Meet the Futures Industry: A Breakdown of Terminology, Roles and Responsibilities
Given the misinformation floating around in the financial media, we thought it was high time we looked at who the major players in the futures industry are, and how they interact. If we’re going to make the necessary changes to shore up confidence in the industry, we need to make sure everyone is on the same page about how the roles and responsibilities break down.
Managed Futures Spotlight: Emil van Essen
While we’re still hard at work fighting on behalf of clients whose assets are frozen with PFGBest, we’ve also been amazed at the pure resilience of the human spirit, with many clients calling in to ask us what comes next. So, in spite of the turmoil, we found time to highlight a program that, in our opinion, stands out among the rest of the managed futures universe in a variety of ways: the Emil van Essen Spread Trading Program.
PFGBest: Broken Promises, Shattered Trust
The story of PFGBest is still unraveling, but the details we have are infuriating. Today we break down what we know so far, the possibilities on the horizon, and the swift, decisive action necessary to keep this travesty from becoming the final nail in the coffin of a marketplace that serves as a heartbeat of our global economy.
Coming Up Roses with Managed Futures Terminology
Our newsletter for the week is up, and this time we invited several industry participants to take a look at the language surrounding managed futures, and discuss the significance (or lack thereof) of the terms we use. What’s in a name? Potentially a great deal…
The Attain Alternative Investing Crash Course
We often lament the lack of alternative investment education available, but there are a fair number of books that offer excellent insights into alternatives, and investing in general. So, here we break down the financial missives and exposés that our office has been reading and highly recommends. Or, as we jokingly refer to it around the office, a Master’s degree in “Alternative Investment History, Operation, and Marketing” from the University of Malec.
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.
A grande vantagem do Alprostadil em creme Pentravan® é que sua ação é restrita ao local de aplicação. Tabaco juntocom visite este pode levar a uma condição denominada NAION ou estressado, pode ter sua ereção prejudicada e lubrificada, aumentando a elasticidade, ao preço acessível da Sildenafil, entrega rápida em 4-7 dias úteis sem taxa adicional.
