Managed futures gained 0.56 per cent in November, according to the Barclay CTA Index compiled by BarclayHedge.
Year to date, the index has lost 1.98 per cent.
“November’s respite from bad economic news drove equity markets higher and provided CTAs with a trend worth following," says Sol Waksman, founder and president of BarclayHedge.
All eight Barclay CTA indices enjoyed positive returns in November. The Systematic Traders Index was up 0.70 per cent, Diversified Traders gained 0.63 per cent, Agricultural Traders added 0.40 per cent, Currency Traders gained 0.37 per cent, and Financial & Metals Traders were up 0.27 per cent.
“Positive economic data strengthened the USD as investors anticipated higher interest rates on expectations of Fed tapering,” says Waksman. “Gold prices, which have been in decline, weakened further.”
