Caxton Hawk Down 9 Percent YTD; CTAs Have Tough August

CTAs had a rough year, and that is sugar coating the reality. There are very few trend followers in this category who were able to generate net gains over the course of this year. The largest of managed futures traders, or quant funds, have wiped out any gains they netted in the past few months as markets were thrown into a 'taper tantrum'.

Caxton Associates' Caxton Hawk Diversified was down 2.15 percent in the last month, pulling the YTD gain down to -8.7 percent, according to a investor update seen by ValueWalk. The fund attributes the bulk of its losses to the rumblings of possible war in Syria, which caused the markets to slip into...