Thanks to ongoing global growth uncertainty and the spread of the novel coronavirus, managed futures strategies struggled in January, even after some strong 2019 performances.
Volatile performance is nothing new in the CTA/managed futures community, yet big names such as GAM, Graham Capital and Systematica seemed to have stumbled after healthy comebacks in 2019.
The GAM Systematic Multi-Strategy Master Fund, for instance, was up 39% in 2019 – more than making up for its 23% losses experienced in 2018. The fund was down 0.33% in January.
Ken Tropin’s Graham Capital . . .
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