Performance

Commodity funds rise as CTAs end losing streak

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Managed futures funds finally snapped their losing streak in May, with the median fund in the EuroHedge managed futures index returning almost 2% after a bad run for most CTA strategies since the start of this year.

Several funds posted punchy gains, including Karsten Schroeder's Amplitude Capital (12.18%), Estlander & Rönnlund's Global Markets XL (10.31%), Cyril Systematic (8.91%), VCM Systematic Macro (7.40%) and QCM Global Diversified Programme (7.01%). It was a good month for the GLC stable too, with the firm's Directional fund adding 6.79% and its Behavioural Trend fund gaining 4.20%.

Several other funds posted gains of