Sun, Oct 23, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index down 0.33% in August (+1.34% YTD)

Wednesday, September 19, 2012
Opalesque Industry Update - Managed futures lost 0.33% in August according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 1.34% year to date.

“Continuation of the three-month uptrends in equity and commodity markets generated profits for many traders, but not enough to overcome the losses caused by trend reversals in currency and bond markets,” says Sol Waksman, founder and president of BarclayHedge.

Six of Barclay’s eight CTA indices had losses in August. The Barclay Systematic Traders Index was down 0.70%, Currency Traders gave up 0.51%, Diversified Traders lost 0.49%, and Financial & Metals Traders slid 0.39%.

“Currency traders were hard hit by an unexpected 2.2 percent counter trend rise in the Euro in anticipation of central bank intervention,” says Waksman.

“Weakness in the Chinese economy spurred a 1.5 percent decline in the Aussie which had previously been a beneficiary of China's demand for commodities.”

On the positive side, Agricultural Traders gained 1.39%, and Discretionary Traders were up 0.69% in August.

The Agricultural Traders Index has been the most profitable managed futures strategy in 2012 with an overall gain of 9.82%. Discretionary Traders have gained 3.31% year to date.

“Prices for agricultural commodities have been driven upward by a severe drought in the US which has devastated corn yields,” says Waksman.

The one losing managed futures strategy in 2012 is the Financial & Metals Traders Index, which is now down 0.70%.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 1.14% in August.

Click here to view 32 years of Barclay CTA Index data: Source


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