CTA Fund Performance Report – 31 August 2019 – Up, Up and Away in my Beautiful, my Beautiful Balloon

We finally have removed that nasty persistent drawdown that has been plaguing us since early 2015….and it’s time to celebrate. On writing this momentous report with the benefit of hindsight there is a small kick in the guts coming in September….but that is just how the cookie crumbles. It shouldn’t interfere with our right to celebrate….just a bit.

CTA Fund Performance Report – 30 June 2019 – Climbing out of Drawdowns

June 2019 saw a continuation of positive performance for the CTA’s with the CTA Composite Index (60) now showing a 4.58% positive return YTD and the TF Global Index (37) reflecting a 3.94% YTD return. Will we see the protracted drawdown that has been experienced by these indexes since January 2015 vaporize, or is this just a short  term teaser before the overall markets flip back into their steady mean reverting rhythm?

CTA Fund Performance Report – 31 May 2019 – A Month of Reversals

May 2019 saw another positive performance result for the Commodity Trading Advisors as a group. This is the fourth consecutive month in a row for positive returns in the CTA Composite Index (12)….however despite the solid performance of the CTA’s as a whole, we saw a slight negative result for the Trend Following Global CTA’s.

Fund Performance Report – 30 November 2018 – “It’s all Relative………My Dear Watson!!!

While offering nothing to crow about, a flat return from the systematic trend following funds  for the month is certainly a welcome result considering equities represented by the S&P500 TR Index (Total Return) plummeted 7.7% in November which added to the pain of Septembers plunge bringing the S&P500 TR Index to a 12.2% drawdown from it’s equity high in August 2018. 

Fund Performance Report – 31 October 2018 – “Yowzer…….we just got dumped”

October 2018 has tested the resolve of trend followers where we have suffered a similar fate to February 2018 and have witnessed a fairly nasty whipsaw in Energy, Fixed Income and Equity markets. Given that we had just caught the waves of September’s volatility surge….all our hopes for the emergence of some good enduring swells in our direction  were shattered as mean reversion started to enter the mix as markets rebounded sharply from their maximum adverse excursions resulting in some crazy double-up formations and some spectacular wipe-outs.