Category: CTA

  • IASG March CTA Indexes

    | | Commodity Trading Advisor, CTA, Grains, Indexes, Livestock, Managed Futures, Options

    Overall the IASG CTA Index was down 90 BPS for March with 71% of managers posting their returns a/o this posting. This was a particularly difficult month with the Volatility VIX index reducing dramatically in early March only to recover and spike quickly which presented an opportunity for the stock index and options CTAs. Agriculture was also an area of focus with grains primarily staying flat and end of month spiking after USDA reports indicated larger supply than was predicted along with unstable conditions in Ukraine causing corn prices to rally end of month. Finally Livestock prices achieved all time high prices as a virus continues to take its toll in decimating hogs. There were some managers that were able to exploit these markets and others who struggled. Trend Following continues to struggle in these market conditions with the first quarter showing a -1.25% loss … Read more IASG March CTA Indexes
  • 2100 Xenon is acquired by Manning & Napier

    | | Commodity Trading Advisor, CTA, Managed Futures

    Manning & Napier, Inc. (NYSE:MN), (“Manning & Napier” or “the Company”) today announced that it will acquire the business and operations of 2100 Xenon Group, LLC, an alternative investment manager specializing in managed futures and global macro strategies for institutional and individual clients. The acquisition will enhance Manning & Napier’s alternative capabilities and provide increased product diversification to clients. The transaction is subject to certain regulatory approvals and is expected to close within the second quarter. Financial terms of the transaction were not disclosed … Read more 2100 Xenon is acquired by Manning & Napier
  • Protec Energy Partners LLC – Q2 RBOB Gasoline Market Outlook

    | | Commodity Trading Advisor, CTA

    Market Overview: Gasoline Current demand has climbed to a robust 9 million bpd which is 3.2% higher than the three year average At 9.84 million barrels per day, soaring U.S. gasoline production is a whopping 10.6% higher than the three year average As of this report, the NYMEX spot gasoline price is at $2.99/gal which is 7.6% below the three year average According to the EIA, this summer’s monthly average retail gasoline price is expected to peak at $3.66 per gallon in May and then decline to $3.46 in September. The current average price is $3.596 per gallon. Outlook During the past three years, gasoline prices … Read more Protec Energy Partners LLC – Q2 RBOB Gasoline Market Outlook
  • The Danger of Complacency

    | | Commodity Trading Advisor, CTA, Managed Futures, non correlated, risk management, systematic

    The stock market just hit an all time high and real estate values continue rising rapidly. Investors could not be happier. The day I refer to, of course, is October 9, 2007 when the S&P closed at its new record of 1565.15. What followed was a bull run in commodities culminating on July 11, 2008 when oil hit its high of $147.27 on dollar weakness and insatiable raw material demand from China. By January of 2009, oil dropped to almost $30 a barrel, the dollar was much stronger as seemingly everyone flocked to its perceived safety, and the worldwide economy would begin digging out slowly from the depths of the credit crisis. The S&P would drop below 700 points. … Read more The Danger of Complacency