Assisted By Energy Shorts, CTAs Stage Late Year Come-back

A UBS prime brokerage report notes how shares of poultry producers have outperformed this year, but hedge fund attitudes are turning on the poultry stocks. CTAs, however, the leading hedge fund sector in November, have benefited from “well established shorts” in the oil while the UBS report also noted hedge funds it studies are overweight consumer discretionary stocks while underweight financials.

CTAs up 11.4% YTD

Managed Futures CTAs drove significantly ahead in November, delivering 5.2 percent performance in the UBS Hedge Fund Monthly report. Year to date the UBS report showed CTAs up 11.4 percent year to date while the Newedge CTA index, a survey of the largest fund managers in the space,...