Opalesque Futures Briefing http://www.opalesque.com/Futures_Briefing Futures Briefing Sun, 24 Apr 2016 23:37:24 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 Managed futures strategies fell as Barclay CTA Index declines 1.47% in March http://www.opalesque.com/Futures_Briefing/?p=12608 http://www.opalesque.com/Futures_Briefing/?p=12608#comments Sun, 24 Apr 2016 23:37:24 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12608 Managed futures traders lost money in March as BarclayHedge reported that the Barclay CTA Index fell 1.47% last month but is still up 1.36% in the first quarter of this year. “Trend reversals in the USD, energy, and emerging markets dragged down returns in March,” says Sol Waksman, founder and president of BarclayHedge. “Sixty-seven percent of the CTAs on the…

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CTA/managed futures managers post steepest decline http://www.opalesque.com/Futures_Briefing/?p=12606 http://www.opalesque.com/Futures_Briefing/?p=12606#comments Sun, 24 Apr 2016 23:37:06 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12606 Hedge funds were down 0.37% as of Q1 2016, with total AUM declining by US$6.4 billion – the first Q1 decline in hedge fund assets on record since 2009, says Eurekahedge. CTA/managed futures managers posted the steepest decline during the month, down 1.61%.
Market reversals did not bode well for some CTA/managed futures and macro managers with returns languishing into negative…

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Evaluating Managed Futures Managers http://www.opalesque.com/Futures_Briefing/?p=12604 http://www.opalesque.com/Futures_Briefing/?p=12604#comments Sun, 24 Apr 2016 23:36:37 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12604 Charlie Wright interviews Mark Melin, managed futures consultant, columnist and staff writer for ValueWalk.com, and author of three books on managed futures. When asked by Charlie to give a 60-second definition of managed futures, Mark focuses on the managed part, defining it as professional management of regulated derivatives contracts.
“Alpha,” in the managed futures world, doesn’t refer to beating the…

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3 Alternative Strategies to Watch http://www.opalesque.com/Futures_Briefing/?p=12602 http://www.opalesque.com/Futures_Briefing/?p=12602#comments Sun, 24 Apr 2016 23:36:22 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12602 There are three alternative strategies where Tom Florence, president and CEO of 361 Capital, sees a lot of interest growing among investors and their advisors. Managed Futures: As more advisors and their clients are being educated in the alternative space, Florence says that “certainly managed futures will draw more assets as they become more knowledgeable of the strategy.”
“It’s probably the…

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Managed Futures Funds: The Best and Worst of March http://www.opalesque.com/Futures_Briefing/?p=12600 http://www.opalesque.com/Futures_Briefing/?p=12600#comments Sun, 24 Apr 2016 23:36:04 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12600 The 59 mutual funds and ETFs in the managed futures category returned an average of -2.75% in March, well behind the Credit Suisse Managed Futures Liquid benchmark’s returns of -1.54%. For Q1, funds in the category still averaged gains of 1.09%, but their one-year returns through March 31 stood at -5.01%.
The benchmark, by contrast, had respective Q1 and annual…

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Inside Managed Futures With Roland Austrup http://www.opalesque.com/Futures_Briefing/?p=12598 http://www.opalesque.com/Futures_Briefing/?p=12598#comments Sun, 24 Apr 2016 23:35:42 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12598 Roland Austrup is CEO and CIO of Integrated Managed Futures (IMFC) and the longest-standing CTA in the Canadian marketplace. In this episode of Strategic Investor Radio, host Charlie Wright interviews Mr. Austrup, who explains the advantages of adding managed futures to an investment portfolio.
Mr. Austrup explains that the strategy involves investing across multiple asset classes – commodities, currencies, and…

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Morgan Stanley AUM flat; revenue and net income down http://www.opalesque.com/Futures_Briefing/?p=12596 http://www.opalesque.com/Futures_Briefing/?p=12596#comments Sun, 24 Apr 2016 23:35:25 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12596 Morgan Stanley (MS) Investment Management reported $405 billion in assets under management as of March 31, flat from both Dec. 31 and from March 31, 2015, said parent company Morgan Stanley’s earnings statement Monday.
Meanwhile, liquidity strategies had net outflows of $2.4 billion, while equities saw net outflows of $1.9 billion, fixed income had net outflows of $800 million, and…

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SEC proposal challenges liquid alternatives funds http://www.opalesque.com/Futures_Briefing/?p=12594 http://www.opalesque.com/Futures_Briefing/?p=12594#comments Sun, 24 Apr 2016 23:34:54 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12594 A rule proposed by the Securities and Exchange Commission to address the use of derivatives by mutual funds, exchange-traded funds and business development companies will, if enacted, substantially alter the universe of alternative strategy funds available to investors.
Allocations to managed futures funds give investors access to trading strategies that have historically provided investors diversification benefits during times of financial…

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SEC’s fund leverage cap needs revising but the idea is sound http://www.opalesque.com/Futures_Briefing/?p=12592 http://www.opalesque.com/Futures_Briefing/?p=12592#comments Sun, 24 Apr 2016 23:33:48 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12592 To find evidence of retail investors’ use of highly levered funds, read responses to the Securities and Exchange Commission’s (SEC’s) proposals on funds’ derivatives use. As the proposals stand, interest rate swaps are treated the same as commodity futures. Yet in AQR’s managed futures strategy fund, rates positions are three times less volatile than commodities.
AQR analysed seven of the 10…

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3 Things To Consider Before Hitting The Sell Button http://www.opalesque.com/Futures_Briefing/?p=12590 http://www.opalesque.com/Futures_Briefing/?p=12590#comments Sun, 24 Apr 2016 23:33:31 +0000 shailaja http://www.opalesque.com/Futures_Briefing/?p=12590 After a rough March for managed futures, and more of the same thus far in April, we’re likely to see some nervous investors pulling some or all of their managed futures exposure next month to alleviate some short term pain.
This is usually a bad idea, especially for systematic strategies which tend to cycle in and out of performance based…

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