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CTAs Improve In June

Societe Generale Prime Services today announced its CTA Indices performance numbers for June 2018. The SG CTA Index gained 0.55%; Trend followers performed even better and led performance: the Trend Index was up 1.06% with 7 out of the 10 constituent strategies posting positive results.

Commenting on the results, Tom Wrobel, Director of Alternative Investments Consulting, at Societe Generale Prime Services, said:

“June has been a strong month for CTAs and helped offset some of the performance challenges we saw in May. It was encouraging to see performance gains from a number of sectors during the month, in particular Commodity markets. While CTAs overall have failed to indicate a clear direction so far this year, the Trend Indicator is showing positive signs. We will continue to monitor market conditions that could impact the direction of CTAs over the coming months.”

The Trend Indicator was up 6.12% in June, with gains from a number of sectors. The Commodity sector was the largest contributor to positive returns, ending the month up 3.13%. Long positions in Energy, such as Crude oil (+1.38%), and short positions in Agriculture, including Soy beans (+1.57%), supported strong performance in particular. Trend followers also benefited from Long US Dollar moves, which contributed 2.09%, as well as positive performance in Bonds and Equity indices.