CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02% for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
“Although equity prices and commodity markets such as energy, crops and base metals continued higher in January, the profits were insufficient to overcome losses generated by long positions in U.S. Treasuries as interest rates rose,” said Sol Waksman, president of BarclayHedge.
Most sectors tracked in the Barclay CTA Indices were in the black for January. The Cryptocurrency Traders Index led the way returning 26.99% while the Agricultural Traders Index was up 0.93% and the Discretionary Traders Index gained 0.74%. The Currency Traders Index advanced 0.41% in January while the Diversified Traders Index rose 0.07%.
Sectors losing ground in January included the Financial & Metal Traders Index, down 0.83%, the MPI Barclay Elite Systematic Traders Index, off 0.58%, and the Systematic Traders Index, losing 0.44%.
The Barclay BTOP50 Index, which tracks the performance of the largest CTAs that are open for new investment, was down 1.03% in January.
For a complete table of Barclay CTA Index results as well as historical data, click here.
About Backstop Solutions
Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds and real estate investment firms.
BarclayHedge, a division of Backstop, currently maintains data on more than 7,100 hedge funds, funds of funds and CTAs. The BarclayHedge Indices are utilized by institutional investors, brokerage firms and private banks worldwide as performance benchmarks for the hedge fund and managed futures industries.
division of Backstop Solutions Group