SocGen's main indices all fall below zero for the year
All five of Societe
Generale’s CTA indices were down in May, marking
the third consecutive month of negative performance.
The flagship SG CTA Index, which tracks
the daily return of the 20 largest Commodity Trading Advisors
(CTAs), has now also dipped just below zero on year to date
performance for the first time this year.
"Our indices show that the continued
absence of consistent market trends is making it hard for
managed futures strategies to consolidate gains –
especially amongst trend followers," said James Skeggs, global
head of alternative investments consulting at Societe Generale
Prime Services, said:
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