Know Thyself: Investor Self-Reflection
Managed futures isn’t for everyone, but how do you know if it’s for you? When someone calls us asking about managed futures, we often ask a series of questions to determine whether they’re well-suited for an investment in the asset class, and what type of investment in the asset class should be made. Trying to figure out if it’s a good fit for you? There are a few questions you should ask yourself…
Managed Futures Spotlight: Newport Private Capital LLC Optimal Income Program
Our weekly newsletter is up, and this time we’re taking a closer look at one of the CTAs from last week’s rankings. Typically, the days following the release of our Semi-Annual CTA Rankings are always busy, with clients and would-be clients alike calling in to get as much information as possible on the select few who make the cut. It should come as no surprise that the CTA which receives the top ranking is often the one that gets the most general interest. To help answer this interest, we have traditionally followed-up our rankings release with a newsletter spotlighting said top CTA…
What a Falling BDI Indicates (Hint: Maybe not much)
We’ve been keeping an eye on the Baltic Dry Index (BDI). By keeping an eye on it, we mean watching it plummet faster than Kim Kardashian’s heart after getting turned down by Tebow. The theory is that as goes the BDI, so go commodity prices. But is this always they case? We ran the numbers to find out.
Buyer Beware – Know Who Holds Your Money
Navigating the waters of sophisticated investments can be difficult, to say the least. Unless your background is in finance, the terminology alone can be overwhelming. Of course, it doesn’t help when terminology is misappropriated (like Wisdom Tree calling its ETF “managed futures”), or when people who know little to nothing are able to sound like they do by relying on seemingly seamless use of jargon to boost their credibility.
Case in point: the lovely (heavy sarcasm) stock broker (we think) who was next to one of our associates on a flight from Chicago to New York this morning, doling out advice to some finance newbies. He was regaling them with stories of how to make money, and his “market” advice, without any kind of reasons or numbers provided to support his “wise” direction…
A Mostly Intelligent Managed Futures Rebuff
In the beginning of a new year, it’s common to see personalities from across the financial world chiming in as to what asset classes you should be investing in as you modify and tweak your personal portfolio, so it wasn’t all that surprising to see a piece up over at RegisteredRep.com addressing managed futures. After all, with asset flows continuing into the space, understanding how, why and if you should invest in managed futures is important. To be entirely fair, we’ll give the author props for addressing the opportunity in a more intelligent manner than most. Let’s break it down…
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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