More Losses For Managed Futures

More Losses For Managed Futures

Losses in the managed futures sector continued to mount in June as the Newedge CTA Index closed out the month with a 1.5 percent loss. For the year, the CTA is still up one percent.

June’s culprit was the equity market as most managed futures programs were banking on momentum (read: long) in U.S. and foreign stock indexes. Short positions in the Japanese Yen were also costly. 

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