Currency cities fight at the beginning of 2025

While CTAs generally had a solid start to the year, with the Barclay CTA index rose by 0.57% (with almost 85% of the funds), currency managers suffered from AGRI dealers.

At the beginning of this month, HFR reported a good start for currency hedge fund, but their CTA brothers, who may be more systematic in their approach, voted in a return of -0.12% at the start of the year. This is in contrast to 2024, where the Barclay subindex was far from the best performer.

Both systematic and discretionary dealers had a solid start, the Barclay Discretionary Traders index rose by 0.47% and the systematic dealer index by 0.58%. The MPI Barclay Elite Systematic Traders Index, which has recorded the average return of the 20 largest systematic dealers, also rose by 0.58%to start the year.

The best performer was the cryptocurrency index at +2.24%, followed by the Diversified Traders index of +0.86%.

The BTOP 50 index with which the overall composition of the managed futures industry in relation to the trading style and the overall market exposure is to be reproduced, rose well and rose by 1.21%in January, the best start of the year since 2022.

In the meantime, according to SG Makro Trading Index from SG Prime Services, macro traders had a good start to the year. The headline index was 1.6% in January in January, but after a strong 2024, although this time discretionary retailers easily exceeded their systematic brothers.

The SG -Macro trade index (discretionary) was +1.64% in January, while the SG -makro -Handelsindex (quantitative) was slightly behind at +1.55%. The Commodity Trading Index from SG rose by 0.37% and started the year.