For example, a number of hedge funds will seek to exploit differences in the price of cash Treasuries and equivalent futures. That could explain large futures selling to coincide with buying cash securities — the net position is flat but it appears in the data as a short position. Hedge funds and asset managers take […]
Author: rcm-alternatives
10
Feb
2017
08
Feb
2017
If Ed Thorp was a Legend, What’s that Make these guys?
Ed Thorp is a legend in the Hedge Fund / Managed Futures / Global Macro space, but it’s not every day he gets the spotlight in today’s Dow 20,000 meme filled clutter that is financial blogging. That changed recently, however, when one of the bloggers for Ritholtz Wealth Management (Michael Batnick) outlined Thorp’s backstory and […]
08
Feb
2017
Alternative Links: FXCM Banned
FXCM has been banned from operating in the U.S. after the Commodity Futures Trading Commission found the retail currency broker had an undisclosed interest in the market maker that consistently “won” the largest share of FXCM’s trading volume – and thus was taking positions opposite its retail customers. FXCM banned by CFTC after taking positions […]
07
Feb
2017
The Pulse of the Managed Futures / Global Macro World
Despite no snow fall since Mid-December in Chicago, we witnessed a solid eight of nine days straight with the sun nowhere to be found. In its midst, we set off for the Sunshine State to warm Miami, where MFA and Context Summit took place one right after the other. It seems Florida in February is a great […]
06
Feb
2017
Managed Futures 2016 Strategy Review — Short Term Systematic
By now, everyone has crunched the data for the 2016 returns of Managed Futures. Across the indices that track the asset class show it ending the year in the red. Nothing to induce panic and mass outflows (actually quite the opposite), but nothing to write home about either. But what went on in the Managed Futures […]
03
Feb
2017
Weekend Reads: Under-Allocated to CTAs
I think people are under-allocated to CTAs. It’s a good way of getting the (risk mitigating) medicine to the patient . . . But investors are return chasers and last year was not a good year,” he says. Trend-following funds need to find their footing in 2017 – (FT) In the decade after Ed thorp launched Princeton Newport […]
01
Feb
2017
More of the Same
If you were hoping for some different market moves in 2017, better luck next month. It was more of the same in January, with the DJIA finally limping over the 20,000 mark and world stocks posting a +3.51% return (here’s the countries that make up “world stocks.” Meanwhile, Bonds, Real Estate, Hedge Funds, squeaked out […]
30
Jan
2017
Managed Futures 2016 Strategy Review – Trend Following
By now, everyone has crunched the data for the 2016 returns of Managed Futures. Across the indices that track the asset class show it ending the year in the red. Nothing to induce panic and mass outflows (actually quite the opposite), but nothing to write home about either. But what went on in the Managed Futures […]
25
Jan
2017
Alternative Links: $10.3 Billion Inflow
The game plan that received the most new cash over the 12 months was managed futures, attracting a net $10.3 billion, according to industry researcher eVestment. Got Alpha? Then Don’t Cast Stones – (Bloomberg) Despite the recent under-performance, the trend following index still managed to return a healthy 13% annualized over the last 10 […]
24
Jan
2017
The Rules of the Crude Oil Market Have Changed
We gobbled up the CME Group’s recent whitepaper on Crude Oil, loving all things Oil and Crude Oil futures related; and it is spot on (if not a little self serving) with the new dynamics in the energy sector due to increased supply and the US market’s ability to export that supply. Remember that everything […]
