In lieu of redundancy, we’re not going to spend too much time talking about why Managed Futures performed the way it did in May because we’ve already done our best commentary throughout the month.
For the most part, managed futures as an industry got caught in the “M- Reversal” in the dollar trend while foreign currencies (barring the Yen) remain choppy. The same can be said for the Bonds market (interest rates) experiencing a slight reversal in the downtrend. To be fair, we also commented on how bad Wall St and the government is at predicting interest rates as well. As we enter June, managers we track look for long trends in the dollar, short trends in the bond market (up trend in interest rates) and long trends in the energy markets.
(Disclaimer: Past performance is not necessarily indicative of future results)
(Barclayhedge CTA Index: 26% of funds reporting)
P.S. –Attain’s Family of Alternative Funds performance will be posted shortly. To get the monthly performance and research updates on the family of funds, sign up here.
