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The Market Impact of CTAs and Trend Followers

6th March 2023



Alan Dunne joined Niels Kaastrup-Larsen on Top Traders Unplugged podcast recently to discuss the evolving macro landscape, current markets and the performance of CTAs.


They discuss how markets have gone from pricing stagflation, to a soft landing, to a goldilocks scenario, to no landing and discuss a paper Alan wrote on the Long and Variable Lags of monetary policy.


They discuss the size of the CTA industry, its market footprint and how market commentators frequently misrepresent the trading activity of trend followers.


They review a recent paper which seeks to measure the market footprint of CTAs and wrap up with some observations from their recent podcast series focused on the largest managed futures managers.




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