Mixed News for CTAs in Early SG Data
Posted by Colin Lambert. Last updated: November 27, 2023
CTAs had a mixed month according to data from SG Prime Services, although at the headline level they have held on to a chunk of September gains that helped them into the black.
The SG CTA Index ended October with a -1.02% loss, reinforcing what has been a tough year for many in the sector. The index remains in positive territory at +0.75%, this is largely thanks to a strong September where it added 3.41%.
It was also a quietly positive month for trend followers, with the SG Trend Index rising 0.12%. This means it slightly builds upon the return to positive territory seen in September when the index was +3.4%, year-to-date the trend followers index is +1.07%.
It was also a decent month for short-term traders, however the strategy continues to struggle to hit positive territory. The SG Short-Term Traders Index was +0.47% in October, the second successive month of gains, however it remains mired in negative territory – mainly due to a horrendous March, at -1.31%.