Thu, Jul 16, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Managed futures funds down 1.48% in September, but up 6.08% YTD

Wednesday, October 16, 2019

Laxman Pai, Opalesque Asia:

According to the Barclay CTA Index, managed futures funds reversed course from the prior month's gains in September and declined 1.48%. Trends prove hard to find during the month making it difficult for many CTAs to find their footing, BarclayHedge pointed out.

"The trend is your friend is a timeworn cliché among momentum traders in futures markets," said Sol Waksman, president of BarclayHedge.

"Friends were few and far apart in September as Treasury yields and agricultural markets rebounded from the previous month, gold's uptrend stalled as prices dropped, and crude oil, which had been trending downwards, spiked up 16% on September 16 when Iranian missiles struck a Saudi refinery. Gains from profitable trades were not enough to overcome the losers for 68% of the funds in the BarclayHedge CTA Database," he added.

Only two sectors were profitable in September. The Agricultural Traders Index gained 0.52% and the Discretionary Traders Index was up 0.20%.

Far more sectors were in the red for the month. The Cryptocurrency Traders Index lost 4.80%, the Diversified Traders Index posted a 2.70% decline, the MPI Barclay Elite Systematic Traders Index dropped 2.19%, the Systematic Traders Index fell 2.05% and the Currency Traders Index shed 0.30%.

Year-to-date, all CTA sectors are in the black through September. The Cryptocurrency Traders Index remains the top gainer with a 50.76% return.

The MPI Barclay Elite Systematic Traders Ind......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Satori Capital buys into hedge fund manager Mountain Cove Capital Management[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management, co

  2. SEC proposes to amend Form 13F[more]

    B. G., Opalesque Geneva: The Securities and Exchange Commission (SEC) said on Friday that it had proposed to amend Form 13F - for the first time in more than 40 years. The proposal will update the reporting threshold (currently at $100m) for institutional investment managers and make other change

  3. News Briefs: An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy, SoftBank-Backed Beike Zhaofang Aims to Raise $3bn in U.S. IPO[more]

    An amateur investor turned $15,000 into $1m then lost it all, the latest cautionary tale in the day-trading frenzy From Business Insider: Robinhood-user Richard Dobatse said he turned $15,000 into $1 million, and then lost everything. He told the New York Times: "They make it so easy fo

  4. PE/VC: Could this new metric upend private equity compensation?, Venture funding remains elusive for Black tech entrepreneurs in the US, Fintech to drive biggest VC exits over next five years, Second-quarter VC investing totals appear lackluster[more]

    Could this new metric upend private equity compensation? From Institutional Investor: A secondaries investor and public pension fund are publishing what they say is the first methodology for calculating the dollar value of excess returns generated by private market investments. The

  5. Activists: Effissimo tells Toshiba that shareholders make good directors, Japan activist calls in SPV cavalry for small-cap attacks[more]

    Effissimo tells Toshiba that shareholders make good directors From Reuters: Effissimo Capital Management, which wants to install three directors on Toshiba Corp's board, told the Japanese conglomerate's directors that shareholders make good board members because they are invested in the