Industry Updates

Barclay CTA Index posts 0.51% return in January as managed futures begin 2020 on a positive note

Thursday, February 13, 2020

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Opalesque Industry Update - The managed futures industry stepped into 2020 on a positive note with a 0.51% return in January, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. It was the third consecutive profitable month for CTAs.

"The coronavirus outbreak was a double-edged sword for traders in January, dragging oil prices down over concerns of reduced demand while boosting gold and Treasury bonds as investors sought defensive options," said Sol Waksman, president of BarclayHedge. "Similarly, the cryptocurrency market benefited with bitcoin enjoying its best January since 2013.".

All but two CTA sectors were in positive territory for January. The Cryptocurrency Traders Index took the lead with a gain of 20.18%. Other January gainers included the Financial & Metal Traders Index, up 0.91%, Systematic Traders Index, gaining 0.74%, the Currency Traders Index, returning 0.64%, and the Diversified Traders Index, up 0.55%.

In the loss column, the Discretionary Traders Index was down 0.20% in January and the Agricultural Traders Index slipped 0.03%.

The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are still open for new investment, returned 0.29% in January.

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