Although commodity trading advisors (CTAs) had been having a good year overall through April, those specializing in currencies were lagging the pack, according to statistics from Barclay Trading Group.
The Barclay CTAIndex was up 4.75 percent on the year after a 3.55-percent gain in April, but the Currency Traders sub-index was off -0.78 percent in 2006, despite a .66-percent gain in April.
However, more recent data on the BTOP FX index, which tracks the 50 largest currency CTAs, shows something of a rebound for currency traders. The BTOP was down only -0.28 percent on the year through May 31 after gaining 1.45 percent in May.
Performance for the top currency managers in the month of April is shown in the Managed Money table (right). John W. Henry’s Dollar fund landed atop the list of managers handling more than $10 million, but the fund was still down on the year as of April 30.
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