Intra-day volatility in financial futures wreaked havoc for many CTAs in October, posing a sharp contrast to September. Short-term gyrations in equity-index futures proved particularly troublesome for traders like the Hanseatic Group, which saw its diversified Hanseatic Opportunity Fund plunge by 5%, leaving year-to-date returns at 2.9%.
But with the U.S. dollar continuing to slide, it was no surprise that forex plays like the Grossman Currency fund were among October's big winners. Grossman Currency put on a gain of 9.0% for the month, capping tremendous year-to-date performance which has seen the fund surge 51.8%. Another strong October showing