| 18.11.2009 Opalesque Exclusive: Investors' perception of CTAs has changed since last year |
| By the Opalesque team: CTAs did wonderfully well last year, but not so this year, due to a non-directional market. According to Lyxor, an asset manager with Eur80bn in AuM, long-term CTAs posted -2.8% losses in October (-9.42% YTD), and Short-term CTAs were down -1% (5.88% YTD). Global equity markets trended upward strongly, and many CTAs captured these gains initially but were badly hit du |
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