FAIRFIELD, Iowa, December 20, 2013 — Managed futures gained 0.56% in November according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index has lost 1.98%.
“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%, Diversified Traders gained 0.63%, Agricultural Traders added 0.40%, Currency Traders gained 0.37%, and Financial & Metals Traders were up 0.27%.
“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.”
The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 1.09% this month. The BTOP50 was down 0.06% at the end of November.
Year to date, Agricultural Traders have gained 3.07%, and Currency Traders are up 1.02%.
The Diversified Traders Index has lost 3.42% in 2013, and Systematic Traders are down 1.60%.
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.