Monday, 2 May 2016
Last updated 2 days 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.