MANAGER PROFILES Up-and-coming managers with diverse approaches describe their strategy and what they see happening in the markets. Their comments have been edited. Bill Dreiss of Dreiss Research Corporation 2008 return: 101%Comments: “Dreiss Research Corporation trades a wide array of global futures markets using a very long-term systematic approach, with a pattern recognition system based on the concepts and tools of fractal geometry. We feel strongly that most of the profits made available by markets are due to long-term trends related to the business cycle or to fundamental shifts in supply and demand in various industries. While shorter-term techniques usually take a series of bites out of the major economic trend, our approach attempts to capture as much of this trend as possible in a single trade.” Charlie Wright and Rob Friedl of Fall River Capital 2008 return for Global Strategies HL: 27%Comments: “If we can understand philosophically how markets work, we should be able to get a better understanding of our psychology and be better traders and investors. We develop our programs from over thirty years of historical daily price data. In the last thirty years we have seen almost all the economic and trading environments imaginable. We design our programs to either trade profitably or conserve equity through all of these environments. We trade approximately 84 futures markets from a worldwide universe of over 100 markets. The primary criteria we use is liquidity. Each market must have enough volume to enable us to trade effectively given the size of our orders.” John Joseph of SEMA4 Group 2008 return for SEMA4 Global Diversified Program: 14.9%Comments: “The Diversified Program provides access to every liquid futures market in the world through a quantitative model that evaluates asset allocation among worldwide alternatives in commodities, equities, fixed income and currencies in a highly-scalable portfolio. It performs optimally during the most adverse market conditions while producing competitive returns during normal market environments. We have other strategies, such as the SEMA4 Russell 2000 Day Trading Program, which exploits transient intraday pricing inefficiencies in futures on the Russell 2000 index. These pricing inefficiencies are generally created and driven by the activity of institutional equity traders operating on a much longer timescale than our trades.” John McLane of Mobius Asset Management 2008 return for Energy Trading Program: 6% Kent and Todd Horsager of Compass Strategic Investments Return since Inception (April 2008) for 5-Year Treasury Program: 9.5% |
This article was published in Opalesque Futures Intelligence.
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