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Barclay CTA Index down 1.31% in May (+0.61% YTD); most traders give back April gains

Tuesday, June 18, 2013
Opalesque Industry Update: Managed futures lost 1.31% in May according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 0.61% year to date.

“May’s trend reversal in global interest rates coupled with a 12 percent mid-month decline in the Nikkei fueled losses for roughly two-thirds of the CTAs in the BarclayHedge database,” says Sol Waksman, founder and president of BarclayHedge.

Six of Barclay’s eight CTA indices had losses in May. The Diversified Traders Index was down 1.43%, Systematic Traders lost 1.21%, and Financial & Metal Traders gave up 1.02%.

“A stronger USD and reduced demand from China weighed on commodity prices and drove the DJ UBS Commodity Index down 2.2 percent in May,” says Waksman.

Only two Barclay CTA indices had gains in May. The Currency Traders Index was up 0.60% and Agricultural Traders added 0.06% for the month.

“As the USD strengthened against commodity-based and emerging markets currencies, currency traders were provided with ample profit opportunities,” says Waksman.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 1.37% in May.

BarclayHedge

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