While we’re still hard at work fighting on behalf of clients whose assets are frozen with PFGBest, we’ve also been amazed at the pure resilience of the human spirit, with many clients calling in to ask us what comes next – what opportunities are available for those seeking managed futures exposure through a stable, law-abiding clearing firm? After all, the global economy is still inching towards a fiscal cliff dance with a Eurozone collapse, and non-correlated investments could be a very important portfolio addition to well-suited investors.
So, in spite of the turmoil, we found time to highlight a program that, in our opinion, stands out among the rest of the managed futures universe in a variety of ways. This was good news for us, as it can be difficult to write with any sort of gusto about the technical aspects of CTAs. Sure, one can break down the quantitative nuances between different trend following programs, and if you’re numbers nerds like us, you may find yourselves enraptured by how one twist on one metric can produce such unique results. For most people, though, the complex algorithms punctuated by Greek letters are of little consequence; they just want to understand why the program works without getting a degree in advanced mathematics first.
And then there are programs like the Emil van Essen Spread Trading Program (EvE). We spotlighted them a little over a year ago, and, typically, would not revisit the program in a newsletter for another couple of years, but developments in the program and company, combined with increased interest in a manager that has truly made a name for himself over the past several years, warranted some additional attention. Well, that, and they’re just a lot of fun to describe. To really understand why EvE is worthy of taking center stage again, you have to look at the big picture – from the manager’s background to the evolution of the trading to the goals they have on the horizon.
To see what we mean, check out the full breakdown here.
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.