Panel session: CTAs: What is the future(s)?

May 24, 2012  


CTAs and the complexities of correlation


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Hans-Olov Bornemann, Peter Hart, Ali Nejjar, Karsten Schroeder, James Skeggs
After a tough start to the year for managed futures strategies, four seasoned CTA managers discussed their differing approaches and the challenges they face in meeting investor expectations.

The panel included Hans-Olov Bornemann, head of the global quant team at SEB Asset Management; Peter Hart, head of alternative investment at Valu-Trac Investment Management; and Ali Nejjar, founder of Solaise Capital Management, which launched in late 2010. Completing the line-up was Karsten Schoeder, chairman of Amplitude Capital.

James Skeggs of Newedge, the panel’s moderator, pointed out that many investors associate CTAs with a long-term trend-following approach — adding that the...

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Data

May 2013 European regional fund

Composite
Index Composite
EuroHedgeMay 13YTD%
Composite0.74%4.11%97%
Convertible & Equity Arbitrage EUR2.06%7.39%100%
Convertible & Equity Arbitrage USD1.15%4.73%92%
Credit EUR1.10%5.57%92%
Credit USD0.82%4.58%90%
Currency0.40%-0.17%81%
Emerging Market Debt USD-0.08%1.57%100%
Emerging Market Equity USD2.24%5.30%97%
Equity Market Neutral & Quantitative Strategies EUR0.56%3.78%97%
Equity Market Neutral & Quantitative Strategies USD0.58%3.52%91%
European Equity EUR1.74%5.15%96%
European Equity GBP1.69%7.34%86%
European Equity Nordic1.35%6.71%100%
European Equity USD1.38%5.90%88%
Event Driven EUR1.38%4.04%83%
Event Driven USD1.51%1.87%91%
Fixed Income EUR0.77%2.14%96%
Fixed Income USD1.17%2.23%100%
Global Equity EUR1.38%5.36%100%
Global Equity USD1.45%6.20%92%
Macro EUR0.74%2.87%96%
Macro USD1.52%4.67%98%
Managed Futures EUR-2.51%2.80%100%
Managed Futures USD-2.65%3.34%100%
Mixed Arbitrage & Multi-Strategy USD0.20%4.23%86%

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