Author: Greg Taunt

As IASG Vice President, Greg Taunt helps clients navigate the futures industry and find the best managers for their risk tolerance and portfolio needs. He specializes in maximizing portfolio effectiveness to potentially reduce risk while increasing returns through the use of managed accounts in non-correlated vehicles. Previously, Greg served as Midwest Regional Wholesaler for Superfund Asset Management, a $2 billion trend-following CTA working with brokers and registered investment advisors. Before that, he worked in the insurance industry, providing risk management solutions to financial institutions in the Midwest. Greg holds a B.A. in finance from Michigan State University and an MBA from Northwestern University’s Kellogg School of Management. He is licensed as a Series 3 Commodity Broker, a Series 34 Forex Broker, and a Series 7, Series 24, and Series 63 Securities Broker.
  • When Good News is Bad

    | | Markets

    My favorite analogy for passive investing describes two men sitting at a bar. One is drunk and the other sober.  When the night is over the sober man leads the other home to make sure he gets there safely. Historically, hedge funds and active investors pored over financials, looked at P/E ratios, and listened to earnings calls to decide when to invest.  Passive investors just went long an index fund and hoped that the others did a good job leading prices to their logical equilibrium point.  Thus the active investors could lead them home safely.  Today, “the drunks” are leading … Read more When Good News is Bad
  • Inflation Coming?

    | | Economics

    Want to play a “fun” game?  Simply go to Google and type “currency crisis (insert any country name)” and see your results.  Luckily for Americans, you will find that the United States is one of the few countries that seems to have avoided this designation so far.  As one of my Polish friends who immigrated asked me though, “Why do people think it can’t happen here?”  After all, as he was growing up, cigarettes went from $0.50 a pack on Monday to a dollar by Wednesday and two dollars by the weekend.  “Of course it can happen here.  It happens … Read more Inflation Coming?
  • Futures Contracts are Easy. You are Already Using Them.

    | | Futures

    I have spent over a decade in the futures industry so I am accustomed to the blank stare when I tell people what I do. Most immediately assume it is too complicated to even try to understand.  The ironic thing is that we all intuitively understand them already. We trade them all the time. We can look at many examples of a futures decision; pre-ordering a book on Amazon, waiting to buy something until it goes on sale, or my favorite example the airplane ticket.  Purchasing a seat for a trip has all the characteristics of a futures contract; a … Read more Futures Contracts are Easy. You are Already Using Them.
  • There is a Story behind Every Futures Program

    | | Education

    As one of the world’s largest futures databases, we begin talking to traders often at the earliest stages of their evolution up to billions of dollars in assets. But not all beginnings are equal, as some achieve early success and others never find it at all. Part of our challenge is trying to determine which ones provide the best opportunities to our investors. One might think that this is a simple process.  A few favorite search methodologies on our site include Sharpe ratio, returns, or minimum investment amount. Each of these can be a good way to filter but ultimately … Read more There is a Story behind Every Futures Program
  • Understanding Minimum Investment Sizes

    | | Education

    Managers in the futures space are faced with a dilemma when they launch their programs.  They need to choose a trade level.  For an equity manager this is an easy process as they often trade 100% of the cash available and sometimes decide to use leverage.  ALL futures contracts already have the leverage built in so the question for them is how much to de-lever. Take manager ABC.  He trades his own account very aggressively and routinely has drawdowns of 20% but can make 60% in an average year.  He recognizes that this might be uncomfortable for investors.  He therefore … Read more Understanding Minimum Investment Sizes