Fri, Apr 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index down 0.53% in February; currency traders gain from stronger US Dollar (+0.77% YTD)

Wednesday, March 13, 2013
Opalesque Industry Update: Managed futures lost 0.53% in February according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 0.77% year to date.

“A combination of trend reversals and downdrafts across the major futures markets made the task of extracting profits more difficult in February,” says Sol Waksman, founder and president of BarclayHedge.

Four of Barclay’s eight CTA indices had negative returns in February, while four indices gained ground. The Diversified Traders Index was down 0.93%, Systematic Traders lost 0.69%, and the Financial & Metal Traders Index slid 0.07%.

“Commodity markets were down, interest rates reversed trend toward the end of the month, and equity trading required getting the country and the direction right in order to come out ahead,” says Waksman.

The Currency Traders Index gained 0.51% in February, Discretionary Traders added 0.11%, and Agricultural Traders were up 0.10%.

“Currency traders had the benefit of the wind to their backs from a rising US Dollar as a gridlocked election in Italy weakened the EUR and concerns over further easing by The Bank of England triggered selling in the GBP,” says Waksman.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 0.18% in February.

All eight CTA strategies monitored by BarclayHedge are in positive territory thus far in 2013. After two months, Diversified Traders are up 1.00%, Currency Traders have gained 0.98%, and Agricultural Traders have added 0.93%.

BarclayHedge

Press Release

BM

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 Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob

  5. Regulatory - 'Fist bumps' at hedge funds over Trump's tax plan[more]

    From Reuters.com: U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesda