Institutional Investor’s Alpha - The average CTA eked out a 0.09 percent gain in February, bringing the total return for the first two months to 1.56 percent, according to Newedge’s Alternative Investment Solutions Group, part of Newedge’s Prime Clearing Services.
Graham Capital (K4D-15V) was the top performer in February, posting a 4.04 percent gain, followed by Capital Fund Management’s Discus fund, up 1.77 percent, and FDO Partners’ Emerging Markets Quant Currency, up 1.67 percent.
Also, Deutsche Bank reported on Tuesday that the median performance by CTA/Managed Futures funds was a loss of 0.77 percent in February. For the full year, the median performance worked out to a gain of 1.1 percent in February.
For all funds, the median fund gained 0.34 percent in February, boosting the full year gain to 2.51 percent through the end of February. Emerging markets equity funds were the top performer in the first two months, posting a median gain of 4.61 percent.