- Advertisement -
- Advertisement -

CTAs down on performance, gaining assets

- 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

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -