CTAs rebound hopes on hold as 2010 resumes on negative note


It was a poor start to the year for most managed futures funds, with further losses in January coming on top of a generally dismal year in 2009.

Most of the big CTAs were down by around 2-3% on the month - including Man AHL Diversified, Aspect Diversified, Transtrend Diversified, Winton Futures, Altis Global Futures, BlueTrend and Bummer & Partners Lynx.

Some fared worse - with Quality Capital Management's Global Natural Resources and Global Diversified programmes down by almost 8% and over 10% respectively, while Estlander & Partners Global Markets (one of the few positive performers in the systematic space