Q1 Asset Class Scoreboard
Bounce. Bounce. 2019 continued to be the year of the bounce – with everyone now in on the act once managed futures finally decided to get in the game with its largest gains since January of 2018. Add it all up and you have everyone solidly in the black in what has become quite the […]
Hailing a ride on the LYFT IPO? View this first.
What do you get when you add 1 part $Lyft, 3 parts Uber, a dash of Pinterest, and pinch of Slack? The return of a potential IPO frenzy, where everyday investors can get involved with some of the most well-known companies of the modern app age. That’s what’s coming for investors throughout 2019, with billions […]
Semi-Annual Managed Futures Rankings (Updated March 2019)
Now that the 1st two rounds of March Madness are out of the way, we’re ready to share our Semi-Annual Managed Futures Rankings. We’ve been analyzing and testing a rankings system that would best reflect what we believe to be the important metrics for measuring skill in this investment space for the better part of […]
March Madness Shows Just How Little We Understand Probabilities
March madness is baaaaacccckkk. And so is FiveThiryEight and others like them running boatloads of statistical analysis to arrive at probabilities for each team advancing through each round. Duke with a 91% chance to reach the Sweet 16 and 52% chance to reach the Final Four. Sign me up, those are some pretty good […]
Here’s how 33 markets performed since the 2009 low
For long-time CNBC watchers, you no doubt remember the now deceased Mark Haynes saying 10 years ago, on the morning of March 10th 2009, that it felt like a bottom and that he thought this rally had legs. It didn’t hurt that the S&P 500 put in a devilish low of 666 the day before. […]
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.
