Fresh Off a Rally, CTAs Stumble in February

Commodity trading advisers and other computer-driven strategies fell after big trends suddenly reversed course last month, with funds from Man Group, Aspect Capital and others posting losses.

Trend followers, commodity trading advisers and other strategies that rely on computers to make investment decisions suffered a big setback in February after posting strong gains last year and in January.

Even after surging 3.6 percent in the final week of February, CTAs were able to finish the month only at the break-even point, according to a research report from the managed account platform of Paris-based alternative investment firm Lyxor Asset Management.

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