Interesting day today, with the US Dollar rally over 1% sending grains and Sugar (-9%) off their recent multi-year highs…But Gold and Silver bucking the trend and rising about +1.5% despite the strong dollar, meaning the Gold rally is even more pronounced in a currency such as the Euro (down -1.5%). The pop up in […]
Category: Managed Futures
02
Feb
2011
Managed Futures down -1.58% in January
As we continue to get snow here in Chicago – closing in on 20 inches in past 24 hours – we can report that managed futures started out 2011 with a whimper… posting a return of -1.58% according to the Newedge CTA index. Let’s hope there’s no January effect for managed futures as there is […]
01
Feb
2011
Top 15 Managed Futures – Attain’s semi annual rankings
The latest Attain newsletter is up at https://bit.ly/hTlLjH… presenting our semi-annual Top 15 rankings amongst those managed futures programs we track. Our managed futures program rankings have developed over the years into a comprehensive tool which ranks commodity trading advisors (CTAs) across over 25 different metrics measuring performance, risk, experience, and more. The rankings are designed […]
31
Jan
2011
“Who’s who” of the Managed Futures industry in Florida at the MFA Conf.
While those of us in Chicago are preparing for one of the top 5 Blizzards of all time and east coasters continue to dig out from their own battles with snow, the “Who’s who” of the Managed Futures industry has descended upon sunny Palm Beach, FL for a week of private meetings with both managers […]
27
Jan
2011
Managed Futures not going anywhere until Bonds wake up…
What a snore bond futures have been lately…. Take the 30yr bond futures. Since rising 21% from Apr. – Aug., then selling off 11% from the end of Aug. through mid Dec., they have been locked in a tight range of just +/- 1.5% from their average. We mentioned in a newsletter last year how […]
24
Jan
2011
Time to exit the long gold trade?
With Gold crossing below its 100 day moving average last week (after crossing below the 80 day the week before, and 50 day the week before that), some managed futures prorgams we track were seen exiting long positions in the metal. With Gold having gone nearly three months now without making a new high, a […]
18
Jan
2011
2010 Asset Class Scoreboard
We finally got the Dow Jones/Credit Suisse Hedge Index data from December, enabling us to update the asset class scoreboard for all of 2010. The results are as follows… [past performance is not necessarily indicative of future results] Key: Managed Futures = Dow Jones Credit Suisse CTA Index, Cash = 3 mo T-Bill rate, Bonds […]
13
Jan
2011
Great Read = “More Money than God”
Just finished one of the books I received over the holidays – Sebastian Mallaby’s: More Money Than God: Hedge Funds and the Making of a New Elite (Council on Foreign Relations Books (Penguin Press), and I highly recommend it for anyone in or around the business of managing money, or having their money managed for […]
11
Jan
2011
Managed Futures Outlook – 2011
A few million brain cells later… we’re done with our 2011 Managed Futures Outlook. You can view it here: https://bit.ly/efvqt2 We take a look at the main drivers of performance in 2010, including whether volatility was expanding or contracting, the correlation of commodities with the US Dollar, whether markets returned to trading on fundamental factors, […]
10
Jan
2011
Wisdom Tree’s “first ever” Managed Futures ETF… WTF?
We found it quite interesting that Wisdom Tree was trumpeting its release of a new ETF last week as the first ever managed futures ETF (you can find it on the middle/left/bottom of their home page www.wisdomtree.com), given that: It doesn’t invest in ‘Managed Futures’ at all, and instead merely follows the S&P Diversified Trends […]
