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Barclay CTA Index gains 0.16 per cent in April

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Managed futures traders gained 0.16 per cent in April, according to the Barclay CTA Index compiled by BarclayHedge.

Year to date, the index remains down 0.66 per cent.
Five of Barclay’s CTA indices had gains in April, while three had losses. Currency Traders were up 0.40 per cent, Financial/Metals Traders gained 0.33 per cent, Systematic Traders added 0.20 per cent, and Diversified Traders eked out a 0.03 per cent gain.
The Agricultural Traders Index lost 0.38 per cent in April, and Discretionary Traders were down 0.11 per cent.
“Another month of rising equity prices generated profits for many CTAs,” says Sol Waksman (pictured), founder and president of BarclayHedge. “At the same time, an unanticipated rally in US Treasuries in the face of an ongoing commitment from the Fed to raise rates, coupled with counter-trend US Dollar weakness against the Euro and British Pound took some of the bloom off the rose.”
In 2017, there is a clear divergence in the performance of managed futures strategies. After four months, the Financial/Metals Traders Index has gained 1.34 per cent, Currency Traders are up 1.19 per cent, and Agricultural Traders have gained 0.27 per cent.
On the other hand, Diversified Traders are down 2.34 per cent, Systematic Traders have lost 0.99 per cent, and Discretionary Traders have given up 0.47 per cent.
The Barclay BTOP50 Index, which monitors the largest investable trading adviser programmes, lost 0.57 per cent in April and is down 2.17 per cent year to date.

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