Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Barclay CTA Index Rises 1.75% in October (+0.15% YTD)

Monday, November 13, 2017
Opalesque Industry Update - The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, shows a 1.75% gain in October. Year to date, the index is up 0.15%.

Diversified Traders led for the month with a gain of 2.50%, followed by Systematic Traders at 2.46% and Financial/Metals Traders up 2.02%. Currency Traders notched a modest gain of 0.25% while Discretionary Traders fell 0.06% and Agricultural slid by 0.31%.

"Global equity markets provided the biggest boost to returns as the S&P 500 rally moved into its 12th consecutive month and the Nikkei 225 rose to 20-year highs," says Sol Waksman, founder and president of BarclayHedge.

"The ongoing rally in the energy complex that began this summer continued for a fourth consecutive month, driving crude oil prices to its highest levels in more than a year and providing a profitable trading opportunity," says Waksman. "Prices for base metals rallied as well."

The largest systematic traders, those managing in excess of $1 billion, were particularly well positioned to benefit from October's trends and their investors enjoyed average gains of 3.88%. Ninety-four percent of these systematic strategies were profitable last month.

The strong October performance of Financials/Metals propelled the sector to the top spot for the year with a gain of 3.35%. Agricultural is up 2.23% year to date while Currency (0.40%) and Discretionary (0.27%) have modest gains. In the negative column, Systematic is down 0.12% and Discretionary has fallen 1.90%.

The BTOP50 Index, which is composed of the largest CTAs that are open to new investment, gained 3.08% for the month but is still down 1.40% for the year.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1