Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index gains +2.64% in May (+1.33% YTD)

Wednesday, June 20, 2012

Sol Waksman
Opalesque Industry Update - Managed futures gained 2.64% in May according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 1.92% year-to-date.

“The risk-off trade which started to gain momentum in April moved into high gear in May, allowing CTAs that were properly positioned to have a profitable month,” says Sol Waksman, founder and president of BarclayHedge.

“Signs of slowing in the US and China, coupled with fears of financial contagion in Europe, drove prices for equities and commodities sharply lower while the US dollar and bond prices in ‘safe’ countries rallied strongly.”

Six of Barclay’s eight CTA indices had gains in May. The Diversified Traders Index and the Systematic Traders Index both jumped 3.47%, Financial & Metals Traders were up 2.26%, and Currency Traders added 1.57%.

“The profitable trends in May were set in motion in April, giving diversified and systematic traders ample opportunity to get on board,” says Waksman.

“The Barclay Diversified Traders Index and Systemic Traders Index both recorded respectable gains in May, and now have a small positive return year-to-date.”

On the losing side, the Agricultural Traders Index was down 2.03%, and Discretionary Traders gave up 0.79% in May.

“When markets become over-extended, discretionary traders oftentimes lose out, whereas these conditions present a more profitable scenario for systematic traders,” says Waksman The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 1.84% in May. The BTOP50 is now up 1.13% for the year. Full performance table: Source
PD

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