CTA Performance Splinters As a Late Surge Lifts Some, But Not All

Indexes posted steady monthly gains into year end, but individual managers diverged sharply — from double digit returns to double digit losses.tau

Stephen Taub January 15, 2026

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CTA performance fractured across the industry in 2025. Sector indexes rose steadily late in the year, but managers’ results varied dramatically. Funds like QMS Diversified Global Macro and Quantedge posted double‑digit annual gains, as others remained deeply underwater despite December’s metals‑driven rally.The IASG CTA Index,

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