Sat, Oct 22, 2016
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.”



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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion