Opalesque Industry Update - Newedge reports that nine of the 11 Newedge Hedge Fund Indices experienced gains in October, including the Newedge CTA, Trend, and Short-Term Indices. Trend-following strategies, as represented by the Newedge Trend Index, faired particularly well, finishing the month up 2.55%. |
In the Newedge CTA Index, seven of the month’s top 10 performers employ trend-following strategies.
The top YTD performer of 2013 through October remains the Newedge Commodity Trading Index (Equity), which has returned 17.72% over the 10-month period.
Some of the top performing hedge funds during October included:
The Newedge CTA Index:
The Newedge Trend Index, which is equally weighted, calculates the daily rate of return for a pool of the largest 10 trend following-based CTAs that are willing to provide daily returns and are open to new investment.
The Newedge Trend Indicator is a market based performance indicator designed to have a high correlation to the returns of trend following strategies.
The Newedge Short-Term Traders Index is designed to track the daily performance of a portfolio of the largest 10 short-term, diversified CTAs who have a holding period shorter than 10 days, are willing to provide daily returns and are open to new investment.
The Newedge Commodity Trading Index includes funds that utilize a variety of investment strategies to profit from price moves in commodity markets. Managers may typically use either a trading orientated approach, typically involving the trading of physical commodity products and/or of commodity derivative instruments in either directional or relative value strategies; or long short equity strategies focused on commodity related stocks.