The NFA has released evidence indicating a shortfall in customer segregated funds at PFGBest. To say we’re angry, frustrated or disappointed doesn’t begin to cover it.
Category: Macro Commentary
09
Jul
2012
09
Jul
2012
PFGBest on Liquidation Only, Receivership Likely
At this point, many of you may have heard that FCM PFGBest has been put on liquidation only by the NFA. Here’s what we know so far.
09
Jul
2012
The JOBS Act and Those Evil Hedge Funds
There’ve been some doom and gloom forecasts as a result of the JOBS Act provision to eliminate the ban on advertising for hedge funds. While we admit that there is potential for negative consequences, we are generally optimistic about this change to the industry.
06
Jul
2012
There is Nothing New Under the Sun
The LIBOR rate fixing mess snowballs by the day it seems, with the largest banks in the world facing down allegations that the manipulation of LIBOR rates by Barclay’s was not an isolated incident, but a widespread common practice in the international banking community. Unfortunately for them, early readings of data and reports don’t look good.
05
Jul
2012
Market Dynamics and CTA Performance- June 2012
When markets move up or down in unison, achieving diversification is much more difficult. That’s why we’ve started keeping an eye on two statistics that illustrate how easy or difficult it has been to stay diversified in the futures markets: the risk on/risk off trade, and the market correlations.
03
Jul
2012
Thank you, JP Morgan, May I Have Another?
News that JP Morgan’s advisers have been pushing their own products over their competitors to their clients reminds us of the hazing scene from Animal House. No matter how many times they get spanked, the investing public just keeps asking for more.
27
Jun
2012
26
Jun
2012
Giving Alternatives a Bad Name
People sometimes balk at the term “alternative investments” because to them, it can sound a little scary. “Alternatives” seems to bring to mind something bizarre or untested. We do what we can to combat this perception, but the financial media tends to make ours an uphill battle.
18
Jun
2012
Hedge Funds: Skyrocketing or Plummeting?
Last week we saw an exchange of articles and arguments on the future of the hedge fund industry that raised some interesting points. Unfortunately, the debate raised as many questions as it resolved, and we’re still left to wonder – is the hedge fund industry poised for growth or decline?
18
Jun
2012
Chasing Tail with Kurtosis
The vocabulary of risk management analysis can sometimes be difficult to decipher. That’s why we try to help investors understand the various metrics we use to evaluate managers – things like “kurtosis.” What is it and why does it matter? Read on to find out.
