Komfie Manalo, Opalesque Asia: Societe Generale Prime Services said that all its SG CTA strategies
remain in positive territory in the first quarter of the year despite
sustaining losses in March.
In its monthly report, Societe Generale said that after a strong start to the
year in January and February, managed futures strategies performance
declined in March, with all indices producing negative results for the
month. Nevertheless CTAs remain firmly in positive territory for the
year so far, with the SG CTA Index ending the first quarter of the year
at 4.05%.
James Skeggs, global head of alternative investments consulting at
Societe Generale Prime Services, commented, "This has been a strong
first quarter for CTAs, despite more challenging conditions in March
compared to the first two months of the year. Managed futures programs
have been able to take advantage of movements and trends in a variety of
sectors and markets."
He added that the SG Short Term Traders Index fared the best, down only
-1.18% last month, and now leads returns year to date, up 5.47%.
The SG Trend Indicator posted -3.52% during the same period, closely
mirroring the SG Trend Index at -2.91%. The Trend Indicator attributed
losses in four out of five sectors, primarily: Equity indices,
commodities, and bonds (-2.10%, -1.59%, and -0.84% respectively).
Positions in currencies, however, yielded positiv...................... To view our full article Click here
|