All SG CTA indices posted positive returns in the last month of 2016, at the end of an otherwise difficult quarter. The flagship SG CTA Index closed the year slightly negative -2.86% and SG Trend Index -6.19%, the first negative year's performance since 2012.
All hedge fund indices outperformed the S&P 500 last week, with CTAs at the top with a return of 1.7%, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The diversified hedge fund index was up 0.4% last week, while the S&P 500 was down 1.5% on a price returns basis.
Chad Burlet and Bob Otter became friends when Burlet directed the cash/futures convergence trade for Cargill and Otter executed Cargill’s soybean trades on the floor of the CBOT. More than 30 years later that friendship turned into a partnership leading to the creation of Third Street Ag in 2012.