By Hedge Fund Insight staff
In September managed futures put in their fifth consecutive month of back-to-back losses. The bigger CTAs in aggregate have lost just over 6% so far in 2013. Smaller CTAs have suffered loses too, with their NAVs off just short of 3% in the YTD period. According to eVestment the hedge fund industry with systematic strategies removed would be on pace for an annualized return over 11%.
source: BarclayHedge
Managed futures funds have had four consecutive months of net redemptions, and year to date have lost around 14% of the assets they managed at the start of the year.