NEW S
Technology gained 3.08%, Pacific Rim Equities added 2.27%, the Merger Arbitrage was up 1.70%, and Event Driven rose 1.60%.
In the loss column, Equity Short Bias Index dropped 5.14%, European Equites were down 0.34%, and the Distressed Securities Index gave up 0.31%.
At the end of October, Merger Arbitrage has gained 6.31% year to date, Pacific Rim Equities are up 6.26%, Technology has gained 5.67%, the Equity Market Neutral Index is up 4.68%, and Healthcare and Biotechnology are up 2.87%. The Distressed Securities Index has lost 6.73% in 2015, Equity Short Bias is down 4.19%, the Event Driven Index has lost 1.81%, and Emerging Markets are down 1.79%.
The Barclay Fund of Funds Index gained 0.96% in October, and is up 0.30% in 2015.
Barclay CTA Index down 0.78% in October Managed futures traders lost 0.78% in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is down 1.52% year to date.
“A powerful rally in global equities coming on the heels of two consecutive down months found many trend-following CTAs on the wrong side of the market in October,” says Sol Waksman, founder and president of BarclayHedge.
Six of Barclay’s eight CTA indices lost ground in October. The Diversified Traders Index was down 1.50%, Systematic Traders lost 1.17%, Agricultural Traders were down 0.55%, and Financial/Metals Traders gave up 0.41%. “A decline in the US 10-year Treasury increased losses for traders who, based on weaker economic data in September, had taken long positions in these bonds.”
On the positive side, Currency Traders gained 0.48% in October, while the Discretionary Traders Index was up 0.06%. “Discretionary managers playing for more quantitative easing in Europe and Japan were rewarded as long equity positions in those regions were profitable,” says Waksman. Year to date, Currency Traders have gained 3.37%, and Financial/ Metals Traders are up 1.63%.
The Diversified Traders Index has lost 4.35% in 2015, Systematic Traders are down 2.72%, Agricultural Traders have lost 0.76%, and Discretionary Traders are down 0.32%.
The Barclay BTOP50 Index, which measures performance of the largest CTAs, lost 1.29% in October. The BTOP50 is currently down 2.26% for the year. THFJ
6
The
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Wednesday 27 January 2016
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