Jeff Malec is the CEO and founding accomplice of Attain Capital Administration (www.AttainCapital.com) – a commodity futures brokerage and analysis agency specializing in managed futures investments by means of individually managed accounts and privately provided funds. Please learn the essential disclaimer relating to managed futures under:
Disclaimer:
Composite efficiency information are hypothetical in nature, and the buying and selling advisors haven’t traded collectively within the method proven within the composite. Hypothetical efficiency outcomes have many inherent limitations, a few of that are described under. No illustration is being made that any multi-advisor managed account or pool will or is more likely to obtain a composite efficiency document just like that proven. In reality, there are ceaselessly sharp variations between a hypothetical composite efficiency document and the precise document subsequently achieved. One of many limitations of a hypothetical composite efficiency document is that selections referring to the collection of buying and selling advisors and the allocation of property amongst these buying and selling advisors had been made with the advantage of hindsight primarily based upon the historic charges of return of the chosen buying and selling advisors. Subsequently, composite efficiency information invariably present optimistic charges of return. One other inherent limitation on these outcomes is that the allocation selections mirrored within the efficiency document weren’t made below precise market situations and, due to this fact, can’t utterly account for the impression of economic threat in precise buying and selling. Moreover, the composite efficiency document could also be distorted as a result of the allocation of property adjustments occasionally and these changes are usually not mirrored within the composite.
Foreign currency trading, commodity buying and selling, managed futures, and different various investments are complicated and carry a threat of considerable losses. As such, they don’t seem to be appropriate for all traders. Except distinctly famous in any other case, the information and graphs included herein are supposed to be mere examples and displays of the subject mentioned, are for instructional and illustrative functions solely, and don’t characterize buying and selling in precise accounts.
The point out of asset class efficiency relies on the famous supply index (i.e. Newedge CTA Index, S&P 500 Index, and so forth.), and traders ought to take care to know that any index efficiency is for the constituents of that index solely, and doesn’t characterize your complete universe of attainable investments inside that asset class. And additional, that there could be limitations and biases to indices: reminiscent of survivorship and self reporting biases, and on the spot historical past.
Previous efficiency will not be essentially indicative of future outcomes. The laws of the CFTC require that potential purchasers of a managed futures program (CTA) obtain a disclosure doc when they’re solicited to enter into an settlement whereby the CTA will direct or information the shopper’s commodity curiosity buying and selling and that sure threat elements be highlighted. The disclosure doc incorporates a whole description of the principal threat elements and every payment to be charged to your account by the CTA.
