Checking in on Liquid Alternatives
A popular product bring in tons of assets… what could go wrong? Well, if you’re a frequent reader of our blog, you’ll know we’re not the biggest fans of Liquid Alternatives. This isn’t the most popular opinion to have, which is why it’s always nice to see someone else in the business share some of the same thoughts. We’re talking about Concept Capital’s Jack Seibald’s interview on Hedgeweek.
Futures vs ETFs (Roll Time)
Here’s our monthly look at the various commodity ETFs and how they track a simple strategy of buying end of year futures and rolling them annually. As we’re here in December, it’s worth mentioning that we’ve already rolled the contracts in our simple strategy, using the last date of October as our roll date. Using Crude as an example, on 10/31, we would sell the Dec. 2014 Crude contract and simultaneously buy the Dec. 2015 contract, then hold the Dec. 2015 contract through next October.
Make a Kid Happy, Instead of Making us Fat
If you are one of those kind souls looking to send a holiday gift to Attain, here’s our official plea to do something more constructive than the $300 Harry and David basket containing 80% packaging and 20% food (90% of that chocolate covered).
6 Takeaways from the Performance of 8 Asset Classes YTD
While us Managed Futures folk are a little giddy over recent performance (the best performing asset class the past three months), even we need a reminder that Managed Futures strategies (and true alternative investments) aren’t trying to outperform stocks or real estate
The Best Tweets on Crude Oil’s Crash
January 2015 WTI Crude just hit 60, and minute by minute, day by day, those people calling for crude to Zero aren’t looking silly after all. Social Media is one of the best ways to get rapid reaction from multiple sources, and see what people are talking about and why. Here’s our crude rapid reaction edition of what we found interesting, important, and entertaining on Twitter ($TWTR). Enjoy.
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.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
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.
See the full terms of use and risk disclaimer here.
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