While hedge funds continue to suffer through October, managed futures funds are rolling. The latest figures from global brokerage firm Newedge shows that the AlternativeEdge Short-Term Traders Index finished the month of October up 2.37% (up 11.87% year-to-date) and the Newedge CTA Index gaining another 4.97% in October (up 8.97% YTD).
“The managers in the STTI have continued to perform well given the poor performance across most asset classes,” said Brian Walls, who heads Alternative Investments Group at Newedge. “During the three worst days for the S&P 500, the STTI returned 1.61% while the S&P 500 was down 22.75%.”
The AlternativeEdge Short-Term Traders Index tracks the daily performance of a portfolio of short-term, diversified commodity trading advisors who have less than a 10-day average holding period.
The Newedge CTA Index, which is equally weighted, calculates the daily rate of return for a pool of the largest CTAs that are open to new investment.