Currency trading was one of the few bright spots for CTA performance last year, according to new data from BarclayHedge, now a division of Backstop Solutions.
While the Barclay CTA Index was down 2.85% for 2018, the Currency Traders Index was up 5.1% for the year, and the Discretionary Traders Index gained 2.01%.
These, however, were the only two indices to post positive returns for the year.
Indices posting losses on the year were led by the Cryptocurrency Traders Index, which was down 63.24% through December. The MPI Barclay Elite Systematic Traders Index was down 5.12% for the year, the Diversified Traders Index declined 4.71%, the Systematic Traders Index dropped 4.16%, the Fin./Met. Traders Index was down 3.20%, and the Agricultural Traders Index was down 0.27%.
“Equity market volatility contributed to a challenging year for many managed futures indices. Currency volatility, global trade disputes and emerging market uncertainty provided further sources of stress,” says BarclayHedge in a release issued today.
For the month of December, the Barclay CTA Index posted a 0.3% rate of return.
Elsewhere, December’s gains ranged from the MPI Barclay Elite Systematic Traders Index with a 1.77% return, the Fin./Met. Traders Index up 1.14%, the Diversified Traders Index up 0.65%, the Systematic Traders Index up 0.65%, the Currency Traders Index with a 0.38% return, and the Discretionary Traders Index posting a 0.32% return.
Only two of the Barclay managed futures indices had negative returns in December. The Cryptocurrency Traders Index fell 3.79% and the Agricultural Traders Index declined 0.47%.