2024 is off to a better start than 2023. CTA indices are reporting decent results, with Barclay’s CTA index posting +4.18% return through June 2023, and the SG CTA index+5.00% estimated. Unlike 2023, where Trend Following was supreme, this year is showing a mixed distribution of performance across various types of strategies. Short-term systematic space is performing well as volatility seems to bounce from sector to sector. This year we have expanded the list to fifteen managers as multiple strategies from the same managers have made the list. Below you will find the Top 15 YTD performers who are part of aiSource’s approved manager pool+:
Past performance is not indicative of future results. All RORs are through June 2024
**WDD: worst drawdown since the inception of the track record
***Sharpe: Sharpe Ratio since the inception of the track record
Comhla, LLC, an emerging manager that trades stock indices tops the list this year. Soaring Pelican and Absolute Return Capital Management are prominent on this year’s list as they have multiple strategies doing well.
Some managers are repeat performers this year from the prior year: Cohalo, Blue Bar, Buckingham, and Soaring Pelican.
Our expectation is for the market dynamic to switch in the second half of the year. We will be curious to see what this list looks like at year end.
+: Approved managers are CTAs with whom aiSource has active investments with or has had investments with previously. This list of managers is curated and ranked differently than the top performing managers in our database.