Our weekly newsletter is up at: http://bit.ly/hZw0Dc, and covers the oft quoted but probably more often misunderstood efficient frontier. We start by updating the CME’s woefully out of date efficient frontier graph (it only goes through Feb 2008, right before one of the biggest risk/reward shifts in modern history, leading to our well received comment: […]
Our weekly newsletter is up at: http://bit.ly/f8cy19 We highlight Cervino Capital Management and their new (relatively so) Gold Covered Call program which aims to 1. capture upwards movement in Gold, 2. provide income via covered calls, and 3. provide downside protection in case the Gold rally runs out of steam. If you believe in the […]
Our weekly newsletter is up at: http://bit.ly/dXlV35 We take a new view on the ubiquitous end of year review mumbo jumbo by hearing what our clients viewed as the things they did right and wrong last year, and are looking to improve on this year. Highlights include: What did I do right last year: Taking […]
Our weekly newsletter is up at: http://bit.ly/eFASbB We list our ten most popular newsletters of 2010, as ‘voted’ on by our readers in the form of those who clicked ‘Yes’…I found this article helpful, by Attain staff, and by Facebook fans who ‘liked’ certain newsletters (Click Here to Like Attain on Facebook). View the Top […]
A few million brain cells later… we’re done with our 2011 Managed Futures Outlook. You can view it here: http://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, […]
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, RCM’s own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor’s disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor’s track record.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.