It’s full steam ahead for the CFTC, sending a CTA to prison for lying to customers. The CFTC brought legal action against Josh Wallace of System Capital for misrepresenting to clients the company’s wealth of prior experience in trading futures, accumulating $29 Million assets under management. We’re happy the CFTC got this guy, but left wondering how they’re unable to build a criminal case against Corzine?
Category: Managed Futures
11
Jul
2013
Hand on the Trigger, With No Bullets
Managed Futures investors have a case of whiplash. Every time Fed chairman Bernanke opens his mouth, the markets act like a 5 year old at their birthday party. Last month, managed futures experienced risk off days after Bernanke shared the news of the potential end of the QE3 by the end of 2013. Not even a month later, Bernanke holds an impromptu press conference delaying the end of quantitative easing, leading to a Risk On day.
10
Jul
2013
PFGBest One Year Later: Where’s my Money?
For those who had accounts at PFG – the overriding questions beyond what happened, what has changed, and all the politics and drama surrounding those items – is when am I going to get more of my money back and how much of my money will I be getting back? To tackle that, we talked with the PFG Bankruptcy trustee Ira Bodenstein:
09
Jul
2013
PFGBest One Year Later: New Rules
We’re dedicating our time to PFG coverage on the 1 year anniversary. But beyond talk about the hard work people have been doing – more than a few former PFG (and MF Global clients, too) want to know what exactly has been put in place since the PFG fraud to move the industry forward. Without further ado, the most important new rules and changes we’ve seen in the past year:
09
Jul
2013
PFGBest One Year Anniversary Linkfest:
Not all anniversaries are pleasant. Today is one of those days in the futures industry, marking the 1 year anniversary since the PFG scandal was exposed to the world. We have fought tooth and nail on behalf of customers to recover funds, repair the regulatory landscape, and more over the past year (with work still to be done), and thank all those who have stood by us during that time. For all those who like to slow down and look at car crashes on the other side of the highway – here’s a linkfest with the bulk of our coverage of the PFG fraud over the past year. For those who don’t like guts and gore, turn away:
01
Jul
2013
Managed Futures down -1.49% in June
Managed futures followed losses in May with more in June, with the Newedge CTA Index finishing at -1.49% to close out the 2nd quarter with the first back to back losses of 2013. It was a strange month, with the biggest trend reversals coming in the markets managed futures are supposed to be diversifying you from – stock indices (selling off in June after 6 straight months of gains).
28
Jun
2013
Bring Back the Corn Murals
The corn murals should return to their sweet glory at the Corn Palace this fall. The USDA released its farmers survey, saying the 97 million acres of Corn planted this season is more than any time since 1936. Finviz is a little off on their charts, and M6 Capital predication pays off.
28
Jun
2013
Hog Heaven
Like clockwork, whenever major media outlets catch on to a major commodity trend, the move is by far overextended, and in an instant, it’s all over before you know it. Lean Hog Futures have been the best commodity thus far this year, but that all ended on Friday.
19
Jun
2013
CTA’s Think Positive for rest of 2013
Since we’re approaching the halfway point of 2013, we feel it might be nice to get a feel for the atmosphere surrounding managed futures. CTA Intelligence released a CTA survey with quite a positive outlook for this year. So what strategy do they see the highest returns?
17
Jun
2013
Finra Warns on Alternative Mutual Funds:
Somebody wake up the people at Finra… Their recent Investor Alert is raising the caution flag about “Alternative Investing,” but they are going about it all wrong. They’re putting the increased disclosure on the investors, instead of the packages and products.
