While most of us in the futures industry would like to forget the Peregrine Financial Group (PFG) story, we believe it pays to remember past mistakes so they don’t happen again in the future. As a reminder, the PFG story was that of one Russel Wassendorf Sr. and his becoming known as the “Madoff of […]
What do the likes of Blackrock, UBS, and Goldman Sachs have to say about where markets are headed in 2020. Here’s the links, with our favorite chart from each: Goldman UBS Blackrock Nuveen JP Morgan Wells Fargo Natixis Cambridge & Associates Other Links: Schwab Market Perspective: […]
RCM’s Jeff Malec was able to sit down on a panel at Profit & Loss magazine’s annual Forex Network conference here in Chicago, to talk profit and loss in the managed futures/macro space (Which sort of reminds us of the new Allstate commercial talking about being a tailgator tailgating on the way to a tailgate). […]
Think not…? Then email email@example.com and let the SEC know. For those of you who don’t remember Jon Corzine, he’s the ex-Goldman senior partner-turned US Senator-turned New Jersey Governor-turned CEO of futures clearing firm MF Global. Just one little problem with this story…as the picture below alludes to, his tenure at MF Global saw him […]
The annual Pinnacle awards show put on by the CME and BarclayHedge (now Backstop solutions) does as good a job as any in promoting the industry and awarding those who have stood out in the recent past for their good performance. Which is why we have been proud to sponsor the event for many years. […]
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.