Wednesday, April 15, 2009
Managed Futures Lose 1.16% in March; Fed’s Action Reverses Trend for Stocks, Bonds and Currencies
FAIRFIELD, Iowa, April 15, 2009– Managed futures slipped 1.16% in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is now down 1.59% in 2009.
“The US Federal Reserve’s willingness to employ quantitative easing helped to drive interest rates and the US Dollar lower, while propelling prices for stocks and agricultural commodities higher,” says Sol Waksman, founder and president of BarclayHedge.
“Trend-followers, as a group, were on the wrong side of these markets when they changed direction mid-month.”
Read the entire Managed Futures Press Release by clicking here.
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