JEM Alpha Diversified Program 3X
Executive Summary
The JEM Alpha Diversified Program seeks to profit from price movements in commodity contracts using a combination of market and fundamental indicators. Launched in 2006 (originally known as the JEM Commodity Relative Value Program), consistent, long-term track record is a product of the firm's rigorous R&D process, comprehensive risk management, broad diversification, and best-in-class technology.
The Program is of interest to investors in a variety of strategy classes, including absolute return, managed futures, commodity, global macro, relative value, quant, machine learning, uncorrelated and niche strategies. It offers low drawdowns, minimal commodity beta, and very low to nearly zero correlation to all major asset classes and hedge fund styles, including commodity indices, CTAs and commodity traders.
The program offers a highly diversified portfolio covering the energy, base & precious metal, grain, livestock and food / fiber markets, employing multiple quantitative models covering diverse implementations and time frames. It combines the long-running Market Neutral strategies that capture forward curve alpha within individual commodities via calendar spreads, with the newer, uncorrelated Long / Short strategies that capture distinct opportunities across commodity markets.
The Program can be accessed via our 1X, 2X and 3X Programs. The 3X Program targets a 15% annualized volatility with a long-term anticipated information ratio of about 1.0. Figures for AUM, minimum investment, and fees are quoted for the 1X Program equivalent.
The Program is open for investment via our Cayman and Delaware based Master-Feeder fund, which offers many of the advantages of a managed account, including top-tier service providers, solid cash management, efficient margin usage, monthly liquidity. It is also available through the dB Select platform and SMAs.
Recent accolades include: winning the 2021 HFM US Quant award for Best Diversified CTA; being shortlisted for Best Commodity Fund by the HFM US Quant Awards for 2020, 2021 and 2022; winning HFM's 2018 US Performance Award for Best Quantitative Strategy under $1B and being short-listed in Best Managed Futures and/or Best Commodities categories every year from 2018-2024.
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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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