Many computer-driven funds suffered losses in September and the third quarter.
After a strong start to the year, strategies driven by computers extended their gains in February.
Many computer-driven funds were up in the mid- to high-single digits as more traditional strategies suffered.
Many of the larger, well-known CTAs fared even better than the indexes in July.
Despite a down February, commodity trading advisors and trend followers post gains in low double-digits in the first quarter.
Commodity trading advisers proved to be one of few bright spots in a dreadful year for hedge funds.