Managed futures: flows cool after recent declines

A downturn in the fortunes of managed futures looks likely to lead to increased redemptions, although there are pockets of strong returns among larger firms

After starting the year off with a healthy 2.54% return in January, the managed futures index experienced five consecutive months of declines through June 2015. The last three months through June 2015 saw the managed futures index return -3.54%, the macro index return -2.28%, and the hedge fund aggregate roughly flat at 0.19%. The volatile third quarter hurt many hedge fund strategies, however macro and managed futures products appeared, for the most part, to perform relatively well. While there