Monday, July 15, 2024

Market slump brings second month of CTA losses

Managed futures funds posted a second month of losses in August as this year’s rising stock market fell, catching out trend-followers.

Societe Generale’s tracker of large trend-followers declined 0.8%, putting it down 2.3% for the year, while its broader CTA index was down 0.4%, leaving it down 1.5%.

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