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TOP TEN We feature top managers from a different database every issue. We decided to do something different for this issue’s Top Ten. Instead of the programs with the highest returns, ManagedFutures.eu picked the programs with smallest drawdowns. These commodity trading advisors have track records of more than two years. The average rate of return refers to the track record. Ranking Based on Drawdown,from ManagedFutures.eu database and CTA Index. | CTA and program | Drawdown | Average RoR |
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| QuantMetrics Capital Management LLP QM Multi Strategy Fund (EUR) | 0.11 | 33.34% | | Conservative Concept Portfolio Management AG CC Athena OS Fund LTD (USD Instit.class) | 0.56 | 12.90% | | QuantMetrics Capital Management LLP QM Premier Strategy | 1.06 | 10.29% | | Da Vinci Invest Ltd. Da Vinci Arbitrage Fund | 1.27 | 46.38% | | DynexCorp Ltd. Dynamic Currency Alpha | 1.82 | 5.46% | | Geo Economic Management System Ltd. Low-Leveraged FX Model | 1.87 | 9.93% | | Hyman Beck & Company Volatility Analytics Portfolio *QEP only* | 1.90 | 8.54% | | John Locke Investments S.A. Cyril High Frequency Program | 2.84 | 5.49% | | Quantam S.A. Global Statistical Arbitrage 1x | 2.84 | 5.00% | | Quaesta Capital AG Quaesta Capital FX-MMP | 2.94 | 3.05% |
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