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Managed Futures Industry Shed -1.01% in November, Remains Up 5.31% Overall in 2021

All CTA Sectors Vying to End 2021 in the Black, With Only One Showing a Loss through November


Managed futures funds reversed course in November, losing -1.01% for the month, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Despite the monthly loss, CTAs still posted a 5.31% year-to-date return through the end of the month.

All but two CTA sub-sectors were in the red for November. Bucking the trend to post gains for the month were the Currency Traders Index, up 0.86%, and the Agricultural Traders Index, gaining 0.43%.

Among the managed futures sub-sectors giving up ground during the month were the Cryptocurrency Traders Index, down -2.88%, the MPI Barclay Elite Systematic Traders Index, losing -2.81%, the Diversified Traders Index, retreating -1.89%, and the Systematic Traders Index, off -1.17%.

All CTA sub-sectors but one remained in positive territory for the year through November. The Cryptocurrency Traders Index remains at the top of the heap, sitting on a 153.61% return on the year, while the MPI Barclay Elite Systematic Traders Index advanced 9.58%, the Discretionary Traders Index gained 8.40%, the Agricultural Traders Index was up 7.08% and the Diversified Traders Index returned 6.76%.

The Financial & Metals Traders Index remained the only sub-sector posting a year-to-date loss. It sits at a -0.61% return so far this year.

“As a new COVID surge spooked broader markets, Cryptocurrencies slid back from mania in October into a slight melancholy in November. The month’s result continued 2021’s volatile on-again, off-again pattern of investor interest in Crypto. Meanwhile, though energy prices remained well up from where they stood a year earlier, they nevertheless suffered their largest monthly decline in 18 months in November,” said Ben Crawford, Head of Research at BarclayHedge. “November wasn’t all sound and fury though; some traders in agricultural commodities and currencies harvested profitable opportunities in the midst of what was otherwise a sea of red.”

The Barclay BTOP50 Index, which tracks the performance of the largest CTAs open for new investment, was down -2.12% in November. For the year to date the BTOP50 retains a 9.08% compounded return.

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 6,900 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.


Janet Falk

(212) 677-5770