Dominion Capital- Bouncing Back

We had the pleasure of sitting down with the fine folks from Dominion Capital in our offices on Friday. Dominion, an Attain recommended short-term multi-market program, has begun to bounce off the lows of their current drawdown over the past two months – which was, coincidentally, predicted by both Dominion and Attain (from our year in review ).   As we put it,

“the opportunity is ripe for any clients who have been waiting for an opportune time to start a good short term program like Dominion. The fact that entire sector including industry stalwarts like QIM and Crabel had a tough 2010, suggests a value opportunity in the short term arena. In fact, Attain likes this opportunity to invest in a drawdown so much, it has invested $1 Million into the program through its subsidiary Attain Portfolio Advisors.” 

They aren’t quite back at equity highs (meaning there’s still opportunity to start investing with them), but they appear well on their way, having earned back about a quarter of the DD with a gain of about 3% so far this year. According to Dominion, the bounce has come from multiple markets, with trading in softs, grains, interest rates, energy and stock futures pushing the program higher.

Per our meeting, they are excited about some new systems and models which have resulted from their ongoing research, and will be looking to expand the program’s diversification with the addition of these models soon.  While some new models will make it into their stable of programs, the underlying structure of the program will not change – which is to allocate the most capital to the top performing markets and models in their extensive quiver of programs.

Dominion says that these new models would have helped reduce their drawdown from last Fall (partially by giving them the option to kick out poorly performing models/markets ), but that they were not designed to accomplish that – they were designed to stand on their own.

The flipside of this, though, is that the new models, when implemented, have the potential to slightly increase volatility in the portfolio, if and when all models are active at the same time. Current average margin is in the range of 5%, but with larger accounts incorporating the new models, investors may see a slight increase in margin.

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

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