Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
18/03/2010
CTAs have a turbulent two months but rebound in Feb
Investors in CTAs should be used to whipsaw returns, and for those that aren’t, January and February’s numbers should give a good picture of the volatility of the strategy.
The Merchant Commodity Fund had a disastrous February following what was an excellent start to the year for the $1.4bn CTA. But, in general, the trend for CTAs saw most struggle in January and rebound in February. Cipher Diversified hit a brick wall in January, falling more than 12%. The systematic CTA has at least righted itself, but the 0.4% February return has made little inroads into the losses.
Eagle Global’s first two month’s performance have a very similar look to Cipher Diversified’s; losses in January of close to 9%, followed by a stable if unspectacular recovery of 0.7% in February.
The CTA landscape is littered with the rebound story, Tulip Trend was another that was up 3.5% in February, but down over 11% in January.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!