CTAs Continue To Let Down Investors
When the going gets tough, Commodity Trading Advisors thrive. At least that’s what they want you to think. Trouble is, reality has not been keeping up with the hype. 16 of 21 CTAs in a database of hedge funds were in the red for the month of June, and 17 of the 21 are losing money for the year.
Stephen Taub
June 24, 2011
Share pricing information for Glencore International Plc is displayed on a stockbroker's computer screen at Shore Capital Markets on the first day of the company's conditional trading in London, U.K., on Thursday, May 19, 2011. Glencore International Plc, the Swiss commodities trader that sold $10 billion of stock today, gained as much as 3.8 percent on its debut in London after demand for the stock overcame a rout in raw-material prices. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg
