Fri, Aug 28, 2015
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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner