Mon, Apr 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2017

PROFILES: 3SD Capital, Cognitive Trading, Nnaisense

 

Pure countertrend CTA to open to investors

Investment manager Peter Moon has recently launched a CTA program called 3SD Countertrend, that is run through managed accounts out of Connecticut-based 3SD Capital. The futures trading program is expected to open to investors this month (March).

Moon started in the mid-70s, when he was trading his personal account, until he moved to the fund management industry.

"My history of countertrend futures goes back to my first CTA in 1987, Royston Investments in Chicago, which I launched after working for Peter Steidlmayer, floor trader and inventor of Market Profile," he tells Opalesque.

"That was a discretionary program that ran until 2008 when I decided to systematise the strategy, having reached a point where I felt I no longer had the necessary fortitude and risk tolerance to be a counter-trend trader stepping in against roaring markets. When that process was completed, I ran the system for AHL (part of Man Group) on a $50m trial account, but when they bought GLG they had their negative correlation with size and no longer wanted any 'de-trend' component in the AHL trend product. Then I ran the system for Tudor Investment from California and after a few years was relocated to their Greenwich head office. When I left Tudor in 2016, the system's AuM was $200m."

That's when he realised he needed to be independent again, he continues. Especially since his program was unusual, requiring him to run the research exactly the way he intended. He also wanted out of the vagaries of the fund industry. While setting up 3SD, he found the current business model favoured running single managed accounts. He also found that clients approved of managers' use of third party providers - whereas, he says, in the past, not running everything in-house was seen as a weakness.

Definin......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its