The story of October was one of fall – world stocks rose and cash remained basically flat, but every other asset class on the scoreboard ended the month lower. Unfortunately, our favorite asset class posted the deepest loss, dropping managed futures to just shy of -3% on the year (Disclaimer: past performance is not necessarily indicative of future results).
As far as the rankings go, the scoreboard has changed very little since last month. Commodities dropped into negative territory, falling behind cash. Otherwise the rankings remained unchanged, and based on the benchmarks we use, real estate further solidified its lead as the best-performing asset class of the year. With only two months left to go, only a serious disruption could shake up the scoreboard at this point.
Managed Futures = Newedge CTA Index, Cash = 13 wk T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds = DJCS Core Hedge Fund Index
Commodities – iShares GSCI ETF (GSG), Real Estate = iShares DJ Real Estate ETF (IYR)
World Stocks = MCSI World Index (ex USA), US Stocks = S&P 500
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.
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