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Alternative Market Briefing

CTAs have strong showing in July with JWH continuing that trend through August

Monday, August 22, 2011

amb
Sol Waksman
From Kirsten Bischoff, Opalesque New York:

Managed futures gained 1.32% (est) in July (according to BarclayHedge CTA Index, which has 80% of funds reporting). Meaning, once again, CTA firms are a bright standout in a summer where many strategies have struggled with the volatile markets. The Newedge CTA Index is reporting even higher performance, with its funds logging average returns of 3.25% for July (although they are down slightly more YTD at -0.85%).

"A counter-intuitive bond market rally that flew in the face of rating downgrade concerns may have puzzled many traders, but trend-following CTAs were largely able to profit from the move," said Sol Waksman, founder and President of BarclayHedge in a statement released with Tuesday’s index results.

Trend following funds have been able to profit from many of these moves, and even though the average CTA is flat to down YTD, there are some standouts. Last week we reported on Auspice Capital. Other top performers for the month include Campbell & Co at +9.15%, Aspect Capital at +8.10% and Brummer and Partners at +6.83%.

Opalesque has also learned that John W. Henry & Company, Inc. the Boca Raton, Florida based investment firm owned by John Henry, principal owner of the holding company that controls the Boston Red Sox and Liverpool Football Club has been notching steady performance gains, with the fir......................

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