Managed Futures August Performance

Even since we witnessed an uptick in market volatility last month, we’ve all been curious to see which alternative investments were able to capture returns off of a “correction” or mini-crash. We did our best to highlight a couple of managed futures managers that captured the market volatility, but the question remained, how did managed futures do as a whole?

Managed Futures Indices Performance August 2015(Disclaimer: Past performance is not necessarily indicative of future results)
Barclayhedge CTA Index: 30% of funds reporting

The four Managed Futures Indices we track (primarily of trend followers) were down an average -1.90% on the month of August, and down -1.60% YTD. The Morningstar Managed Futures Mutual Fund Category had similar results, down -2.67% in August, and -1.39% on the year (performance as of (8/31/2015) {Disclaimer: Past performance is not necessarily indicative of future results}.

Now, we’re well aware that it’s just one month, and that even those alternatives who lose money are likely to do it in a less volatile way than pure stocks. But this really comes back to why investors bought an alternative and what they are expecting out of it. If they’re expecting negative correlation (often times conflated with non-correlation). Here’s a table to help you understand that managed futures is non-correlated. Those interested in Managed Futures should be looking to see how Managed Futures performs during a full on, months long actual crisis.

From a strategy standpoint, we know that trend following strategies struggled while short term and relative value managers we track were able to capture returns from the whipsaw markets. But those are just three strategies in the managed futures space. As we discussed in our yearly strategy review, that’s just a fractional of the strategies, all designed to produce different return drivers.

It will be interesting to see how these same managed futures managers respond the markets post-jolt. It will be interesting to see if September proves to be as if you shocked yourself from a plugin outlet, or a full on shock to the system.

P.S. –Attain’s Family of Alternative Funds performance will be up soon. Sign up here to get an email of the monthly performance and research updates on the family of funds.

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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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