Finally there was a strong month for managed futures in June which puts the YTD return positive for the majority of CTAs. This year for managed futures & trend following has been typically tough. The year started off strong and then the returns were given back. This is typical of trend following and managed futures. It is never easy. One has lumpy returns at best. There is no 45 degree equity curve. Trend following has countless challenging periods.
Examples of CTA performance
