Why do Investors Love Large Hedge Funds?
It’s the always present question mid-size and start up funds ask themselves day in and day out. Alternatives research and analysis firm Preqin tackles the question with some hard data in their most recent piece: “What are Investors Looking For?”, showing that the small and mid-size hedge funds outperformed the largest funds by about 1.7% in 2013:
Is it time to Google “Alternative Investments?”
There were likely more than a few people searching Google for “Alternative Investment Opportunities” with the Dow down over 600 points in a few days, but just what are they looking for, exactly? Something which isn’t going down..that day? Something which can make money if there is an extended down move? Something which has different return drivers than the stock market? We give a break down of the alternative investment world.
The 10 most read Managed Futures posts of 2013
Another year and another reflection back on the year that was. Before we get too excited about 2014, we wanted to review what you found the most interesting managed futures stories of 2013.
“Jackass Investing”
Our apologies if we offended anyone’s sensitivities with the latest newsletter title, but you know we’re big readers around here and we just finished reading one of the highest rated investment books on Amazon (4.7 out of 5 stars) titled, “Jackass Investing”. The book tackles a host of market “truths”, “axioms”, and “words to live by”, systematically taking them apart in a way that warms our heart. Without further ado, here are some of the best parts. We’re also giving away free copies!
Morningstar’s Nadia Papagiannis Demystifies Alternatives:
The highlight of last week’s Alternative Investments Conference for us was definitely Morningstar’s Nadia Papagiannis presentation titled, “Demystifying Alternatives: The ABCs of Alternative Assets, Strategies and Vehicles.” We have to hand it to her, she’s a pro when it comes to alternatives. Since Managed Futures got some of the spotlight, we are reviewing definitions, perceptions, allocation, and our takeaway.
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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