Category: CTA Spotlight

  • CTA Spotlight: Adalpha Asset Management

    | | CTA Spotlight

    Diversified Short Term Program Overview “The whole reason my algorithms work, the way they work in all environments, they’ve been working so long is because I’m a prop trader. And that’s what a CTA doesn’t have on me. “ Gary Polony describes in his quiet office on the 38th floor of the Chicago Board of Trade to explain the difference between someone who depends on trading success for a living as opposed to a fund generating high management fees on customer assets even when it doesn’t perform. As quiet pings from his collection of computer towers and screens indicate a … Read more CTA Spotlight: Adalpha Asset Management
  • Everyone Loves a Comeback

    | | CTA Spotlight

    In February 2018, markets looked pretty dire for many option writers. The VIX had spiked 250% in less than a week and options sold a few days before were selling for many multiples of their original value. The biggest firm in the space, LJM Partners, went under and some of the best names faltered. Tianyou reduced risk as any good manager should but not in time to stave off a 25.46% drawdown, the worst in their history. Most of their customers stuck with the program and by the end of the year they were down just 4% and now are … Read more Everyone Loves a Comeback
  • Interviews of Absolute Return Managers

    | | absolute return, Commodity Trading Advisor, CTA Spotlight, liquidity

    In the three prior articles we discussed the goals of absolute return (AR) investors, defined strategies typically used by AR investors and most recently stressed why limiting loses, a key goal for any AR investor, is vital to growing wealth in the long run. This article reiterates many of those concepts through the interviews of 2 highly respected Global Macro CTA’s. As you read their respective comments note the consistent emphasis of risk, losses and cross asset correlations … Read more Interviews of Absolute Return Managers
  • IASG May 2015 Performance Results

    | | CTA Spotlight

    We have now reached the end of June 2015 and have compiled nearly 100% of the manager data for May 2014.  With five months of performance on record, the IASG CTA Index has turned negative YTD (Past Performance not indicative of future results).  We anticipate this trend to hold for the remainder of the month as investors focus now on the remainder of this year. Here is a snapshot of the database as of 6/29/2015.  The IASG CTA Index which comprises the managers with a minimum track record of 3 years performance and that performance must be client based.  This helps to … Read more IASG May 2015 Performance Results
  • CTA Spotlight: Sagat Capital

    | | CTA Spotlight

    Below is an excerpt from a recent interview with Sagat Capital. You can read it in its entirety at their CTA profile by clicking the Due Diligence link in the sidebar and completing the download request form. Market Philosophy and Trading Method IASG: What is your core belief about the markets? What have you learned about the markets that led you to your current trading approach? Your trading philosophy, if you wish. SAGAT Capital’s methodology has been developed by its traders on the basis of over 25 years of institutional global macro/RV trading experience in commodities, fixed income and foreign exchange … Read more CTA Spotlight: Sagat Capital