Alternative Links: Impact of Managed Futures

Therefore, when it comes to deciding which, if any, CTA to add to a portfolio, there is no single question to ask. There is no simple approach, and it usually involves a combination of factors. Some investors focus entirely on the quantitative aspects of the CTA and these cannot be ignored.

Managed Futures – Riding the Wave – (AIMA)

 

AIMA did acknowledge that dedicating 40%, or even 20%, of a portfolio to managed futures is unrealistic, but the group wanted to show the impact from the viewpoint of modern portfolio theory, noting that even a small allocation would offer improved risk and return benefits.

 CTAs can still have a seat at the table – (Pensions & Investments)

 

The firm has gone from viewing AI with skepticism to making it a cornerstone strategy. Among the company’s biggest expenditures now is computer equipment—along with hiring engineers to keep up with the technological change and the ensuing growth. AI is now not only out of the nuclear bunker but on a pedestal. “It went from a total isolation to ‘OK, you are allowed to sit at dinner with the rest of us, but don’t talk’ to the point where it’s become a part of the family,” Ellis says.

The Massive Hedge Fund Betting on AI – (Bloomberg)

 

The best option would be to fix the existing IPO. Lockup periods on shareholders could easily be smarter. Investment banks could bring a variant of the auction process into their price-setting to reduce the first-day pop. And the company coming to market could get more say over the type of investor who gets stock, reducing the banks’ ability to help their clients.

The Modern IPO is Useless. Let’s Reinvent It – (Wall Street Journal)

 

“The consensus is you cannot time a managed futures investment,” Dolfin told ValueWalk. He then proceeded to pull out empirical data dating back to 1980 that he says proves the consensus wrong.

Hot Debate: Steben Says A Managed Futures Investment Can Be Timed – (ValueWalk)

 

Every cognitive bias is there for a reason — primarily to save our brains time or energy. If you look at them by the problem they’re trying to solve, it becomes a lot easier to understand why they exist, how they’re useful, and the trade-offs (and resulting mental errors) that they introduce.

Cognitive bias cheat sheet – (Better Humans)

 

The top 1% saw their share of income rise to a new high of 23.8% from 20.3% in 2013. The income shares of the bottom 90% fell to 49.7% in 2016.

The top 1% of Americans now control 38% of the wealth – (CNBC)

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.

logo