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Alternative Market Briefing

CTAs survive September market selloff to report small gain

Wednesday, October 21, 2015

Komfie Manalo, Opalesque Asia:

Managed futures traders survived the onslaught of the market selloff in September 2015. The Barclay CTA Index up 0.60%, bringing its year-to-date losses to -0.67%, according to data compiled by BarclayHedge.

"Equities, interest rates, and commodities moved lower in September, and trend-followers were properly positioned to profit," says Sol Waksman, founder and president of BarclayHedge.

Five of Barclay’s eight CTA indices reported positive performances last month. The Diversified Traders Index was up 0.72% (-2.83% YTD), Systematic Traders gained 0.51% (-1.54 0.51% YTD), and Financial/Metals Traders were up 0.29% (2.05% YTD).

In the loss column for the month, Agricultural Traders were down 0.25% in September (-0.09% YTD), Currency Traders gave up 0.24% (+3.00% YTD), while the Discretionary Traders Index slipped 0.03%.

"Although the U.S. Dollar was generally stronger against major foreign currencies, its weakness against the Japanese Yen and the Euro offset those gains and resulted in losses for some managers," says Waksman.

Other indices seem to indicate CTAs did better than the average hedge fund performance last month.

The Lyxor CTA Long Term Index (+4%), the Lyxor CTA short Term Index (+2.3%) were among......................

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