Alternative Links: Low or No Fee Alternatives

Despite Commodity Trading Advisors’ reputation as portfolio diversifiers, a decomposition of the most prominent factor exposures in the SG CTA Index suggests that just four factors collectively explain an outsized fraction of the index’s risk. Additionally, average current long exposures to both equities and bonds are elevated, potentially compromising the amount of diversification CTAs truly offer.

CTA Market and Portfolio Diversification – (Two Sigma)


The $15.4 billion Hawaii Employees’ Retirement System, Honolulu, allocated a total of $1.6 billion to seven managers earlier this year for its new crisis risk offset portfolio, including three managed futures managers and three alternative risk capture managers. One manager runs the portfolio’s Treasury-duration capture strategy.

Investors start to prep for market disruptions – (Pensions & Investments)


“The hedge fund industry has been under pressure to offer lower fee alternatives for some time,” said Sol Waksman, founder of BarclayHedge, in the statement. “We expect that these pressures will continue and that low or no fee products will continue to grow.”

BarclayHedge Survey: 36% Of Managers Offer Low- or No-Fee Alternatives To Investors – (FIN Alternatives)


Demand for protection against large moves has jumped to the highest level since June 2016

Hedging Surges With Revival of Market Turmoil – (Bloomberg)


Boston Consulting Group estimates that as of year end 2016 there was close to $70 trillion in assets under management globally (meaning money that paid a fee for the management of assets). Here’s the breakdown showing the growth in worldwide AUM since 2002:

How to Get Rich with Alternative Investments – (A Wealth of Common Sense)


Robots, it turns out, are congregating densely in some places but are hardly found in others. Specifically, the map makes clear that while industrial robots are by no means everywhere, they are clustered heavily in a short list of Midwestern and Southern manufacturing states, especially the upper Midwest.

Where Robots Are – (Brookings)

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.