Since Monday was taken up by fireworks and cookouts for most of us, we have skipped the newsletter this weekend in favor of a week in review blog post. It was a week of rebounding stocks, as the Nasdaq lead the charge with gains of 6.68%. Bonds were not as lucky, with 30 year bonds dropping 3.15% and ten year notes dropping 2.35% off of 6+ month highs. In currencies, the Euro jumped 2.40%, while the U.S. dollar dropped nearly the same amount. Metals saw gains in copper, which jumped 4.54%, while the energy sector saw some of the lowest numbers in the past three months only to close higher. Corn dropped 5.60% to a 3 month low, while wheat closed down 6.44% at an 11 month low. Here’s how the CTAs we track fared during the turbulence:
| Hoffman Asset Management, INC. Managed Account |
-4.42% |
Systematic Multi-market |
| Paskewitz |
-4.76% |
Stock Index |
| Clarke Capital Management, Inc. Global Magnum |
-6.78% |
Systematic Multi-market |
DISCLAIMER
Forex trading, commodity trading, managed futures, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors.
The entries on this blog are intended to further subscribers understanding, education, and – at times- enjoyment of the world of alternative investments through managed futures, trading systems, and managed forex.
The mention of asset class performance is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.) , and investors should take care to understand that any index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship and self reporting biases, and instant history.
Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts.
Managed Futures:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
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ATTAIN CAPITAL MANAGEMENT, LLC.
1 E. Wacker Dr., 30th Floor, Chicago, IL 60601
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This communication is intended for informational purposes only. It is not intended as investment advice, or an offer or solicitation for the purchase or sale of any financial instrument. No market data or other information is warranted by Attain Capital Management as to completeness or accuracy, express or implied, and is subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Attain Capital Management, or their respective subsidiaries, affiliates, officers or employees.