Fri, Jul 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Nordic roundtable delegates believe CTAs will recover previous form

Tuesday, October 22, 2013

amb
Mikael Stenbom
Beverly Chandler, Opalesque London:

Delegates at The Opalesque 2013 Nordic Roundtable, sponsored by Estlander & Partners, Eurex and Taussig Capital discussed the evolution of the managed futures hedge fund strategy, or CTAs.

Mikael Stenbom of RPM opened the debate commenting that his firm has spent 20 years in this industry. "When we started in the early 1990s, the CTA industry was dominated by U.S. based classical trend-followers." At the time, Stenbom reports that most of them had a mantra: "Never touch the system."

Stenbom continued: "Now, as it turned out in mid-90s, perhaps it would have been a smart idea to touch the system because markets were and are changing, and that was when the European CTAs entered the stage with a more scientific approach. In Europe we had Transtrend, AHL, Winton, Aspect who quickly started to dominate the industry and, at least in terms of AuM, still are."

Stenbom argues that now a new breed of managers is emerging. "These managers do not have a background in trading the markets or from economics or financial studies. They are often engineers, mathematicians or physicists, their passion is technology more than trading, and they have acquired sets of skills tha......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Oaktree's Howard Marks issues another cautionary tale[more]

    Benedicte Gravrand, Opalesque Geneva: Oaktree's co-chairman Howard Marks' latest memo is another cautionary one that advoca

  2. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  3. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  4. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  5. $25 million cryptocurrency fund launches to capitalize on the "internet of the future"[more]

    From Coindesk.com: General Crypto, a $25 million cryptocurrency hedge fund, has launched to provide high net worth investors with liquid exposure to the cryptocurrency market and digital assets that they believe could run the technological infrastructure of the future. Since the start of 2017, the t