Manager survey: mid-year state of the industry

CTAs are optimistic managed futures industry will shake off performance troubles to grow in second half, but asset-raising remains hard

The first half of 2017 did not end well for many CTA firms. Trend reversals at the end of June caught out many programs and resulted in some steep losses that left CTA indices in the red at mid-year. After some patchy returns over the past 12 months, asset flows