Now that the dust has settled somewhat after the mini crash of last Friday and Monday – we’re getting calls fast and furious asking how managed futures fared during the Dow losing a few thousand points.
Here’s how the Managed Futures indices did on Monday, and how they stand so far for August and YTD versus the S&P 500.
But people don’t invest in indices, they invest in actual programs – which usually wait until the end of the month to report performance. Thinking that may be a little too long for many to wait in order to see how specific programs handled this volatility – we compiled some estimates of different programs we work with each day:
(Note: All performance for August 24th and MTD are estimates.)Here are how the Attain Funds are doing:
Past performance is not necessarily indicative of future results, but this is a real time, real life example of why investors put programs like these in their portfolios, zigging while the market works out one heck of a zag…
P.S. – Systematic trending following strategies typically rely on trends that last multiple weeks or months to capture returns, especially the ones referred to when talking about crisis period performance. If this volatility is just the beginning of a substantial move lower, we could see some big numbers as we enter fall. But If Monday was the peak for this bout of volatility, this could be quickly forgotten by trend followers.
P.P.S. – It’s worth noting that that the managed futures space has not only different categories but also different strategies within those categories. The strategies that have been experiencing good returns (like options traders) over the past couple of years have been giving back those returns rather drastically since the recent uptick in volatility.
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.