Finra Warns on Alternative Mutual Funds:
Somebody wake up the people at Finra… Their recent Investor Alert is raising the caution flag about “Alternative Investing,” but they are going about it all wrong. They’re putting the increased disclosure on the investors, instead of the packages and products.
The Trend Nobody’s Talking About
Since 2011, coffee has has been on a multi-year decline, but few CTA’s have been following this trend. We reached out to one who has for some insight into this market and why so few managers tend to trade it.
Run the Other Way…
As the saying goes, “If it sounds to good to be true, it probably is…” Want to know the easiest way to be separated from your money? We’ve put together a few examples we’ve spotted while roaming the internet.
Gundlach’s Next Call – Short Gold
Gundlach’s big calls last year for Short Apple/Long Natural Gas and Short Yen/Long Nikkei turned out to be right on the money. But with those winding down, he has a new predication. This time it’s gold. So where does he see it going?
A Tale of Two Mays
We know… we know… May is almost an afterthought at this point a full week and a half of trading later, but we can’t help but look back with some sense of interest at how markets diverged last month as compared with May one year ago… and why managed futures welcomes the change.
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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