Day: 12 September 2018

CTAs Register Slight Gains in August

The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.71% gain in August. Year-to-date, the Index has lost 1.43%.

“Downtrends in agricultural markets, precious metals, and emerging market currencies provided a helpful tailwind for the 70 percent of futures funds that reported a profit in August,” says Sol Waksman, founder and president of BarclayHedge.

Five of Barclay’s managed futures indices had gains in August, while four had losses.

The MPI Barclay Elite Systematic Traders Index enjoyed a 2.81% gain in August. Diversified traders were up up 1.21%, the Systematic Traders Index gained 1.10%, and currency traders added 0.35%.

Getting to Grips with FX Exposures

For many corporate treasurers, deciding what products to use in order to hedge their FX exposures is the easy part of the job. The hard part is working out exactly what their FX exposures are. Galen Stops reports.

When it comes to effectively hedging FX exposures, it seems that the biggest challenge facing corporate treasurers is simply getting an accurate view of what these exposures are.

“Getting a centralised view of our FX exposures is very difficult. It’s always an issue, it’s something that we work on constantly and we’ll probably never get to the point where we have a perfect view on this,” says a source at one European corporate with revenues over $22 billion.