CTAs Gain Ground In May

Jun 20 2008 | 2:00am ET

Managed futures turned positive again in May, gaining 1.37% after losing 0.27% in April, according to the Barclay CTA Index compiled by BarclayHedge. 

All eight BarclayHedge managed futures indices were positive in May. The Diversified Traders Index was up 1.73%, and has returned an impressive 13.53% in the first five months of 2008.
 
“Both rising and falling commodity prices helped propel CTAs to another profitable month,” says Sol Waksman, founder and president of BarclayHedge. “Prices for crude oil and gasoline continued an uninterrupted uptrend, and most traders held onto their profitable long positions.”

In addition to taking advantage of favorable commodity markets, CTAs trading diversified portfolios were able to profit from a steepening yield curve in the U.S., rising stock prices in North American markets, and a strengthening of the Australian dollar, according to Waksman.
 
The Barclay Systematic Traders Index gained 1.28% in May, financial and metals traders rose 0.91%, discretionary traders were up 0.83%, and agricultural traders gained 0.65%.

“Wheat prices continued to fall due to a favorable harvest outlook, while soybean prices rose reflecting the negative expectations for this year’s crop,” said Waksman.

The Barclay CTA Index has risen 7.93% in the first five months of 2008, exceeding its 7.64% gain for all of 2007. The Barclay BTOP50 Index, which monitors performance of the largest traders, rose 1.29%, and is up 5.66% through the end of May.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.