Lyxor: CTAs Recover Amidst Strong Week
CTAs had a good week last week according to Lyxor's Cross Asset Research Team. In a note, the firm said:
"CTAs continued to recover thanks to their short dollar and long energy positions. Their positions remain polarized. They are short US bonds and long in Europe. They are short dollar, especially vs. EUR, GBP and non-G10. They have limited exposures in equities, with a tilt in Asia. Their commodity exposures concentrate in energy."
Other strategies which did well included diversified L/S Equity and Special Situations funds, thanks to their long bias.