Following a 14.11% gain in 2008, managed futures slipped 0.13% in January according to the Barclay CTA (Commodity Trading Advisor) Index compiled by BarclayHedge.
“After a very successful three-month run at the end of 2008, most CTAs had trouble getting traction in 2009,” says Sol Waksman, founder and president of BarclayHedge, a tracker of hedge funds, funds of hedge funds, and managed futures programs.
The Agricultural Traders Index lost 0.42% in January, Systematic Traders were down 0.36%, and Diversified Traders slipped 0.24%.
“Interest rates, stock indexes and crude oil prices were moving back and forth rather than trending during January, creating problems for many managed futures strategies,” notes Waksman.
The Barclay Discretionary Traders Index gained 1.28% to start the year, and was the only profitable managed futures strategy in the month of January.
“Discretionary traders rely on judgment and market savvy to make trading decisions, in contrast to the trend-following momentum strategies employed by most CTAs,” adds Waksman.
The Barclay BTOP50 Index, which monitors performance of the largest traders, lost 0.10% in January following a 12.87% return for 2008.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment