Many times many ET traders stated on ET they stopped their CTA program after trying a period of time. Sometimes the reasons/ causes were not clearly/particularly mentioned! What would be the reasons/ causes you could imagine, or according your experience?
1. Tired of regulatory hassle 2. Tired of getting fired by clients. Much of managed money is "hot". Investors expect (and in their eyes are paying for) "superior performance for every reporting period". If they don't get that, they're gone.... looking for some other hot manager to handle their funds. (Can't blame them actually, but "outsized expectations" are common.)