Wed, Aug 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CTA funds up in June, led by crypto

Wednesday, July 17, 2019
Opalesque Industry Update - CTA funds posted a 1.59% return in June, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date, the Index has gained 3.84% through June.

"Recession fears coupled with market anticipation of Fed loosening rallied prices for long-term bonds and short-term notes while gold prices rose to a six-year high," said Sol Waksman, president of BarclayHedge. "Equity investors seemed to ignore recession concerns and focused on the benefits of a rate cut, propelling the S&P 500 7% higher on the month."

Nearly all CTA fund sectors posted positive returns in June, the lone exception being the Agricultural Traders Index which was down 0.93%. All sectors remained in the black for the year-to-date through June.

"While most CTA sectors performed well in June, the Ag sector struggled with choppy grain markets and steep price declines for hogs and cattle," Waksman said.

Setting the pace for the month's gainers was the Cryptocurrency Traders Index, up 17.60% in June. Others included the MPI Barclay Elite Systematic Traders Index, up 2.66%, the Diversified Traders Index, with a 2.05% return in June, the Financial/Metal Traders Index, gaining 1.90% for the month, and the Systematic Traders Index, up 1.97%.

The Cryptocurrency Traders Index continues to lead the way for year-to-date return, gaining 84.83% for the year through the end of June. The MPI Barclay Elite Systematic Traders Index was up 5.64% for the year through June, the Diversified Traders Index posted a 3.70% year-to-date return, the Systematic Traders Index was up 3.52% on the year, and the Financial/Metals Traders Index gained 3.10% through June.

The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, has gained 5.30% in the first six months of the year.

What do you think?

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

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume