Top 10 – Worst 10 CTAs


While past performance is not indicative of future results, it is immensely satisfying to own managers amongst the best performing managers for the year or month. Likewise, it is excruciating to have exposure to the worst ones. NilssonHedge tracks the best and worst managers per strategy group. These reports are updated throughout the month, as more data arrives. This page shows the managers that we have classified as Commodity Trading Advisors (aka Managed Futures). They will become progressively more reliable towards the end of the month.

Managed Futures is a broad classification, representing several different strategies. Here, we make no differentiation but rather lump the different strategies into one bucket.

The Top 10 CTA and Worst 10 CTA funds for the current reporting month are shown below. This is based on our proprietary composite data streams, but may contain errors. These are not filtered for Asset Under Management and are ranked on a simple return metric without adjusting for volatility. For the year we have identified the following funds as being the best / worst from a performance perspective.

Best/Worst CTA MTD, Managed Futures Performance, Flash Report, Aspect, Lynx, Winton, AHL, Transtrend.
Best/Worst CTA YTD, Managed Futures Performance, Flash Report, Aspect, Lynx, Winton, AHL, Transtrend. Emerging Managers, Large managers

These reports may not always display the correct results, so please verify the returns before taking a victory lap through the office. NilssonHedge does not endorse any managers on the list and ending up at the top or bottom probably tells you more about the risk of a particular than anything else.

CTAs with over 100mn under management, returns MTD. Scatterplot showing the relationship between AUM and Returns.
CTAs with over 100mn under management, returns YTD. Scatterplot showing the relationship between AUM and Returns.

The scatter plots above show the relationship between AUM and Returns (MTD/YTD). Large managers have progressively larger markers, showing that they have earned or lost more money. In some cases, we do not have reliable AUM numbers and may show incorrect numbers. The report is filtered for managers with more than $100mn under management.

There may be additional funds that are better or worse, that we have not captured in our database. Please do tell us if we are missing your fund and we are happy to capture the data.