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Bailey McCann, Opalesque New York: London-based Bowmoor Capital had a positive July, in a sea of negative returns for CTAs. The flagship Global Alpha fund returned +1.54% in July 2025, breaking through what has been a monthslong rough patch for systemic strategies.
For the category, the SocGen CTA Index is down -7.47% YTD and the SocGen Trend Index is down -10.3% YTD.
Global Alpha is a systematic trend-following global macro strategy that uses mathematical processes to identify major price trends in global markets and trades a diversified portfolio of futures markets covering stock markets, interest rates, foreign exchange, metals, energy, grain, soft commodities, and livestock.
Bowmoor is led by Richard Liddle, a former British military officer who served with the Royal Navy and Royal Air Force as a helicopter and fast jet pilot. Following his military career, Liddle worked as an entrepreneur and was part of the Barclays Military Fund Management Scheme. The strategy is based on the work of former Harmonic Capital Partners investment manager Gareth Abbot, who is investment manager and former Bank of America trader Brendan Mulvany, who is head of execution.
The rules-based trading strategy was designed and developed between 2003 and 2006 by Abbot and has been actively running unbroken since 2006.
In a letter to investors reviewed by Opalesque, Liddle credits July's strong performance to long equities positions, live cattle, and rates. The steepening US ...................... To view our full article Click here
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