Preliminary July Hedge Fund Performance

As a service to our readers, we provide preliminary comments and data for the performance of CTA and Hedge Funds, based on a limited amount of manager data.

July seems to have delivered generally positive performance across strategies, with Long Only managers leading the race. CTAs recorded a positive month, with a 1.6% gain for July, however, the YTD result is modestly negative. This is preliminary data, based on daily “40-act” funds or UCITS strategies.

We have collected 51% of the funds that we expect to report for the month. 21% of the CTA programs have reported.

Most liquid alternative strategies are having a somewhat muted year, but most of them have bounced back significantly since the Covid induced sell-off. That said, all of our Daily Indices are down for the year.

Preliminary CTA performance can be found below.

ManagerProgramJulyJunYTD
WG Wealth GuardianQT Program16.5%-3%56%
Future Trade AGThales Swing Trading Programme14.4%0%-15%
INSCH Capital Management SAKintore11.2%3%19%
UBSCurrency Allocation Return7.6%-6%-11%
Equinox Fund ManagementEquinox Ampersand Strategy Fund7.1%6%-1%
Dorsey WrightDWA Tactical6.5%2%-2%
Superfund Capital ManagementManaged Futures Strategy6.1%2%12%
Lynx Asset ManagementLynx6.0%-1%-1%
Graham Capital Mgmt LPTactical Trend6.0%-3%-3%
Tianyou Asset ManagementTianyou Fund5.7%4%-29%
Transtrend BVEnhanced Risk5.5%-2%3%
WG Wealth GuardianStrategic Volatility Master Program5.2%-12%2%
WG Wealth GuardianStrategic Volatility Returns Program5.0%-6%1%
GuidePathManaged Futures Strat4.8%-1%8%
Graham Capital Mgmt LPGraham Macro UCITS4.8%0%11%
John Locke InvestmentsCyril Systematic UCITS Fund4.6%0%13%
Transtrend BVTulip Trend Fund4.5%-4%-5%
WG Wealth GuardianTrend Fix Portfolio4.2%0%27%
IPM Informed Portfolio ManagementIPM Systematic Macro4.1%-1%-7%
BridgewaterCore Global4.0%2%-8%
Vortex FX AGCurrency Program3.8%5%8%
Transtrend BVStandard Risk3.7%-1%1%
First Quadrant LPFQ Macro FX – 10% Risk3.7%1%23%
James AlphaMacro3.7%1%-4%
Cantab Capital PartnersCCP Core Macro3.6%-2%-5%
Quality Capital ManagementGlobal Diversified3.5%0%30%
Man AHLAHL Trend Alternative3.4%-2%-1%
Claughton CapitalARP Institutional Program3.2%-4%31%
LemanikGlobal Strategy3.1%0%16%
Millburn Ridegfield CorporationDiversified Program3.1%0%-13%
PIMCOTrends Composite3.1%-3%6%
LoCorr Fund ManagementLoCorr Macro Strategies3.0%-1%3%
Quantica Capital AGManaged Futures Program3.0%0%-1%
Catalyst Capital AdvisorsMulti-Strategy2.9%1%-2%
Fort LPGlobal Futures2.9%2%-3%
Systematica InvestmentsBlueTrend Fund2.9%-2%7%
Mercantile Analytics and TradingGlobal Diversified Commodity2.8%0%6%
Crabel Capital MgmtCrabel Advanced Trend2.8%-2%13%
Tom Capital AGModerate Model Portfolio2.7%0%-21%
Man AHLAHL Diversity Alternative2.6%-1%-1%
Quest PartnersAlphaQuest (ML Capital)2.6%1%8%
Fort LPGlobal Trend UCITS2.5%1%3%
WG Wealth GuardianSAFI2 Program2.4%0%10%
Chesapeake Capital CorporationEquinox Chesapeake Strategy2.4%-1%-7%
Gresham Investment ManagementManaged Futures Strat2.3%-1%2%
Capital Fund ManagementIS Trends Fund InRIS2.3%-1%-1%
Man AHLAmerican Beacon AHL Mgd Futs Strat Instl2.2%-2%5%
Stein Investment ManagementTrading Evolution2.1%2%10%
PIMCOEm Mkts Ccy and S/T Invsmt (daily)2.0%2%-5%
Guggenheim InvestmentsGuggenheim Managed Futures Strategy2.0%-1%3%
Red Rock CapitalSystematic Global Macro2.0%-1%-5%
Fort LPGlobal Diversified UCITS1.9%1%-9%
LumynaEnhanced Equity Volatility1.8%-1%-15%
ColumbiaManaged Futures Strategy Fund1.8%-2%-4%
Rational AdvisorsRational/ReSolve Adaptive Asset Allc1.7%-1%-5%
UnigestionCross Asset Trend Follower1.7%-1%-5%
Goldman SachsAlternative Trend1.7%-1%-1%
LupusAlpha Volatility Risk1.7%1%-14%
Mondiale Asset ManagementLeveraged Trading Proram1.6%1%17%
Endeavour CapitalPembroke Master Fund Ltd1.6%0%7%
SEB GroupAsset Selection1.6%-2%-6%
Mobius Asset MgtMCR Trading Program1.6%-1%-1%
Garraway Capital ManagementGarraway Financial Trends1.5%-4%-6%
ADG Capital ManagementADG Systematic Macro1.5%-3%-10%
Fulcrum Asset ManagementMulti Asset Trend Fund1.5%-1%-5%
Winton Capital ManagementWinton Trend Fund1.4%-1%1%
Abbey CapitalAbbey Capital Futures Strategy1.4%-1%4%
AXA ChorusSystematic Macro1.4%-1%-3%
Goldman Sach ManagementGoldman Sachs Mngd Futures Strat Instl1.3%-2%0%
Schot Capital LimitedMulti Diversified Program1.3%-1%8%
Allianz Global InvestorsManaged Futures Strategy1.2%-1%-8%
BNP TheamQuant Volatility1.2%-2%-22%
LupusAlpha Volatility Invest1.2%1%-7%
Jaguar InvestmentsAegir Capital Strategy1.2%2%23%
TRYCON GCMTungsten Trycon Basic1.1%1%4%
RV CapitalAsia Opportunity1.1%1%3%
Fort LPGlobal Contrarian UCITS1.1%1%0%
Schindler Capital ManagementInstitutional Dairy Advantage1.1%13%15%
AQR Capital ManagementAQR Managed Futures1.0%-2%1%
AQR Capital ManagementAQR Managed Futures HV Strategy0.9%-3%2%
Aspect Capital LimitedDiversified Program0.9%-2%-3%
Equinox Fund ManagementMutualHedge Futures Strategy0.8%-4%-16%
AmundiGlobal Macro Bonds0.7%1%0%
AmundiAbsolute Volatility Euro0.6%2%20%
M & G Investment ManagementEpisode Macro Fund0.6%1%0%
Tendance FinanceNext AM Fund0.6%0%19%
Metori Capital ManagementEpsilon Global Trend (Lyxor)0.6%-1%7%
361 Capital361 Managed Futures Strategy Fund0.5%4%-15%
Crabel Capital MgmtCrabel Gemini0.3%2%5%
AmundiGlobal Macro Bonds Low Vol0.3%0%-3%
AmundiGlobal Macro Forex0.3%-1%-2%
Neuberger Berman GroupDiversified Currency0.3%0%-1%
Aspect Capital LimitedAspect Core Trend Fund0.3%-2%1%
FS InvestmentsManaged Futures0.0%0%11%
BlackrockMacro Opportunities0.0%0%-1%
Ocean AretoArete Macro (Keplar)0.0%1%7%
Absolute InsightCurrency-0.1%0%0%
Warrington Asset ManagementStrategic-0.1%1%1%
Schindler Capital ManagementDairy Advantage Program-0.1%13%20%
AQR Capital ManagementGlobal Macro Opportunities-0.2%-1%-4%
Kinkopf Capital ManagementS&P Select Program-0.2%0%16%
SalusAlpha Directional Markets-0.3%0%12%
LoCorr Fund ManagementLong/Short Commodity Strats-0.3%-1%11%
PacificG10 macro rates-0.4%2%7%
Campbell & CompanyCampbell Dynamic Trend Fund-0.4%-2%-3%
Altegris AdvisorsEvolution-0.4%-3%-17%
TagesPaladin-0.4%3%9%
Winton Capital ManagementDiversified Fund-0.4%-3%-17%
Longboard Asset Management LPManaged Futures Strategy-0.4%-2%-3%
BerenbergDymacs Volatility Premium-0.5%0%-26%
AQR Capital ManagementManaged Futures UCITS-0.6%-2%-2%
Blake Capital ManagementSRD Currencies-0.6%0%0%
Campbell & CompanyManaged Futures-0.6%-2%1%
Conservative Concept AGAthena UI (UCITS)-0.7%0%5%
Sandpiper Asset ManagementSandpiper Global Macro Program-0.7%1%-6%
AmundiAbsolute Volatility World-0.9%2%26%
MainfirstContrarian Opportunities-0.9%1%-11%
Ravinia Investment ManagementAlgorithmic Multi Strategy-1.4%2%34%
Dunn Capital ManagementDUNN WMA Institutional (ML Capital) UCITS B-1.4%-1%-2%
Winton Capital ManagementAbsolute Return Futures-1.4%-2%-12%
WG Wealth GuardianGVR Program-1.4%-8%-10%
Red Rock CapitalCommodity Long-Short-1.7%-2%16%
Dunn Capital ManagementManaged Futures Strategy (Arrow)-1.8%-4%-6%
Winton Capital ManagementWinton Futures Fund-1.9%-2%-17%
TresidesTotal Return Commodities-2.2%-2%-7%
361 Capital361 Global Managed Futures Strategy Fund-2.2%3%-9%
PanAgoraPanAgora Managed Futures Strategy-2.3%1%-4%
Florin Court CapitalFlorin Court BMS SHARE CLASS-2.3%-2%-4%
Aspect Capital LimitedAspect Systematic Global Macro-2.9%3%1%
Melissinos TradingEupatrid Commodity-3.1%-2%-16%
WellingtonGlobal Currency Absolute-4.1%-3%-3%
CrossBorder CapitalAR Systematic Macro Strategy-5.8%-1%1%
P/E InvestmentsFX Strategy – Standard UCITS-7.1%-4%1%

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