(FinAlternatives) Societe Generale’s SG CTA Index is the latest measure to suggest trend-following hedge funds have been able to successfully navigate the volatility unleashed by Britain’s decision to leave the European Union last week.
The SG CTA Index was up 2.27% and 0.71% respectively, on June 24 and 27, according to the company. Ninety percent of the programs tracked by the index, which is managed by the firm’s SG Prime Services unit, posted positive returns by the end of the day on June 24, while three quarters of them remained in the green on Monday.
CTAs Shine Through Brexit Selloff
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