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Managed futures posted another positive month in April

Friday, May 17, 2019
Opalesque Industry Update - Managed futures posted another positive month in April with a 0.85% return according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Nine of BarclayHedge's 10 CTA indices had gains in April.

Year to date, the Barclay CTA Index has gained 2.28%. All ten of BarclayHedge's managed futures indices are now in positive territory for 2019.

"Four consecutive months of ongoing rallies in energy and global equity markets have provided a much needed tail wind for CTA performance," said Sol Waksman, president of BarclayHedge. "An ongoing downtrend in agricultural markets provided a boost for trend traders at the expense of those anticipating prices to turn upward."

The Cryptocurrency Traders Index led the pack in April with a 9.83% return while the BTOP50 Index, which tracks the performance of the largest CTAs, gained 3.15%. The MPI Barclay Systematic Traders Index returned 2.75% for the month, the Diversified Traders Index returned 1.21% and the Systematic Traders Index posted a 1.07% return.

The Currency Traders Index was the lone loser in April, down 0.30%. "Although the US Dollar had strengthened against many of the major currencies by month-end, mid-month trend reversals resulted in losses across the sector," said Waksman.

The Cryptocurrency Traders Index led in year-to-date return as well, up 18.54% through April. Other leading year-to-date gainers included the MPI Barclay Elite Systematic Traders Index, up 5.65%, the Barclay BTOP50 Index, 4.91%, Systematic Traders Index, up 2.55% for the year, the Diversified Traders Index, with a 2.34% year-to-date return, and the Financial/Metals Traders Index returning 1.91%.

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