Currency Traders Flat as CTAs Struggle in November: BarclayHedge
Posted by Colin Lambert. Last updated: December 13, 2023
CTAs had a tough November according to the BarclayHedge CTA Index, which dropped 0.88%, pushing it back into the red for the year, albeit just at -0.06%. With just under 75% of funds reporting, the results are subject to change.
The Currency Traders Index was -0.03% for the month, but it remains comfortably the best performing TradFi asset class at +8.06% for the year-to-date – the next best is the Discretionary Traders Index at +1.36%. Best performer, unsurprisingly given recent price action, is the Cryptocurrency Traders index at +9.29% on the month for +49.08% on the year, although only just over 50% of funds in the Index have reported results.
The aforementioned Discretionary Traders index was best TradFi performer on the month at +0.27% and it’s year-to-date performance is outstripping the Systematic Traders Index which was -1.19% on the month for -0.44% year-to-date.
The MPI Barclay Elite Systematic Traders index had a very tough month, undoing recent positive returns, dropping 2.79% in November to fall back into the red for 2023 at -0.86%.
The BTOP50 Index, which seeks to replicate the overall composition of the managed futures industry with regard to trading style and overall market exposure, also had a tough month, dropping 2.78%. This also pushed the Index back into the red for the year, it is now -0.78%.