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November Gains Were Not Enough to Prop Up These Hedge Funds

Despite a positive month, several major commodity trading advisors are down sharply for the year as assets flow out of the strategy.

The main managed futures funds managed to eke out small gains in November. But this is little consolation for investors in the strategy, who have been aggressively yanking out money in recent quarters. Many of the biggest of these funds — also known as commodity futures advisors or CTAs — are

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