More Losses For Managed Futures

Losses in the managed futures sector continued to mount in June as the Newedge CTA Index closed out the month with a 1.5 percent loss. For the year, the CTA is still up one percent.

June’s culprit was the equity market as most managed futures programs were banking on momentum (read: long) in U.S. and foreign stock indexes. Short positions in the Japanese Yen were also costly.