Our newsletter isÂ out for the week, and itâ€™s time for another managed futures spotlight.The last three years have been challenging for multi-market managed futures programs, to say the least. The cycle started in 2008 with the financial crisis. Most multi-market programs thrived in the fast paced trading environment of â€™08, as the just the right mix of market trends and volatility mixed to produce one of the best economic climates CTAs have seen in decades.
Since those historic days, multi-market managers have felt the full brunt of the financial crisis, with government bailouts and quantitative easing initiatives making markets more choppy (less trends) and much less volatile. The result has been average to subpar performance across the last 3 years, with multi-market managers struggling in 2009, making a moderate comeback in 2010, and down so far this year. One manager that has held up and produced consistent results during this tumultuous time for multi-market CTAs is Auctos Capital Management.
To learn more about the dynamic background of this QEP only program,Â click here.
Forex trading, commodity trading, managed futures, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors.
The entries on this blog are intended to further subscribers understanding, education, and â€“ at times- enjoyment of the world of alternative investments through managed futures, trading systems, and managed forex.Â Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts.
The mention of asset class performance is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.) , and investors should take care to understand that any 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:Â such as survivorship and self reporting biases, and instant history.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the clientâ€™s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.