September 8, 2010
I don’t believe in coincidence, but let me point out the corny irony of a positive jobs report heading into this year’s Labor Day weekend. James Mackintosh put it perfectly in yesterday’s FT Short View where he points out that “as the armies of unemployed watched those with jobs take a break, at least they could see market confidence in job creation rising and fear of a double-dip recession receding.”
As if to confirm that hesitation is the name of the game equity [...]
CTA performance was up slightly for the month of July. Autumn Gold's CTA Index was 0.15% for July, the Discretionary Index is up +0.15%, while the Systematic Index was up 0.08%.
A number of CTA's are reporting solid 2010 performance.
These include RAM Management's MRTP Aggressive Program
Stats through July 2010
Strategy - Multi Strategy / Systematic
YTD Performance +33.72%
Assets under Management $4.5 million
Minimum Investment $250,000
Crescent Bay's Balanced Volatility [...]
It’s hard to tell whether today’s rally is an explosion of return to risk that investors have been waiting for or just a technical bounce and short cover coming off month-end selling that ended the worst August in nine years. I tend to lean toward the latter. Initially, today’s equity rally was fueled, in part, by positive data out of Asia, where the Chinese PMI snapped a three months losing streak with a rise from 51.2 to 51.7 pts. The Australian GDP rose by 1.2% in the Q2, beating the market [...]
Notice to Members I-10-17
September 1, 2010
NFA to begin accepting registration applications from forex firms and individuals on September 2
The Commodity Futures Trading Commission has issued final forex rules which become effective on October 18, 2010. NFA will begin accepting registration applications from forex firms and individuals beginning Thursday, September 2.
Any retail forex entity that does not complete the registration process by October 18, 2010 will be unable to conduct [...]
As diligent traders, investors, or even spectators, we are taught not to take too seriously the price action and market movement that takes place in the quieter late summer months. Still, even with this in mind, what the bond market is trying to tell us cannot be ignored. As I drown myself in research regarding the subject, all the publications I read religiously seem to be trumpeting the same thing: the outlook for recovery is gloomier than we thought.
But how much can we ask for here? [...]
Building Wealth With Managed Futures a guide to statistical analysis of CTAs. Find out More Purchase
Definitions Managed
Futures are traded by professional managers known as
Commodity Trading Advisors ("CTAs"). Investments can
include futures, forex, and options on futures contracts. Managed
Futures have
the potential to earn monies in both rising and falling markets,
enable investors to invest globally, and are used to reduce portfolio
volatility
through diversification.Futures &
Hedge Fundsare
Limited Liability investment vehicles comprising of nontraditional (stocks
and bonds) investments. These funds include futures & options (derivatives)
as well as hedge fund investments and is considered riskier than traditional
investments. Statistical
Analysis is used to evaluate historical performance of an investment.
RISK
DISCLOSURE
PAST
PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
THE
RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX")
IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY
FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS
HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS.
YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES, OPTIONS AND FOREX
IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE
YOU SHOULD SEEK PROFESSIONAL ADVICE. PAST PERFORMANCE DOES NOT GUARANTEE
FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL
COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES,
MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF
THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED
BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE
TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES,
CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE
RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S
"REQUEST DISCLOSURE DOCUMENT" BUTTON. THE FULL RISK OF COMMODITY
FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE
STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY
READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE
AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION
AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON
THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE
ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS
ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR
YOU.
PROSPECTIVE
CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM
SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST
ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE
TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE
MERITS AND RISKS INVOLVED.
THE
COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF
PARTICIPATING IN ANY TRADING PROGRAM NOR HAS THE COMMISSION PASSED ON
THE ADEQUACY OR ACCURACY OF ANY DISCLOSURE DOCUMENT.