Tue, Oct 17, 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad