CTAs thrown off course as June losses erase YTD gains


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%), and PGR Capital Systematic Strategies (-10.07%).

Superfund Green took the biggest hit in June, losing 20.86% for a loss of 3.23% YTD. Mulvaney Global Markets lost 18.13%,