Mon, Jun 27, 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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider