Mon, Nov 30, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Futures Intelligence

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
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%
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%

This article was published in Opalesque Futures Intelligence.
Opalesque Futures Intelligence
Opalesque Futures Intelligence
Opalesque Futures Intelligence
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November