Attrition Rate in the CTA space

2% of all CTA firms cease to report per month

Approximately 2% of all CTAs stops reporting per month, mostly due to poor returns or due to being unable to raise assets. Year-to-date, we estimate that around 90 firms have ceased to operate or at least stop marketing their returns (which in itself is a precursor to shutting the fund as there are few funds that are able to raise so much assets that they voluntarily stop reporting performance numbers).