All of the CTA sectors gained last month as managed futures managers post 0.64% returns during an "unspectacular" July, according to the Barclay CTA Index compiled by BarclayHedge. The index is down 1.04% for the year.

Comparatively, the BTOP50 Index, which tracks 20 of the largest CTAs, showed a modest gain of 0.60% and is down 4.20% through the end of July.<