diversification across the various market sectors has not been beneficial for CTAs,” says Waksman. “The best performance has been in currencies and the agricultural sector.”

Source

kb

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style