Trend-following hedge funds start July with a stumble Submitted By Hugh Leask | 12/07/2021 - 4:37pm Trend-following hedge funds and CTA strategies have dipped slightly in recent days after ending the first half of the year in positive territory, Société Générale’s CTA indices show, but the sector is well-placed to capitalise on commodities and equities trends going forward. SocGen’s main CTA Index – a daily performance barometer of 20 of the largest managed futures hedge funds’ returns – lost 1.14 per cent in the opening week of July, having earlier ended the first half of 2021 up 6.51 per cent.