That’s right, the wait is finally over. After losses in four of the past five years, managed futures finally shook off the rust and posted strong gains in 2014. Strong enough gains, it turns out – to erase the aforementioned losses and push most managed futures indices to new all time highs. If only someone had been saying managed futures was a great buying opportunity back at the end of 2013.
Anyway, the various indices we track averaged a double digit gain, good enough for best performing hedge fund strategy of 2014 and a thorough thrashing of managed futures very distant cousins – long only commodities ($GSG -37.19%, $DBC -31.06%, $DJP -19.59%). Although not quite good enough to beat the ever resilient US stock market (they need to leave something for an encore).
How and why – it comes down to the US Dollar and the big move down in energy markets. For more on how managed futures could have possibly foreseen Crude Oil falling over 50% in 6 months – check out our 2014 Strategy Review here (hint, it’s not as magical as you think). For now, let’s enjoy the ride while it lasts:
(Disclaimer: Past performance is not necessarily indicative of future results)
(BarclayHedge reporting 61.38% of funds, numbers subject to change)
P.S. –Most of the Attain’s Family of Alternative Funds outperformed the indices themselves. To get monthly performance and research updates on the family of funds, sign up here.
The performance data displayed herein is compiled from various sources, including BarclayHedge, RCM's own estimates of performance based on account managed by advisors on its books, 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.