September 2021 Kettera Strategies Trend Analysis Report
In the dynamic world of managed futures, September 2025 proved to be an intriguing month. The general volatility in most G10 currencies edged higher, creating opportunities across all time frames and trading styles.
The energy markets offered more opportunities than usual given the resurgent prices and volatility. Those longer-term systems that were profitable on the month generally captured the moves in FX (stronger USD) and commodities (long energies, long softs, short precious metals).
The BarclayHedge Currency Traders Index, BarclayAg Traders Index, and NilssonHedge Commodities CTA Index were among the benchmarks that tracked these trends. The Eurekahedge-Mizuho Multi-Strategy Index and the Eurekahedge Long Short Equities Hedge Fund Index also showed significant movements.
The Barclay Crypto Traders Index, which measures the performance of crypto-currency hedge funds, was not specifically analysed for September 2025 by Kettera Strategies. However, the BarclayCrypto Traders Index has gained popularity as a valuable resource for tracking the performance of crypto-currency hedge funds.
The BarclayHedge Discretionary Traders Index, Eurekahedge AI Hedge Fund Index, and Societe Generale Trend Index are other benchmark sources that provide insights into the broader managed futures landscape.
Interestingly, most long volatility and relative value (RV) volatility managers had their best month in nearly 1.5 years. RV strategies that allow for occasional, limited net shorting of vol ended positively. However, specific data or analysis from Kettera Strategies for September 2025 regarding the performance trends for long volatility and RV volatility strategies, currency strategies, systematic trend strategies, or commodities - metals & energy specialists was not found.
The performance of Systematic Trend Strategies was slightly negative on average, but September showed some of the widest dispersion among returns in a long time. The CBOE Eurekahedge Relative Value Volatility Hedge Fund Index and the IndexIQ Hedge Global Macro Beta Index are resources that offer insights into these trends.
In the world of base metals, most traders had a challenging month, while precious metals traders fared better and were more prepared to trade from the short side of markets. Emerging currencies clocked in their worst performing month since March.
The views expressed in this article are those of the author and not necessarily those of AlphaWeek or The Sortino Group. This article is a guest article from Hedge Funds and is related to Managed Futures.
In conclusion, September 2025 was a month of opportunities and challenges in the managed futures space. As always, it is crucial for investors to carefully consider their strategies and risk appetites when navigating these markets.
In the realm of managed futures, the rising volatility in currency markets offered opportunities for numerous trading styles, particularly those investing in energy markets. The popularity of the BarclayCrypto Traders Index, which measures the performance of crypto-currency hedge funds, signifies its potential as a resource for technology-oriented investors. Moreover, the appreciation of precious metals and emergence of challenges in base metals and emerging currencies call for strategic decisions in investing.