- Advertisement -
- Advertisement -

CTAs down on performance, gaining assets

Report: Private Markets

- Advertisement -

Stockholm (HedgeNordic) –  A monthly update by  Eurekahedge shows CTA/managed futures funds saw the net inflows even though they recorded performance-based losses of 2,4 billion Dollars. Performance-driven asset losses for CTA were the highest in October of all hedge fund strategies as the Eurekahedge CTA/Managed Futures Index fell into negative territory, losing 1.0%.

“On the whole, the October market swing affected the performance of a majority of trend-following CTAs – some of which ended the month in negative territory, while some funds managed to eke out a positive gain during the month, as the decline in commodity prices particular energy resumed after a brief reversal,” Eurekahedge noted.

On the year, CTA/managed futures funds have grown their asset base by 16.8% to 238 billion Dollars. Net investor inflows were 29,8 billion Dollars, the second highest inflow of any hedge fund strategy. Last year in comparison investors withdrew 16 billion Dollars from the sector despite strong returns. CTA´s inflow was second only to long/short equity mandated funds. These strategies were able to record the highest net inflow in October of 2.3 billion Dollars, bringing their YTD inflow to 31.5 billion Dollars.

Nordic CTAs too had a dificult month in October. Early indications showed a loss of as much as -3,7%. With all programs having reported their monthly returns, the sector managed to claw back some territory, yet with now a 100% conviction, the final number for the NHX CTA index still stands at -3.1% for the month and -2,8% for the year. NHX composite added 0,8% in October and is up by 3% year to date.

Trend followers were the hardest hit among the CTA strategieswith the high leverage version of Estlander’s Alpha Trend II Class P program being down as much as 18 % on the month. SEB Asset Selection also had a difficult month with the standard leverage program down 3.9% and theOpportunistic version down by 7.6%.

Among the better performing programs, short-term strategies such as Estlander Presto andRomanesco Persistence stood out. Both programs are still in the red for the year however.

 Hedgenordic_CTA_Report_2015_728x90_v1

Picture: (c) Bruce-Rolff—shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

October Roller Coaster for Pensum Global Opportunities

Stockholm (HedgeNordic) – 2024 has been a year of sharp movements for Pensum Global Opportunities, an opportunistic hedge fund managed by Norwegian fund veteran...

Protean Bringing Rowing Team Discipline

Stockholm (HedgeNordic) – Following the recent addition of long-time Dagens Industri reporter Richard Bråse to its investment team, Swedish fund boutique Protean Funds has...

Dancing with Dragons

Opinion piece by Karl O. Strøm: In today’s financial landscape, a small group of powerful entities dominates stock and derivatives trading. These market giants...

Round Table: (Hedge) Fund Operations

Stockholm (HedgeNordic) – As the asset management industry evolves with new technologies and shifting client needs, hedge funds face both opportunities and challenges. To...

Addressing Climate Impacts and Nature Loss Through Real Assets

By Gwen Busby, Ph.D., Brittany Ryan, and Melisa Victoria Simic – Nuveen: The effects of climate change are a megatrend on a global scale,...

AP4’s Thematic Approach to Sustainability Investments

Stockholm (HedgeNordic) – The AP funds, including AP4 – the Fourth Swedish National Pension Fund, have a statutory duty to integrate sustainability into their...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -