The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.06 per cent gain in November. Year to date, the index is up 0.25 per cent.
“Choppy waters made for tough sailing in November,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Although ongoing rallies in US and Japanese equities provided profitable trading for momentum strategies, trend reversals in currencies, precious metals, and agriculturals weighed heavily on fund performance.”
Financial/Metals Traders were able to gain 0.10 per cent in November. Most other CTA sectors had a very small increase or a loss for the month. The Systematic Traders Index rose 0.05 per cent and Discretionary Traders added 0.03 per cent.
On the losing side, Currency Traders were down 0.23 per cent, while Diversified Traders and Agricultural Traders each slid 0.01 per cent.
Year to date, the Financials/Metals Traders Index is leading all other managed futures indices with a 3.42 per cent gain. Agricultural Traders are up 1.97 per cent after 11 months, while Currency Traders have netted 0.54 per cent.
Two indices remain in negative territory for the year. Diversified Traders have lost 1.84 per cent, and Discretionary Traders are down 0.10 per cent.
The BTOP50 Index, which is composed of the largest CTAs that are open to new investment, lost 0.34 per cent in November and is currently down 0.77 per cent for the year through to 14th December.
