August 28, 2017
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Eighty-nine percent of futures markets experienced a contraction of volatility in the first six months of 2017, which translates to a lack of trends for typical systematic Managed Futures managers for find Alpha from. Don’t look now – but there might be some needed movement taking shape in some markets. First up, the greenback. The U.S. Dollar Index is now off 10% on the year, breaking into new 16 month lows. Everybody is thinking: will this be the break lower that starts a prolonged downtrend – and if so – for how long?
Is it Hurricane Harvey? Is it Emerging Markets booming? Is it the Euro hitting 2 and a half-year highs (half of the Dollar index is measured against the Euro)? Is it the failure of Trump to pass major policy initiatives? Whatever the reason, the U.S. Dollar trend (up or down) is a friend of Managed Futures, and if it drops further into the 80’s, this might just be the trend many Managed Futures programs could take advantage of. This isn’t to say there are other future markets making moves. The V-shaped gold market is now hitting its highest levels since the election – and Copper is hitting two and a half-year highs.
(Disclaimer: Past performance is not necessarily indicative of future results)
For most of the futures markets, 2017 has been nothing but V-shaped reversals filled with range bound charts. At these new markers the winds of change? Is this what the majority of Managed Futures strategies have been looking for? Stay tuned.
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.
The programs listed here are a sub-set of the full list of programs able to be accessed by subscribing to the database and reflect programs we currently work with and/or are more familiar with.
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.
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