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FAIRFIELD, Iowa, August 15, 2013 — Managed futures lost 0.57% in July according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.58% year to date.
“Bernanke’s reaffirmation of a prolonged period of low US interest rates rallied precious and base metals while weakening the USD,” says Sol Waksman, founder and president of BarclayHedge.
“Unfortunately many CTAs found themselves on the wrong side of these markets in July.”
Five of Barclay’s eight CTA indices had losses in July. The Diversified Traders Index lost 0.87%, Systematic Traders gave up 0.73%, and Currency Traders were down 0.45%.
On the positive side, the Barclay Agricultural Traders Index gained 0.76%, Discretionary Traders were up 0.29%, and Financial & Metal Traders added 0.23%.
“Profitable trades on the long side of equity and energy markets and the short side of grain markets provided some relief from the trend reversals in other sectors,” says Waksman.
Year to date, Currency Traders are up 1.31%, and Agricultural Traders have gained 0.37%.
The Diversified Traders Index has lost 2.16% through July, Systematic Traders are down 1.09%, and Discretionary Traders have lost 0.29%.
The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 1.55% in July.
Click here to view 33 years of Barclay CTA Index data.
Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.
BarclayHedge was founded in 1985 and actively tracks more than 6,200 hedge funds, funds of hedge funds, and managed futures programs. Each month Barclay provides updated performance rankings for 38 Hedge Fund categories, 16 CTA categories, and 7 UCITS categories.
Institutional investors, brokerage firms, and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.
