Top 10 Managed Futures Programs of 2013

We’re giving in… Despite our constant advice that such lists provide little insight into who the best managers will be moving forward, and that the managers on this list are unlikely to be the one’s on the top performers list next month or next year, as manager performance reverts to the mean just like stock and commodity prices; people still want to know who the best performers were for the year and monthly periods.  Note that we do our semi-annual rankings a little differently (new rankings due out in two weeks), but for those interested in performance above all else, here’s the top performers for December and the year gone by:

Top 10 CTA's in 2013'13 RORMax DDMin Invst.
1. Bayou City Capital (QEP)39.96%-80.35%$100,000
2. Redleaf -- Fallback38.12%-16.81% $25,000
3. DUNN -- World Monetary (QEP)34.18%-60.05%$500,000
4. Diamond -- Enhanced S&P26.42%-10.82%$150,000
5. Chesapeake -- Diversified (QEP)25.39%-31.56%$5,000,000
6. QMS Capt. --Global Macro (QEP) 22.90%-10.33%$25,000,000
7. Dominion Sapphire -- (QEP) 19.25%-17.32%$1,000,000
8. Diamond Peak -- Long/Short16.44%-26.27%$250,000
9. Quest -- Alpha Quest (QEP)15.82%-24.60%$1,000,000
10. Graham Capital (QEP)15.54%-30.59%$3,000,000
Attention: The internal data of table “4” is corrupted!

(Disclaimer: past performance is not necessarily indicative of future results. Programs listed consist of those tracked by Attain Capital Management for investment by clients via managed accounts and do not represent all available programs in the managed futures universe.  The Max DD represents the worst drawdown of all time for the listed programs, to provide a measure of the risk involved in each program).

5 comments

  1. Didn’t Mulvaney or whatever their name is have a 40+ percent return?

  2. Hey Aaron! Yes, Mulvaney had a great year. Check out our disclaimer below the tables. Mulvaney is a fund, and we only list programs accessible via a managed account.

  3. Frightening ! Risk /Ratio just frightening ! I am lost for words. And these are top CTAs ? Under what criteria ? This ranking doesn’t make any sense at all !
    You are ranking Dunn as #3 ? they took a risk of losing 60% in order to produce 30%. This is just wrong. Your calculation and its result ranking is misleading, inadequate and outright disrespectful to the CTA community as a whole.
    My apology but this is just wrong.

    Kindest regards
    Pascal Guessas
    CTA

  4. Hello, Pascal! The rankings are solely based on return for the year and for the month of December. Also, the drawdown is of all time, not just the past year. If you see in our commentary above the tables, we warn that it’s never a good idea to pick a manager just off of returns, as is does not consider multiple aspects, primarily risk. Every six months, we come out with our true Semi Annual CTA Rankings. which is designed to identify those programs we have identified as being the best in class across different metrics related to return, risk, correlation levels, ease of access (minimum account size) and length of track record. Watch out for that in the next two weeks.

  5. thank you for the explanation. I still believe that Attain would be better of by not publishing such a ranking as it can be confusing and would suggest to publish a proper ranking list based on your response.
    I believe that it would serve better our community.
    kindest regards
    Pascal

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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.