2021 has been a fairly strong year so far for many CTAs. While this post only displays the top 10 CTAs for the year, we could have easily made the list a top 20 list because we had enough positive performers. CTA indices are also doing well this year, with Barclay’s CTA index and Soc Gen’s CTA index both showing positive returns. Agricultural strategies, which came back in favor in 2020 continue to do well into 2021. In addition to this, we are seeing a quiet resurgence from all systematic strategies, as well. Here are ten of the top performing CTAs in 2021 that are part of aiSource’s approved manager pool:
Past performance is not indicative of future results. All RORs are through July 2021
**WDD: worst drawdown since the inception of the track record
***Sharpe: Sharpe Ratio since the inception of the track record
As you can see from the above, we have a good mix of strategy types within the top 10 this year. Sectors, such as, grains, volatility, indices, and diversified commodities are all represented throughout the top 10.
There are some new entrants to our approved CTA pool this year, which have broken into the top ten list: Soda Creek Trading, Cohalo, and NWOne. Soda Creek Trading is a discretionary grain strategy that trades inter-commodity and intra-commodity calendar spreads. Cohalo Advisory trades volatility via VIX futures and VIX futures calendar spreads. Lastly, NWOne is a systematic relative value strategy that also trades calendar spreads across various commodities.