Tracking CTAs since 1994
Early May Update
After a strong April, Veerpoint Capital's proprietary trading was +5.37% in May bringing the YTD number to +29.01%. Veerpoint opened their first client account on May 20, 2025. Visit Veerpoint's CTA Profile Page
HiProb Capital’s Neutral Plus Program showed a 0.62% return for May bringing the YTD number to +12.24%. Visit HiProb's CTA Profile Page
April 2025 CTA Highlights
One of our newest CTA listings, Veerpoint Capital returned +11.42% in April 2025 (proprietary trading). We’re pleased to introduce their manager and strategy.
The ContraCOT program, managed by Adam Rude, is a systematic global macro futures strategy that combines technical analysis with insights from the CFTC’s Commitments of Traders (COT) reports. It seeks asymmetric risk-reward opportunities by analyzing market participation and identifying over-concentrated positioning. The program trades over 30 U.S. commodity and financial futures markets and is designed to remain uncorrelated to traditional asset classes and other CTA strategies.
After two years of proprietary trading and rising allocator interest, Mr. Rude registered Veerpoint Capital as a CTA in January 2025 and began managing client assets in May.
Visit Veerpoint's CTA Profile Page
Several options traders reported strong April performance, led by HiProb Capital’s Neutral Plus Program with a +7.6% return. Below are highlights from HiProb’s commentary:
“Risk management was central to our success in April. We built a precisely hedged portfolio using carefully selected, highly correlated options, allowing us to minimize risk while capturing market movement within a high-probability range. As volatility evolved, we adjusted in real time, shifting our positioning to maintain the edge while avoiding unnecessary risk.”
HiProb’s Neutral strategies exclusively use near-expiration index option spreads to generate consistent absolute returns. Each spread is market-neutral and Vega-neutral, with offsetting long and short positions. Their patent-pending techniques identify mispriced spreads and execute only high-probability trades where reward meaningfully outweighs risk.
Visit HiProb's CTA Profile Page
Market Commentary – Courtesy of Buckingham Global Advisors
April was marked by early volatility as renewed U.S.–China tariff tensions triggered a sharp selloff. The S&P 500 fell over -11% before recovering to close down just -0.76%. The Dow dropped -3.17%, while the Nasdaq rose +0.85% on strong tech earnings.
Buckingham Performance: Buckingham Global Advisors managed the turbulence well. The WEP strategy returned +0.11%, and SEP gained +0.72%, both outperforming major indices. Proactive risk management, including timely exposure reductions and defensive positioning, helped protect capital and capture modest gains in one of the year’s most volatile months.
Visit Buckingham's CTA Profile Page
Top Performers April 2025
Opus Futures | Macro Monitor | +15.51% |
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Chelton Wealth | Balanced Compounding | +13.45% | Non US Investors Only
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Veerpoint Capital | ContraCOT (Prop Trading) | +11.42% |
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FALGOM AG | TARO© Diversified | +11.06% | Non US Investors Only
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Deep Field Capital | STAR | +10.21% | QEPs Only
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Top Performers March 2025
Typhon Capital Mgt | Vulcan Metals Ultra | +16.94% | QEPs Only
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AIS Capital Mgt | MAAP (2X-4X) | +12.29% | QEPs Only
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Blue Creek Capital Mgt | Metals Alpha | +9.44% | QEPs Only
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AG Capital Investments | Global Macro Program | +9.37% | QEPs Only
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Deep Field Capital | Systematic Volatility Arbitrage | +7.46% | QEPs Only
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Top Performers February 2025
Quanify GmbH - Chelton Wealth | Balanced Compounding | +14.68% | Non US Investors Only
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Opus Futures | Macro Monitor Program | +6.84%
Visit Opus Futures' Macro Monitor Program Profile Page
Advanced Alpha Advisors | ART ST Systematic SP - Velocity | +6.44% | QEPs Only
Visit Alpha Adviosrs's RT ST Systematic SP - Velocity Profile Page
Paraimbal, LLC | Paraimbal Program | +5.96%
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Top Performers January 2025
Mulvaney Capital Mgt | Managed Futures Program +12.45% | QEPs Only
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Blue Creek Capital Mgt | Global Opportunities Program | +10.46% | QEPs Only
Visit Blue Creek's Global Opportunities Profile Page
Blue Creek Capital Mgt | Metals Program | +10.35% | QEPs Only
Visit Blue Creek's Metals Program Profile Page
AIS Capital Mgt | MAAP (2X- 4X) | +9.45% | QEPs Only
Visit AIS's Tactical Commodity Profile Page
QuantOn Solutions OCPAS | Managed Futures Index | +8.6% | QEPs Only
Visit QuantOn Solutions's Profile Page
Top Performers December 2024
Advanced Alpha | ART ST Systematic | +14.21% | QEPs Only
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Mulvaney Capital | Managed Futures Program | +12.76% | QEPs Only
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EMC Capital Advisors | Classic Program | +8.65% | QEPs Only
Visit EMC's Classic Program Profile Page
EMC Capital Advisors | Tactical Commodity | +8.56% | QEPs Only
Visit EMC's Tactical Commodity Profile Page
Quantitative Investment Mgt | Global Program | +5.97% | QEPs Only
Visit Quantitative's Profile Page
Top Performers November 2024
Katonah Eve LLC | Enigma CME | +28.03% | Prop Trading | QEPs Only
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Purple Valley Capital | Diversified Trend 1 Program | +11.51% | Accredited or QEPs Only
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Melissinos Trading | Eupatrid | +9.87% | QEPs Only
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O'Brien Investment Group | Quantitative GM Futures | +7.47% | QEPs Only
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Mulvaney Capital Mgt | Managed Futures Program | +6.99% | QEPs Only
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Top Performers October 2024
Alleman Capital Mgt | AC Crude Hedge | +8.51%
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Advanced Alpha | ST Systematicc - Velocity Program | +7.88% | QEPs Only
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QDRA Pty Ltd | Systematic Commodities | +7.77% | QEPs Only
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PGM Asset Mgt | Trident Program | +6.66% | QEPs Only
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Quantitative Investment Mgt | Global Program | +5.13% | QEPs Only
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Top Performers September 2024
AG Capital | Global Macro | +14.68% | QEPs Only
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Astute Group | Pulse Program | +11.93%
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Blue Creek Capital Mgt | Global Opportunities | +10.41% | QEPs Only
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Typhon Capital Mgt | Vulcan Metals Ultra | +9.63% | QEPs Only
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Blue Creek Capital Mgt | Metals Alpha | +8.81% | QEPs Only
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Top Performers August 2024
Schindler Capital Mgt | Dairy Advantage | +13.73%
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Moddco Capital | MCA Strategy | +12.48%
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Advanced Alpha Advisors | ART Short Term | +12.47% | QEPs Only
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Numberline Capital Partners | Macro Risk | +7.78%
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Buckingham Q&A
I started as a software programmer in various industries before earning my MBA from the University of Chicago during the 2008 financial crisis. Despite challenging job prospects post-MBA, I witnessed significant market movements, inspiring my focus on trading index options. Utilizing the efficient market hypothesis, my strategy centers on exploiting inefficiencies in the S&P 500's derivatives market.
During my time at the University of Chicago, I developed an option-based quant replication model under Prof. Pastor Lubes. This model, refined over the years, has been the basis for managing client assets since March 2015, leading to me registering Buckingham Global Advisors, LLC as a CTA in July 2015.
Top Performers April 2024
Moddco Capital Associates | MCA Strategy | +22.31%
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AG Capital Investments | Global Macro | +17.10% | QEPs Only |
Visit AG Capital's Profile Page
Comhla LLC | Artemia | +14.25%
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QDRA Pty Ltd| QDRA Systematic Commodities | +10.30%
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EMC Capital Advisors | Tactical Commodity | +10.15% | QEPs Only
Visit EMC's Profile Page
Top Performers March 2024
Mulvaney Capital Mgt | MF Program | +51.08% | QEPs Only
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Purple Valley Capital, Inc | Diversified Trend 1 | +24.03% |
Visit Purple Valley's Profile Page
AG Capital Invetments | Global Macro | +21.20% | QEPs Only
Visit Ag Capital's Profile Page
QDRA Pty Ltd | Systematic Commodities | +20.03% |
Visit QDRA's Profile Page
Advanced Alpha Advisors | ART ST Systematic SP Volatility | +12.80% | QEPs Only |
Visit Advanced Alpha's Profile Page
Risk Disclosure
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND/OR 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 THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.
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.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 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.
AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.
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