Our most recent newsletter is up, and we’re looking at just how the focus on low risk and risk adjusted performance is hurting the hunt for returns. We put into perspective how two different programs can have identical Sharpe ratio’s, but very different results.
Category: Newsletter
19
Jun
2013
06
Jun
2013
3 Big Reasons Commodity ETFs Aren’t Getting the Job Done
Our newsletter this week is taking a look at a regular topic of conversation around here: long-only commodity ETFs. The tendency of investors to jump on board with an investing thesis just before it turns sour is almost legendary. Attracted to the hottest investments like moths to a flame, they flutter in just in time […]
14
May
2013
Newsletter: Trend Following, Style Drift, and Portfolio Hedging – from Quest Partners
We think the team over at Quest Partners includes some of the smartest in the business, and we’ve posted their periodic research pieces in our newsletter before – so we were thrilled to get one of their new research pieces in our inbox last week. And this time, they’re taking a look at a subject we’ve covered quite a few times around here.
01
May
2013
Newsletter: So You Want to Be a CTA…
There are plenty of alluring stories to entice skilled traders to try their hand at becoming professional Commodity Trading Advisors (CTAs). Taking the leap from trading your own money to managing others’ is the first step toward building a legend of your own, but how realistic is it to turn that gleam in your eye into a successful enterprise and tens of millions in the bank?
16
Apr
2013
Newsletter: Three Emerging Managers Worth Watching
Our weekly newsletter is out, and we’re examining some of the Emerging Managers on our CTA program rankings. We require a 36-month track record for inclusion in our rankings, so when an up-and-coming manager hits their 3rd birthday, we find it’s a good opportunity to take a closer look at their record and trading style prior to hitting the rankings.
10
Apr
2013
Newsletter: Richard Dennis, Bill Eckhardt, and the Turtle Traders
This week, our newsletter is taking a closer look at one of the legends of the managed futures world: Richard Dennis and his famed Turtle Traders experiment. Their story has all of the trappings of a classic: one man, a rag-tag group of students, and a bet – that he could teach a disparate group of people to be successful traders. We wanted to know what the members of Dennis’ famed cohort are up to today to find out just how much of an impact that simple bet is having 30 years later.
02
Apr
2013
Newsletter: Why am I Diversifying, Again?
Our weekly newsletter is out, and this time we’re taking a look at the long-term risks and benefits of diversification. In the long run, the responsible choice is most likely to provide the best outcome and protect you from potentially catastrophic losses, but it can be painful in the short run. But how much longer will you have to wait before those benefits become worth it?
27
Mar
2013
Newsletter: Options Trading – What You Need to Know
Our newsletter this week is taking a closer look at a love story that had seemed finished a while ago. But this relationship has been building back up for several years now: the “on again, off again” investor love affair with option selling programs. But are investors just setting themselves up to be burned again?
05
Mar
2013
A performance chaser, knife catcher, and seed investor walk into a bar…
This week, our newsletter takes a look at different types of investors and how they become interested in different managed futures programs. Do you chase returns? Look for bargains? Do you buy the hype of a brand new manager? We wanted to put some numbers to these different types of investors to show just how well – or poorly – they do relative to the average CTA.
13
Feb
2013
The Toxic Cycle Sync: Emotional Investing and Managed Futures Performance Cycles
Performance chasing is one of the most common mistakes investors make in managed futures (or any other asset class), but it’s sometimes difficult to explain why allocating to the managers with the best recent returns often leads in to “in at the top, out at the bottom.” This week, our newsletter delves into this “toxic cycle” to see why investors chase performance, the cycle they step into when they do, and what that looks like in an individual track record.
