Manager Performance Rankings

1-Barclay LogoCTA Intelligence’s performance tables present a monthly snapshot of the investment returns of the managed futures universe.

The rankings are based on returns self-reported by CTAs and hedge funds with more than $1m in assets, encompassing managed accounts, offshore funds, Ucits and ’40 Act vehicles.

The rankings are compiled by CTA Intelligence using data from BarclayHedge, Morningstar and LuxHedge. Some returns are latest estimates at time of publication and may be subject to revision.

The figures published here are for information purposes only and are not to be construed as investment advice. Publication does not constitute an offer or solicitation to buy any program or fund. Past performance is not indicative of future returns.
To include a program in the listings please contact performance@ctaintelligence.com or list at www.barclayhedge.com.

Top performers in November

 NameReturns
Top overall CTAWorldwide Capital Strat (Macro World)24.2%
Top Over $250m CTAP/E Investments (FX Aggressive)20.8%
Top $50m-$250m CTAP/E Investments (Div. Gl. Macro)15.6%
Top Under $50m CTAWorldwide Capital Strat (Macro World)24.2%
Top US Mutual FundAltegris Macro Strategy I4.2%
Top Ucits FundCyril Systematic I6.0%

Top 20 CTAs of 2016

ProgramDec 2016. Return (%)2016 Return (%)2015 Return (%)AUM $m
PacificFront Capital (Futures)12.6128.4N/A7
24FX Global Advisors1.472.027.884
DeltaHedge (VIXVOX)1.169.9N/A2
Alpha Z (Futures Fund)4.163.3108.67
Quantitative Invest. Mgmt (Gl. 3X)10.756.772.2302
Vivienne Investissement (Mach 5)13.348.0-20.325
van Essen, Emil (Spread Trading Ltd)-1.144.911.941
Hartswell Capital Mgmt (MP-1)3.042.091.99
Taaffeite Capital Mgmt (Growth)-4.938.1N/A12
Brandywine AM (Symphony Preferred)21.436.4-52.64
Worldwide Capital Strat (Macro World)0.736.312.91
Capricorn Strategies (FX-DM)4.435.3N/A1
Global Wealth Analytics (Triple M)0.234.211.61
Integra Capital (Investment Fund B)1.834.0N/A9
Commodities Analytics (Daily)0.733.721.03
First Quadrant (TCA L/S USD 20%)-1.032.9-12.2235
Amplitude Capital (Klassik)3.629.4-18.9936
Insch Capital Mgmt (Kintore)4.928.6N/A14
Vivienne Investissement (Mach 3)6.727.9N/A4
Integra Capital (Investment Fund A)2.026.513.39

Top 40 Largest CTAs – 1 month

ProgramDec 2016. Return (%)2016 Return (%)AUM $m
e360 Power Fund, LP11.4-9.7266
Quantitative Invest. Mgmt (Gl. 3X)10.756.7302
Andurand Capital (Commodities)6.822.01610
Progressive (Tulip Trend A)6.718.9275
Tudor Momentum Fund6.24.7370
Kaiser Trading Fund SPC 2X5.96.2493
KeyQuant SAS (Key Trends)5.2-1.2320
Quest (AlphaQuest Original - AQO)4.67.0827
P/E Investments (FX Aggressive)4.613.84500
Revolution Capital Mgmt (Alpha)4.49.7455
AlphaParity (Global Premia BB)4.2-7.2480
Systematica (SAM)4.01.9792
Eckhardt Trading (Standard)3.76.0266
Amplitude Capital (Klassik)3.629.4936
Quantitative Invest. Mgmt (Global)3.616.71779
Man (AHL Div Mkts EU)3.5-7.63700
Man (AHL Evolution)3.36.25100
Aventis Diversified Commodity Fund3.27.3267
Amplitude Capital (Dynamic)3.19.6455
H2O AM LLP (Force 10 USD)3.1-2.412000
P/E Investments (FX Standard)3.09.74500
ADG Systematic Macro Fund Ltd3.014.4398
Crabel Multi-Product (1.5X AA)2.97.01714
Man (AHL Dimension)2.9-1.24900
Niederhoffer, R.G. (Diversified)2.8-12.2777
Lyxor Asset Mgmt (Lyxor/WNT)2.74.0505
AlphaParity (Global Premia A)2.6-4.9480
Transtrend (DTP/Enhanced Risk - USD)2.67.74301
Quantica Capl (Managed Futures)2.57.7419
CoreCommodity (Founders I Fund)2.513.6265
First Quadrant (Essential Beta)2.414.1318
BH-DG Systematic Trading Fund2.32.8326
DUNN Capital Mgmt. (WMA)2.2-5.4557
Boronia Capital (Diversified)2.0-1.2676
Transtrend (DTP/Standard Risk - EUR)2.05.0717
Crabel Multi-Product (A)2.04.91714
Welton Investment (Global Directional)1.911.2463
FORT, LP (Global Diversified LP)1.87.2518
CoreCommodity (Diversified I Fund)1.611.11068
Man (AHL Div. plc)1.6-7.619000

Top 40 Largest CTAs of 2016

ProgramDec 2016. Return (%)2016 Return (%)AUM $m
Quantitative Invest. Mgmt (Gl. 3X)10.756.7302
Amplitude Capital (Klassik)3.629.4936
Andurand Capital (Commodities)6.822.01610
Blue Diamond (Non-Directional)-1.121.8398
Progressive (Tulip Trend A)6.718.9275
Quantitative Invest. Mgmt (Global)3.616.71779
PIMCO (PCAF)1.116.51343
Ramsey Quantitative Systems (GAAF)0.214.5435
ADG Systematic Macro Fund Ltd3.014.4398
First Quadrant (Essential Beta)2.414.1318
P/E Investments (FX Aggressive)4.613.84500
CoreCommodity (Founders I Fund)2.513.6265
John Street Capital (Vantage)-3.111.8287
Splendor Capital (Credence Global)-0.611.6326
Millburn Ridgefield Corp (Divers.)1.211.51608
Welton Investment (Global Directional)1.911.2463
CoreCommodity (Diversified I Fund)1.611.11068
Two Sigma (Compass)0.511.09900
Jefferies (Managed Futures Fund)0.510.0530
Revolution Capital Mgmt (Alpha)4.49.7455
P/E Investments (FX Standard)3.09.74500
Amplitude Capital (Dynamic)3.19.6455
Quantica Capl (Managed Futures)2.57.7419
Transtrend (DTP/Enhanced Risk - USD)2.67.74301
IPM Systematic Macro0.67.43124
Aventis Diversified Commodity Fund3.27.3267
FORT, LP (Global Diversified LP)1.87.2518
Crabel Multi-Product (1.5X AA)2.97.01714
Quest (AlphaQuest Original - AQO)4.67.0827
First Quadrant (TCA L/S USD)-0.36.72309
Kaiser Trading Fund SPC 2X5.96.2493
Man (AHL Evolution)3.36.25100
Eckhardt Trading (Standard)3.76.0266
John Street Capital (Systematic)-1.75.3287
P/E Investments (FX Conservative)1.55.24500
Doherty (RV Growth)0.15.1495
Transtrend (DTP/Standard Risk - EUR)2.05.0717
Crabel Multi-Product (A)2.04.91714
Tudor Momentum Fund6.24.7370
Dominice & Co (Cassiopeia USD)-2.74.3304

Top 40 Medium sized CTAs – 1 month

ProgramDec 2016. Return (%)2016 Return (%)AUM $m
Rotella Capital (Polaris)6.72.462
RCMA Asset Mgmt (Merchant Commodity)6.08.6225
Salus Alpha Capital (DMX)5.71.6150
KeyQuant SAS (Key Trends 15)4.0-0.6205
Quantica Capl (2X QMF)3.916.363
Eckhardt Futures LP3.75.6169
Revolution Capital Mgmt (Mosaic Inst.)3.716.6199
PGR Capital (Systematic)3.6-6.3131
Capital Fund Mgmt (Discus C USD 2X)3.510.959
Rotella Capital (Orion)3.43.552
FORT, LP (Global Futures)3.17.2217
Mizuho Alt. Inv (Sunstone)2.98.654
Eclipse Capital Mgmt. (Gl. Monetary)2.6-8.6137
Quest (Tracker Index - QTI)2.5-4.373
Estlander & Partners (Freedom)2.5-3.8118
AE Capital (Systematic FX)2.47.1204
Mizuho Alt. Inv (Crystal Japan)2.47.9130
Mizuho Alt. Inv (Crystal Global)2.26.5130
Sequoia Capital Fund Mgmt (FX)2.0-6.5102
CenturionFx Ltd (6X)1.918.9107
Rivoli Fund Mgmt. (Int'l. Fund)1.9-4.157
Tarpon Trading (FX-2X)1.910.653
Arctic Blue Capital (3X)1.8-12.2124
First Quadrant (Global Risk GBP A)1.813.8129
Rabar Market Research (Diversified)1.6-0.159
TradeLink Capital (Flagship)1.64.4201
Keck Capital Management1.64.362
Boronia Capital (Risk Premia Plus)1.63.851
Hawksbill Capital Mgmt. (Gl. Divers.)1.60.154
SCT Capital Mgmt (AQT)1.63.5219
Goldman Mgmt (Navigator)1.67.951
Metzler Asset (Nordea 1 L/S MI AI)1.51.994
Hyman Beck (Global)1.54.5175
Metolius (Diversified Fund)1.5-0.1174
Estlander & Partners (Alpha Trend)1.4-1.6193
24FX Global Advisors1.472.084
Bocage Capital (BAC)1.416.058
Conquest Select1.4-0.3237
Goldenwise (Quant Multi Strat)1.310.694
LCJ FX Fund Strategy1.3-1.0100

Top 40 Medium sized CTAs of 2016

ProgramDec 2016. Return (%)2016 Return (%)AUM $m
24FX Global Advisors1.472.084
First Quadrant (TCA L/S USD 20%)-1.032.9235
LJM Partners (Aggr. Premium Writing)-0.225.354
GalNet Asset Mgmt (Alpha Fund)0.419.673
CenturionFx Ltd (6X)1.918.9107
LJM Partners (LJM Fund LP)0.118.6177
Revolution Capital Mgmt (Mosaic Inst.)3.716.6199
Quantica Capl (2X QMF)3.916.363
Bocage Capital (BAC)1.416.058
Global Sigma Group (AGSF)0.815.5102
Tom Capital (Growth Fund)-2.215.166
First Quadrant (Global Risk GBP A)1.813.8129
Millburn Ridgefield Corp (MMM)1.212.5246
Higher Moment Opportunities Fund-0.211.2147
Tianyou Fund LP-0.811.1111
Capital Fund Mgmt (Discus C USD 2X)3.510.959
Salus Alpha Capital (GAX)1.010.670
Tarpon Trading (FX-2X)1.910.653
Goldenwise (Quant Multi Strat)1.310.694
Global Sigma Group (Sigma Plus)0.610.2193
Willowbridge Associates (Primary)1.310.054
IPM Systematic Currency (C)-1.49.6127
Three Rock (Global Macro)-0.79.676
Mizuho Alt. Inv (Sunstone)2.98.654
RCMA Asset Mgmt (Merchant Commodity)6.08.6225
Tactical Invest. Mgmt. (Inst'l Comm)-1.08.552
Goldman Mgmt (Navigator)1.67.951
Mizuho Alt. Inv (Crystal Japan)2.47.9130
Polar Star Mgmt (Polar Star)1.07.4120
FORT, LP (Global Futures)3.17.2217
AE Capital (Systematic FX)2.47.1204
Candriam (Alternative Return System)1.36.9148
Conquest Macro1.16.7154
Mizuho Alt. Inv (Crystal Global)2.26.5130
van Essen, Emil (MSP)-0.96.269
Esulep Mgmt LLC (Permo Fund)0.05.8170
Eckhardt Futures LP3.75.6169
Tarpon Trading (FX)0.95.053
Warrington Asset Mgmt (Strategic)0.64.679
Tanyard Creek Capital (Livestock)-1.24.565

Top 40 Small CTAs – 1 month

ProgramOct 2016. Return (%)YTD Return (%)AUM $m
Bear Commodities (Level II)17.6-12.40.8
Insch Capital Mgmt (Kintore)9.513.55.6
PacificFront Capital (Futures)9.2101.62.9
Geosol Capital8.7-8.142.4
Southwest Managed Invest. (Gl. Div.)8.36.08.2
RAM Mgmt Group (RAM Fund)7.4-13.14.2
MDC Trading (MDLC)7.38.011.8
Red Oak Comm. Advisors7.2-0.228.2
Donald Smith (Futures Fund)7.09.441.7
Advanced Arbitrage Concepts (Acc't 2)6.9-7.66.1
Bluenose Capital Mgmt (BNC EI)5.21.92.2
Capital Fund Mgmt (Discus E EUR 2X)4.817.20.2
Sector Asset Mgmt (EuroPower NOK)4.7-7.721.0
Conover Investments (Oil)4.64.50.2
Trigon (Foreign Exchange)4.31.93.3
White Indian (Alternative Hedge)4.23.13.6
C2 Financial Tech (ScoutAlpha Index)4.11.70.4
SinoPac Asset Mgmt (Multi Strategy)3.8-6.834.0
Worldwide Capital Strat (Macro World)3.79.01.0
Frischmeyer, Michael J.3.54.02.6
Parkestone Capital (Collision)3.21.91.3
PvB (Swiss Equity Futures A)3.2-6.625.8
Principal Global Invest. (Currency)3.14.00.9
Mehnert Capital Mgmt (DTP)3.01.30.9
Rockstead Capital (Fixed Income)2.85.73.0
HB Capital Mgmt (Diversified)2.85.35.7
White Indian (Navajo)2.837.80.3
Altavest PCS (Legend)2.711.44.1
Crescendo Capital (Neutron Decay)2.723.50.2
White Indian (SCS)2.714.50.2
Jones & Company (High Sierra Mehnert)2.7-1.00.9
Alpha Z (Futures Fund)2.650.36.3
DeltaHedge (VIXVOX)2.646.50.7
White River Group (Dynamic)2.618.213.0
RAM Mgmt.Group (MRTP Conservative)2.5-3.16.0
Bayou City Capital2.4-3.46.0
Xenfin Capital (CRT Prime FX)2.32.25.4
van Essen, Emil (LSCP-Accel.)2.24.50.2
1900 Investments (Dynamic Oil)2.2-1.50.1
Bulkara Capital (Systematic Fund)2.24.110.5
LJM Partners (LJM Fund Ltd)2.217.118.0
Bensboro Advisors (Seasonal Trading)2.24.63.3
Impetus Capital Mgmt (S&P Strangles)2.26.59.5
Advanced Arbitrage Concepts (Acc't 1)2.1-3.76.1
Dairy Opportunities2.1-25.73.8
CNV Capital Management2.1-1.01.0
Trading Study (SPK)2.15.80.3
Capital Fund Mgmt (Discus B USD)2.07.940.5
Buckingham Global Advisors (WEP)2.014.71.9
White River Group (Stock Index)1.9-2.741.5

Top 40 Small CTAs of 2016

ProgramDec 2016. Return (%)2016 Return (%)AUM $m
Brandywine AM (Symphony Preferred)21.436.44
Aleph One Fund Mgmt (Isotropic)17.113.04
Covenant Capital Mgmt (Optimal)14.4-26.73
PacificFront Capital (Futures)12.6128.47
Rockstead Capital (Fixed Income)7.610.23
Vivienne Investissement (Mach 3)6.727.94
Prolific Capital Markets (PSS)6.68.813
Fourth Turning Cap. (Renovatio)6.512.07
Kopis Capital Mgmt (Long Short)5.98.91
Zoi Capital (Telio)5.9-1.61
Luke Asset Mgmt (Pinnacle Trend)5.60.42
MKM Vermoegensverw (SOS)5.614.64
Abraham Invest Mgmt (EGD)5.4-5.00
Howards' Hog Fund5.39.10
Amapa Capital (Investment Fund)5.221.27
Bulkara Capital (Systematic Fund)5.17.511
Glendorn Capital (Diversified)5.010.69
Salient Trend Inst. V20 (Incent. Fee)4.9-17.749
Insch Capital Mgmt (Kintore)4.928.614
Qbasis i Trend Fund (EUR)4.8-12.02
Opus Futures4.6-16.121
Capricorn Strategies (FX-DM)4.435.31
Brandywine AM (Symphony)4.412.117
Bluenose Capital Mgmt (BNC CL)4.416.50
Estlander & Partners (Alpha Trend II)4.3-10.313
Eckhardt Trading (Standard Plus)4.26.839
Alpha Z (Futures Fund)4.163.37
DeltaHedge (Boote)4.0-9.52
White Indian (Navajo)4.039.71
Claughton Capital3.93.620
Clarke Cap'l Mgmt. (Worldwide)3.9-23.410
Dimacos Capital (Diversified)3.8-4.22
Capricorn Strategies (Trend II Divers)3.823.01
Henrik Hallenborg (FX Momentum)3.755.21
Niederhoffer, R.G. (Optimal Alpha)3.7-10.27
Capital Fund Mgmt (Discus E EUR 2X)3.712.90
Quality Capital Mgmt (AFP)3.4-2.35
Rotella Capital (Orion Fund LLC)3.43.512
Blackheath Fund Mgmt (Tactical)3.41.58
TrendConcept (MAA)3.4-2.86