Tue, Dec 12, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Futures Intelligence

Managed Futures Index Spotlight

Tuesday, September 17, 2013

iSTOXX Efficient Capital Managed Futures 20 Index

The iSTOXX Efficient Capital Managed Futures 20 Index was down -1.78% in August. All four styles were negative on the month with FX programs struggling the most, generating a loss of -3.0%. Long term, global macro and short term managers posted losses of -2.3%, -1.1% and -0.8% respectively. Markets were initially driven by tapering concerns in the U.S. but focus quickly shifted to the escalating conflict in Syria over the latter portion of the month as fears of a potential US military action drove risk aversion. After posting new all-time highs early in the month, the S&P suffered sharp losses and posted its worst monthly return in over a year. Yields in the U.S. rose steadily with continued expectations that the FED would soon taper its monthly asset purchases. Divergence among central bank policies drove the U.S. dollar higher against most currencies, particularly against those of emerging markets. Commodity markets rallied throughout the month led by gains in soybeans and brent oil as dry weather in North America and increased geopolitical risk in the Middle East drove markets higher. Year-to-date, the index is down -2.88% with only 6 of the managers positive and all four styles in negative territory.

iSTOXX‚® Efficient Capital‚® Managed Futures 20 Index ˘â‚¬˘ January 2001 through August 2013

The index sponsor, STOXX Limited, Switzerland, does not promote any financial instruments which reference to the iSTOXX‚® Efficient Capital‚® Managed Futures 20 Index.

Past results are not necessarily indicative of future results. This is not a solicitation for investment and does not describe all associated risks. Opinions expressed are Efficient Capital's and Opalesque's opinions only



 
This article was published in Opalesque Futures Intelligence.
Opalesque Futures Intelligence
Opalesque Futures Intelligence
Opalesque Futures Intelligence
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  3. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  4. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  5. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa