Tuesday, 24 November 2015
Last updated 4 hours ago
Nov 17 2008 | 1:23pm ET
Investors with exposure to managed futures this year are being richly rewarded, while others looking to diversify away from their souring hedge fund portfolios may find some solace in the asset class. Managed futures posted a gain of 3.48% in October, according to the Barclay CTA Index, taking the index's year-to-date advance to 10.81%.
"Commodity trading advisors have performed remarkably well in 2008, especially when compared with the losses we're seeing in hedge funds and global equity markets," said BarclayHedge founder Sol Waksman. "The Barclay CTA Index is up 10.81% through October, in contrast to a 19.14% loss for the Barclay Hedge Fund Index and a 32.84% drop in the S&P 500."
The Barclay Diversified Traders Index jumped 6.42% in October, taking their gain to 21.23% year-to-date. Systematic Traders gained 4.18% and Discretionary Traders were up 3.39%, while the Financial/Metals Index rose 3.19%.
"Commodity prices continued to trend downward in October," said Waksman. "The commodity-based CRB Index recorded its worst ever monthly decline, falling more than 22%."
The Barclay BTOP50 Index, which monitors performance of the largest traders, rose by 3.90% in October, and is now up 9.87% for the year so far.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…