Tag Archives: Commodity Trading Advisor
Commodity Trading Advisor programs are experiencing another down year on the average according to official sources. This adds to a long streak of disappointing returns in recent years and despite trends forming in several markets.
Apart from the trend-followers of the 1980s who used simple math models and exploited a real market anomaly, any other claims of high trading returns from the use of math models should be taken with a grain of salt. There … Continue reading
CTAs have been unable to profit this year according to official sources, adding to a long streak of disappointing returns in recent years. This is despite some notable downtrends in bonds, gold, commodities and currencies this year.
Top 50 CTA performance results for the first four months of this year are estimated to be negative by BarclayHedge, after positive returns in the first two months. If this year’s performance is negative, it will be the fifth yearly … Continue reading
I present evidence of the underperformance of the CTA group in the last 10 years and statistical analysis to rebut claims that the performance of a group of top 20 CTAs is more representative of this group’s performance.