Opalesque Industry Update - Managed futures traders lost 1.24% in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.30% year to date. Six of Barclay’s eight CTA indices had negative returns in October. The Diversified Traders Index was down 1.96%, Systematic Traders lost 1.79%, Financial/Metals Traders were down 1.00%, and Agricultural Traders gave up 0.71%. “A strengthening case for a December Fed rate hike, US election uncertainties, and OPEC’s failure to agree on production quotas helped put two-thirds of CTAs into the loss column for October,” says Sol Waksman, founder and president of BarclayHedge. On the positive side, the Barclay Currency Traders Index gained 0.79% in October, and Discretionary Traders were up 0.21%. “With currency markets pricing in higher US interest rates, the US Dollar gained against all of the G-6 pairs,” says Waksman. Year to date, the Diversified Traders Index has lost 2.83%, Agricultural Traders are down 2.06%, Systematic Traders have lost 1.86%, and Discretionary Traders are down 1.62%. Currency Traders have gained 1.10% in 2016, and the Financial/Metals Traders Index is up 0.84%. The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 2.16% in October.
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Industry Updates
Barclay CTA Index Down 1.24% in October (+1.30% YTD)
Wednesday, November 30, 2016
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