June was a disastrous month for most CTAs, with sizeable
drawdowns for the majority leading to a median loss of more
than 5% across the managed futures peer group.
Last month’s poor showing has also severely
hampered many CTA strategies on a year-to-date basis, with
double-digit losses at the half-year stage for funds including
Mulvaney Global Markets (-18.09%), Palm Trend (-15.09%), IPM
Systematic Futures (-14.58%), ISAM Systematic (-10.43%),...