FAIRFIELD, Iowa, May 15, 2013 — Managed futures gained 1.11% in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 2.11% year to date.
“Rising prices for equities and debt securities were fueled by central bank easing, and coupled with falling commodity prices driven by weak economic data out of China, served as the backdrop for CTA performance in April,” says Sol Waksman, founder and president of BarclayHedge.
Overall performance was mixed in April, with five of Barclay’s eight CTA indices making gains, while three indices lost ground. The Financial & Metal Traders Index gained 1.47%, Systematic Traders were up 1.21%, and Diversified Traders gained 1.20%.
“Portfolios with exposure to a preponderance of the major futures sectors were in the best position to profit from the trading opportunities available in April,” says Waksman.
On the losing side, Currency Traders gave up 0.50%, Agricultural Traders lost 0.26%, and Discretionary Traders were down 0.22%.
“Discretionary traders usually under perform their systematic brethren during trending markets,” says Waksman. “Trends can oftentimes persist longer than justified by the underlying market fundamentals."
Year to date, Systematic Traders have gained 2.46%, Diversified Traders are up 2.37%, Financial & Metal Traders added 2.28%, and Currency Traders have gained 1.06%.
The only losing strategy after four months is the Agricultural Traders Index, which is down 0.13%.
The Barclay BTOP50 Index, which measures performance of the largest CTAs, gained 1.58% in April.
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.