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Paskewitz Asset Management's Contrarian 3X Stock Index finished the year on a strong note, gaining +7.14% net in December, putting the firms full year performance at +39.90% net, eclipsing the program’s 2006 performance of +36.48%. Within the program’s full 4 year history, the average annual return now stands at +25.20%.
The fully-systematic contrarian program invests exclusively in S&P 500 futures and manages $70.5m assets. It uses multiple models to forecast short and intermediate term tops and bottoms in the S&P 500 index, and then simultaneously generate trades, buying identified bottoms, and selling identified tops.
In an investor communication obtained by Opalesque, Paskewitz pointed out that "on the diversification/negative-correlation front, in two of the three risk events this year, February, August, & November, the program well out-performed its peers gaining +24.22% net in August and +7.27% in November, two very challenging months for nearly every investment category."
Paskewitz Asset Management (PAM) was founded in May 2003. It is registered
with the CFTC as a commodity trading advisor (CTA) and operates pursuant
to an exemption under CFTC Regulation 4.7 with respect to managing
accounts of qualified eligible persons. Bradford Paskewitz has been developing and trading quantitative strategies since 1987, with a primary focus on the futures and equity markets. He has done this work at firms such as Banque Indosuez, Lehman Brothers, Credit
Suisse, S...................... To view our full article Click here
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