Wednesday, June 12, 2024

Trend reversals hit CTA performance hard in November



CTAs had their worst month of the year since March in November as trends reversed across major asset classes, in a turnaround fuelled by rate cut hopes.

Societe Generale’s CTA Index was down 3.5% last month, leaving it down 2.8% for the year. The SG Trend Index of large trend-followers fared worse, down 4.9%, putting it down 3.9% YTD.

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