Trends Turn Friendly, CTAs Report A Rare Rise In September

Managed Futures traders, which are also known as trend followers, record a rare rise in the first two weeks of September, before the highly anticipated and misjudged Fed meeting took place. Just a few weeks ago, we reported the ubiquitously dull numbers that trend followers had posted in August, it seems that this month will be a different for the strategy. HFRX Macro/CTA Index is up 0.6 percent for the month through Sep 19, and the index was down 0.84 percent in the last month. CTAs/Managed Futures strategies posted the largest decline in August according to all hedge fund monthly…