Investor interest in liquid commodity trading advisors (CTAs) and currency-focused macro hedge funds has accelerated since 2008, according to a survey by Citi Prime Finance.
The survey, released at the Managed Funds Association??s annual conference in Chicago, revealed managed futures?? assets under management (AuM) grew 52% between 2007 and 2011, while hedge funds?? AuM increased by just 5%. Managed futures now account for 14% of total hedge fund AuM. ??The pace of growth in the CTA and macro space remains strong and I believe it will continue to grow,? said Sandy Kaul, US head of business advisory at Citi Prime Finance in New York.
Kaul expects that more capital will flow into those strategies over the next few years as other institutions follow market leaders into the CTA and macro space.
