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Opalesque Industry Update - Managed futures funds turned in a second consecutive monthly gain in March returning 0.32%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year to date, CTAs returned 2.29% through March. "A strengthening U.S. dollar and a continuing uptrend in equity markets helped fuel CTA gains in March. The $1.9 trillion Covid Relief bill fed deficit concerns and ignited a rise in U.S. interest rates which, in turn, sparked appeal in USD carry trades against negative yielding currencies," said Sol Waksman, president ...

Opalesque Industry Update - The hedge fund industry continued its positive run in February, returning 2.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index gained nearly 2.76% in February. For the year to date, the hedge fund industry gained 3.76% through the end of February. The S&P 500 Total Return Index returned 1.72% over the same period. All but one sector tracked in the Barclay Hedge Fund Indices gained ground in February. "Signs that the US economy was recovering more qui...

Opalesque Industry Update - Hedge funds started 2021 on a positive note returning 0.98% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was down 1.01% in January. Gainers outnumbered losers in January among the sectors tracked in the Barclay Hedge Fund Indices, despite challenging news on both the economic and the COVID-19 pandemic fronts during the month. "Most hedge funds sectors performed solidly during a complicated month," said Sol Waksman, president of BarclayHedge. "Equi...

Opalesque Industry Update - CTAs were unable to extend their two-month winning streak into the New Year as January performance dipped 0.02% for the month according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. "Although equity prices and commodity markets such as energy, crops and base metals continued higher in January, the profits were insufficient to overcome losses generated by long positions in U.S. Treasuries as interest rates rose," said Sol Waksman, president of BarclayHedge. Most sectors tracked in the Barclay CTA Indices were in the black ...

Opalesque Industry Update - Managed futures funds finished 2020 with another positive month and gained 2.49% in December, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year, CTAs returned 5.18%. "Global equity and commodity markets benefitted from robust price rallies while safe haven assets such as bonds and the U.S. dollar declined," said Sol Waksman, president of BarclayHedge. "Progress on economic stimulus measures and coronavirus vaccine approvals raised hopes that a return to normalcy was on the way." All sectors tracked in ...