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Societe Generale also announces that the Newedge Indices have been rebranded to the SG Prime Services Indices, effective immediately. This is part of the integration of Newedge into Societe Generale’s Global Markets division, following the acquisition of Newedge by Societe Generale in May 2014. Given the close alignment of the businesses, the industry-leading benchmarks will now operate under SG Prime Services branding as they play a critical role in the business’s prime services activity. The SG Prime Services Indices are available on the Societe Generale Corporate & Investment Banking website at: https://cib.societegenerale.com/en/sg-prime-services-indices/

In December, CTA strategies posted negative returns across the board to end a volatile year. The headline SG CTA index was down -1.29% in December resulting in a flat performance for the year. Trend following strategies, as shown by the SG Trend Index, were down -2.08% during the month to also end the year flat. The Short Term Traders Index returned -2.61% to finish the year down -5.07%.

Performance attribution from the SG Trend Indicator shows a mixed performance across sectors. Short positioning in the energy complex contributed to a strong performance of +1.41% in the commodity sector. The other asset classes were broadly flat in December, with some slightly positive, some negative. Overall, sector returns for the year were diverse, led by Currencies & Equity Indices (+1.56% & +0.31% respectively), compared to Commodities, Bonds, and Interest Rates (-6.67%, -1.09%, -0.07%).

James Skeggs, Global Head of Alternative Investments Consulting at Societe Generale Prime Services, said:

“Losses in December saw the end to a frustrating year in 2015 for CTA strategies. Strong gains from Q1 were given back in Q2, to then be followed by a series of alternating positive and negative months during the second half to end the year with flat performance.

We are delighted that the CTA indices will now operate under the Societe Generale brand. This is an important reflection of the success of the integration of our Prime Services business into the larger Global Markets proposition of SG since the acquisition in 2014.”