Sovereign debt may trigger CTA opportunity, says PJM

Peter Matthews runs $250 million in managed futures assets for Virginia, USA-based PJM Capital. Last week he was travelling around Asia talking to potential new investors, hosted by PMJ's third-party distributor, Signature Advisors. Following a bonanza year in 2008 when the strategy was up 18%, 2009 proved to be something of a damp squib for managed futures strategies and on average funds were up just 2%, according to Eurekahedge. "We were down 5% in 2009, which is the first annual …