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Barclay CTA Index gains 1.03% in February (+1.32% YTD); volatile currency markets challenge traders

Wednesday, March 19, 2014
Opalesque Industry Update - Managed futures gained 1.03% in February according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.39% in 2014.

“A late-month rally in commodity prices and the continued uptrend in US Treasuries contributed to a profitable month for most CTAs,” says Sol Waksman, founder and president of BarclayHedge.

Five of Barclay’s eight CTA indices had gains in February. The Barclay Diversified Traders Index was up 1.73%, Systematic Traders gained 1.25%, Financial & Metals Traders were up 0.58%, and the Discretionary Traders Index rose 0.24%.

Currency Traders lost 1.17% in February, and the Agricultural Traders Index was down 0.50%.

“Trading the currency markets proved difficult in February, as unanticipated weakening of China’s renminbi and strength of the euro, yen and Australian dollar against the US dollar contributed to losses,” says Waksman.

The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 0.24% in February. The BTOP50 is now down 2.19% year to date.

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