ATS Trading Solutions provides an interesting and colorful review of CTA performance. In particular, ATS notes how performance developed throughout May – “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.CTA Fund Performance Report – 31 May 2019 – A Month of Reversals
As it pans out, despite the fairly trendy environment in May, these trends were a reflection of market reversals. The medium to long term nature of the Trend Following Global CTA’s take some time to adjust to new emerging trend directions.
To continue to read the May review and for further insights continue to ATS Trading Solutions.