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CTAs Stumble Out of the Gate in 2019

Managed futures stumbled out of the gate to start 2019, as the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions, was down 0.43% for January .

All but two of the BarclayHedge’s managed futures indices were in negative territory for January, as CTA funds were generally unable to build on their modest gains of the final two months of 2018.

“After precipitous price declines in December, most CTAs found themselves on the wrong side of the street in January as energy and equity prices unexpectedly rose from the ashes of the previous month and rebounded sharply,” says Sol Waksman, president of BarclayHedge.

January’s lone bright spots were the Discretionary Traders Index with a 0.25% return and the Agricultural Traders Index, up 0.09% for the month.
The Cryptocurrency Traders Index was January’s biggest loser, falling 5.72% for the month. The MPI Barclay Elite Systematic Traders Index lost 1.66%, while the Diversified Traders Index was down 1.13%.

Posting smaller monthly losses were the Systematic Traders Index, down 0.87% and the Currency Traders Index with a 0.04% loss. Meanwhile, the Financial & Metals Traders Index ended the month flat.

Galen Stops

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