Managed futures funds traded by the largest CTAs jumped 1.40 percent in October, according to the Barclay BTOP50 Index.
“Large traders, as a group, out-performed most of the Barclay sectors in October,” says Sol Waksman, the founder and president of The Barclay Group. “Academic research has argued that smaller, newer trading firms provide better returns than established traders. Perhaps the larger, more experienced traders haven’t read those studies yet.”
Overall, managed futures gained 0.66 percent in October, according to flash estimates for the Barclay CTA Index.
Seven out of eight Barclay CTA indexes reported gains in October. Agricultural Traders gained 1.82 percent, Discretionary Traders rose 1.32 percent, Diversified Traders were up 0.96 percent, and Systematic Traders gained 0.47 percent.
The Currency Traders Index edged down 0.03 percent in October.