CTAs: Back on track?


What one CTA manager identifies as "an important shift in the market's focus" - the more general concern that the global economy is slowing - is giving some CTA managers hope that they can get their trend-following investment vehicles back on the path to healthy returns. For at least the past four years, CTAs have underperformed the broader hedge fund market.

In January, the Absolute Return Managed Futures Index returned 1.99%, with gains coming from sharp declines in global equities and rates as well as positions in gold, which traded to an all-time high of $930 per ounce