Friday, 1 August 2014
Last updated 14 hours ago
Apr 27 2007 | 11:35am ET
The managed futures industry continued its poor performance in March returning –1.29%, according to The Barclay Group’s Barclay CTA Index. Barclay’s BTOP50 Index, which monitors performance of the largest CTAs, dropped 2.00% in March.
“Most of the major futures markets had price reversals this month,” said Sol Waksman, founder and president of The Barclay Group. “Since more than 60% of CTAs utilize systematic trend-following methodologies for trade selection, it’s not surprising that close to 65% of traders had losses in March.”
Barclay’s Diversified Traders Index fell 1.67% in March, the Systematic Traders index lost 1.31%, and the Financial and Metals Traders Index was down 0.79%.
“Prices in the energy complex started the month on a down trend, but then rallied strongly from mid-month onwards,” said Waksman.
Only one sector – agriculture – was in positive territory for March. Barclay’s Agricultural Traders Index was up 0.12% for the month, and has gained 2.64% during the first quarter of 2007.
“Prices for corn, soybeans and wheat were weak all month long, awarding profits to short-sellers in the agricultural sector," said Waksman.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…