March saw a widespread reversal of fortunes in managed futures: following a strong start to the year for most systematic strategies, last month was overwhelmingly negative with most CTAs losing money and a median loss for the strategy set of -1.48%.
The three Superfund strategies all lost big, with Superfund Green Gold taking the largest hit (-16.54%). Discus was down 7.96% to show a first-quarter loss of 5.60%. ISAM Systematic Gold was off by 5.73% for the month and is up by just 67 basis points in Q1.
Palm Trend lost 5.59% in March, while BlueTrend was down