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Top Ten: Systematic vs. discretionary traders

Wednesday, December 02, 2009

Discretionary vs. Systemic Traders

This line-up of discretionary and systematic commodity trading advisors comes from the Managed Account Research database. The ranking is by three-year compounded annual return from October 2006 through September 2009.

While the top systematic CTAs listed here have higher compounded long-term returns than the top discretionary managers, there are two qualifications that should be noted. One, these systematic CTAs on the whole have less assets under management. Two, their returns may be significantly more volatile than the discretionary programs’ returns.

Managed Account Research provides information on an extensive range of alternative investments, including managed futures programs.

Investment Three-Year Compounded Annual ReturnYear to Date
DISCRETIONARY
NDX Capital Mgmt. LLC Shadrach 41.51% 2.38%
Baldwin Commodity Corp. MAP 28.27% 7.23%
Dicken Commodities, Inc. Diversified Program 28.02% 6.96%
Dicken Commodities, Inc. Agriculture 27.99% 6.63%
Rosetta Capital Mgmt. LLC Rosetta Program 25.56% - 4.46%
SYSTEMATIC
Livestock CTA Livestock Program 70.08% - 5.28%
Pere Trading Group, LLC Pere Trading Program 53.51% - 6.74%
Global Wealth Analytics Global Wealth Class B 49.55% 11.95%
RAM Management Group MRTP-Aggressive 48.64% 4.09%
TID Company Ltd. Managed Account 35.44% 10.46%



 
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