Hedge Funds - Managed Futures

AlphaWeek's coverage of the managed futures space

Kettera Strategies Heat Map - March 2025

15 April 2025 Public Kettera Strategies

Most of the discretionary global macro managers we track delivered positive returns in March - with many outperforming due to concentrated, high-conviction positions as opposed to broad diversification

Kettera Strategies Heat Map - January 2025

17 February 2025 Public Kettera Strategies

In January, discretionary global macro funds faced a complex environment roiled by U.S. policy shifts and geopolitical tensions

Kettera Strategies Heat Map - December 2024

20 January 2025 Public Kettera Strategies

Quant global macro strategies experienced mixed to positive performance in December. Like their systematic trend cousins, quant macro seemed to find its best opportunities in currency markets but challenging conditions in metals

Kettera Strategies Heat Map - November 2024

23 December 2024 Public Kettera Strategies

Long term trend followers had a strong month in November, and the most interesting observation is how differently each program prospered. The one constant is that fixed income and interest rates was the laggard sector, negative for most programs

SG Prime Services Releases the CTA Indices Constituents for 2025

10 December 2024 AlphaWeek Basic Greg Winterton

There are no changes to the constituents in the flagship SG CTA Index but there is one new constituent in the SG Trend Index for 2025, and two new constituents in the SG Short-Term Traders Index

Kettera Strategies Heat Map - October 2024

19 November 2024 Public Kettera Strategies

Trend followers posted a negative October, with the clear underperforming sector being fixed income - both shorter-term rates and longer-term bond markets

Kettera Strategies Heat Map - September 2024

15 October 2024 Public Kettera Strategies

The discretionary global macro programs we follow were generally positive in September, primarily by being long fixed income and rates, short the US dollar on a highly anticipated Fed rate cut

Kettera Strategies Heat Map - August 2024

25 September 2024 Public Kettera Strategies

Long-term trend following programs suffered a difficult August, especially in currencies (long USD got slammed) and energies (long exposures did poorly)

Kettera Strategies Heat Map - July 2024

20 August 2024 Public Kettera Strategies

It was a challenging month for most trend following programs, as July was peppered with surprise developments

Strong First Half for Managed Futures Hedge Funds but Investors Yet To Return Significantly

29 July 2024 Public Greg Winterton

Through the end of May, the average return was +9.86% according to Nasdaq eVestment, but $2.05bn of assets have left the space this year so far

Kettera Strategies Heat Map - June 2024

17 July 2024 Public Kettera Strategies

Longer-term trend programs finished the month mixed, although with more negatives than positives - pulling this strategy bucket down into negative territory

Kettera Strategies Heat Map - May 2024

13 June 2024 Public Kettera Strategies

It appears that nearly all types of quantitative (or “model based”) macro programs had a difficult month in May

Kettera Strategies Heat Map - April 2024

13 May 2024 Public Kettera Strategies

Discretionary global macro managers generally performed well in April. Those programs that generated outsized gains appeared to have done so in commodities and currencies

Kettera Strategies Heat Map - March 2024

15 April 2024 Public Kettera Strategies

Long-term systematic trend followers had a profitable March with several notable “risk-on” market trends driving performance

Kettera Strategies Heat Map - February 2024

12 March 2024 Public Kettera Strategies

February was an extremely profitable month for many, if not most, long-term trend programs