CTAs Bleed Red In March

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note