The Mysteries and Makings of Machine Learning with Dr. Ernie Chan of QTS Cap
Does all this Machine Learning stuff really work? If it’s so good, why aren’t AI powered hedge funds printing money? And what is the difference between AI, machine learning, deep learning, machine trading, and more. Today’s guest is one that’s been at the center of the AI/MT/ML universe for over four decades. Ernie Chan runs […]
Don’t Buy the Narrative (and It’s All Narrative) with Epsilon Theory’s Ben Hunt
Our guest today is somewhat of a modern philosopher, mapping out how the investing world sees the real world, while at the same time questioning his own place in that world and how he can change it for the better. Ben Hunt, Co-Founder of Second Foundation Partners and creator of the Epsilon Theory blog, joins […]
10 Options Definitions You Need to Know
If you’ve been seeing a lot of tweets and other social media mentioning things like GEX, Vanna, Fixed Strike Vol, and more – but have been left scratching your head a bit to keep all these ‘inside baseball’ terms straight – don’t worry. We’ve equated options trading to an ever-changing three-dimensional chess board with flying […]
No President Yet, So Market Rallies – Huge What ^%$#?
Votes are being counted, CNN and Fox are on 24-hour reporting cycles, and Tweets/FB Posts/Texts are still being sent out at lightening speeds. What happens if a winner isn’t announced for 2 or more days? What happens if President Trump remains in power? What happens if former Vice President Joe Biden takes over as POTUS? […]
When a VIX Spike Doesn’t Equal Volatility
Did it feel like the VIX was up 45% in October? It sure didn’t look like it when reviewing various “Long Vol” funds across the hedge fund space or watching the VIX futures day in and day out. Not to mention the stock market falling just little more than -2%. Which brings us to the […]
Disclaimers
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any 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.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, 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.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
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Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
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