•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

By Opalesque:

CTAs posted mixed results in June 2025 following five months of losses. Their performance was supported by equity markets, which surged since the US delayed the implementation of wide-ranging tariffs on most global trading partners until at least mid-July. The S&P 500 extended its now two-and-a-half-month rally through June to end the month at a record high - it gained 5% in June and is currently up about 7.5% YTD.

For example, the Talenta Multi-Strategy, run by London-based J8 Capital Management, returned 6% in June. The strategy, incepted in 2017, aims to capture equity market upside by allocating long/flat to S&P 500 Index futures and offer downside protection ('crisis alpha') by allocating to a diversified long/short trend-following futures portfolio.

CTA strategies were also supported by a weakening US dollar and some commodity gains.

The HFRX Macro/CTA index gained +1.25% for the month (-3% YTD) from gains in systematic trend-following managers, and the HFRX Macro Systematic/CTA Index gained +1% (-6.6% YTD) as the US dollar weakened against most currencies. Indeed, the ......................

To view our full article Click here