August 9, 2017
There are five common styles of systematic investing: value, momentum, carry, defensive, and trend. While each investment manager may have their own unique approach to implementing these styles, they generally follow the same overarching concept.
A Gentle Guide to Global Tactical Asset Allocation – (Flirting with Models)
In a world where every kernel of publicly available intelligence is quickly processed and acted upon, investing advantages can evaporate quickly. In quant speak, the alpha gets arbitraged away.
Quants Are Clamoring for Data, Causing Soul Searching at Large Banks – (Bloomberg)
The company’s profit from trading fell in just about every category last quarter, with net income from currencies and commodities taking the biggest hit, each declining some 30% versus the same quarter last year. The company’s share price fell by 8% in early trading.
Even when they’re profitable every day, high-frequency traders aren’t making much money – (QZ)
Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump’s presidency than they did during the first six months of 2016, a comparable period in the Obama administration, according to a Wall Street Journal analysis.
Regulators’ Penalties Against Wall Street Are Down Sharply in 2017 – (Wall Street Journal)
What if the biggest black swan over the coming decades is no black swan events?
10 Questions – (A Wealth of Common Sense)
What happens if the S&P 500 were to fall 3.5% today?
“If The VIX Goes Bananas” This Is What It Will Look Like – (Zerohedge)
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.