With April marking the best month since July of 2012 and 5th consecutive winning month (albeit two of those very small) for managed futures, some might be saying – it’s about time.
It was a good month for long-term trend followers, with some of the best sustained trends we’ve been watching throughout 2013 taking some big leaps in the right direction – particularly the big drops in gold and the Yen. There was a little give-back toward the end of the month, but as of today the Newedge CTA Index is reporting a gain 1.52% for April (Disclaimer: past performance is not necessarily indicative of future results).
Coming off of similar months in January and March (and despite a flat February), that brings the Index up to 4.43% year to date. Quite a bit can change in the next 8 months, but we’re glad to see the index sporting a solid gain for the first 1/3 of the year – especially considering that at this point last year the index was down -0.32%. And after 2 down years in a row, we could all use a good 2013.