Global Trend
Executive Summary
GLOBAL TREND is a systematic trend-following trading program designed to capture medium to long-term trends in global futures markets. The program is comprised of several sub-strategies, each designed to capture trends in different market environments. The program trades a spectrum of futures contracts globally including: interest rates, bonds, currencies, equity indices, energy and metals. Global Trend utilizes a Bayesian adaptation methodology to dynamically shift risk across sub-strategies, underlying parameter/speed combinations, and asset classes. DISCLAIMER: Global Trend net returns reflect the reinvestment of all income and are net of all expenses, transaction costs, and advisory fees including a pro forma 0.9% per annum management fee charged monthly. From January 1996 to March 2002 and from October 2009 to present, the returns are net of a pro forma deduction of 25 basis points per annum in expenses. FORT has continuously run the Global Trend program since inception, operating as a stand-alone trading program from inception through Sep. 2009. Unless otherwise indicated, all returns have been adjusted pro forma to reflect the current advisory fees and leverage for Global Trend, rather than the historically higher levels including a pro forma adjustment to reflect the decrease in leverage from a margin-to-equity targeted not to exceed 14% to one targeted not to exceed 9%. The returns reflect the performance of representative accounts, subject to the pro forma adjustments, selected because they were fully funded in each period since inception. Beginning in Oct. 2009, the returns are extracted from a fully funded account for which a portion was traded pursuant to the Global Trend program and are obtained by extracting the trades attributable to Global Trend and calculating the returns generated by those trades. The extracted returns include an estimation of interest for uninvested cash, and they do not reflect all of the gains or losses resulting from the conversion of foreign currency balances at brokers to U.S. Dollar. These extracted returns were not realized by any investors in the trading program. FORT's trading programs are subject to a high degree of risk. There can be no assurance that the Global Trend program will achieve its objective or avoid incurring substantial or total losses. The pro forma adjustment to the targeted margin-to-equity ratio make such performance results hypothetical performance in that the actual performance of the vehicle from which it was drawn was traded at a different margin-to-equity ratio during the relevant period.
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Disclaimer Info
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.
The programs listed here are a sub-set of the full list of programs able to be accessed by subscribing to the database and reflect programs we currently work with and/or are more familiar with.
Benchmark 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, self reporting, and instant history. Individuals cannot invest in the index itself, and actual rates of return may be significantly different and more volatile than those of the index.
Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.
Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.
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The Quintile Rankings and RCM Star Rankings shown here are provided for informational purposes only. RCM does not guarantee the accuracy, timeliness or completeness of this information. The ranking methodology is proprietary and the results have not been audited or verified by an independent third party. Some CTAs may employ trading programs or strategies that are riskier than others. CTAs may manage customer accounts differently than their model results shown or make different trades in actual customer accounts versus their own accounts. Different CTAs are subject to different market conditions and risks that can significantly impact actual results. RCM and its affiliates receive compensation from some of the rated CTAs. Investors should perform their own due diligence before investing with any CTA. This ranking information should not be the sole basis for any investment decision.
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