2020 CTA Challenge: December Commentary

2020 CTA Challenge Concludes


Final Evaluations Begin for 2020 Participants

The 2020 CTA Challenge ends after the close of business tonight. Results will be advertised once the full annual evaluation is completed. Thank you to all of our Sponsors and Participants for making the 2020 CTA Challenge another successful campaign.

Some notes about declaring the 2020 CTA Challenge winner:

  • The final top 10 rankings will not be published until sometime in late January.
  • The data from the entire 2020 year will be re-evaluated completely for all participating programs to ensure no calculation errors or data anomalies are present.
  • Badge awards for the top five ranked programs will be distributed on the same day official 2020 rankings are published.
  • Any and all inquiries about the calculations used, the ranking explanation, the awards issued or what the winners can expect for 2021 should be directed to to the CTA Challenge team at Coquest by calling 1-214-580-4220.

Registration For The 2021 CTA Challenge (Closed)

For those that started the 2021 CTA Challenge registration but have not yet completed it, please reach out to Coquest to finalize the rest of the process. Call 1-214-580-4220 or email us immediately to complete your registration.

There is no cost to register or participate. The CTA Challenge is a year-long campaign which aims to evaluate and promote best-of-breed Managed Futures investment products. The CTA Challenge provides active risk-adjusted rankings, based on daily data and analysis, and distributes the results to investors around the globe. Participants in the 2020 CTA Challenge that are still operating will be automatically enrolled in the 2021 campaign.

Of the 115 programs in the 2020 CTA Challenge, we have seen performance range from -53% to +69% ROR since January 1st (gross performance numbers) as of the end of November. Just like the futures market prices, the performance moves for CTA managed futures programs have been all over the place. The unpredictable nature of market price moves, both in direction and size, require CTAs to employ hefty risk controls if they want to protect their customers from large losses in the investment accounts.

In the CTA Challenge, we take a risk-adjusted approach to analyzing and ranking CTA programs to ensure we are evaluating performance and risk numbers achieved as well as performance and risk exposures. We are evaluating “what actually happened” and also looking at “what could have happened”. See below for the most recent top 5 ranked programs year-to-date in the CTA Challenge.

To better navigate this landscape, interested investors should contact a Coquest representative with any questions on accessing Managed Futures.

Please note that Managed Futures investments and trading in futures, in general, can carry leverage and a high degree of risk. It is not suitable for all investors. See the full disclosure notice at the bottom of this newsletter. And, as always, past performance is not indicative of future results.

Contact Us

Are you an investor who wants to know more? To learn more about the CTA Challenge participating investment programs, or others that are performing well in this current environment, please contact Coquest by clicking here or calling 1-214-580-4220.

Visit: CTAChallenge.com for more details.


2020 CTA Challenge:

Top 5 Ranking Through The End Of November

#1: AG Capital Investments LLC/Discretionary Global Macro Program
#2: Revolution Capital Management LLC/Alpha Program *QEP*
#3: Breakout Funds LLC/Breakout Strategy *QEP*
#4: Teza Capital Management LLC/Systematic Macro Program *QEP*
#5: Balorca Capital LLC/Strategic I Program

See the full current rankings here.

CTAs interested in participating, or investors interested in learning more about CTAs and Managed Futures investment strategies, should contact Coquest and the CTA Challenge by clicking here.

Featured CTA

WaveFront Global Asset Management

Founded in 2003, WaveFront is a privately-owned global asset management company based in Toronto, Canada. At WaveFront, we believe financial markets remain heavily influenced by pervasive behavioral biases and structural issues which give rise to a number of persistent and predictable investment opportunities. Informed by decades of research and experience through many market cycles, our success is based on applying a data-driven, scientific approach to observing and analyzing market behavior to identify and capture those opportunities that can deliver superior long-term investment performance for our clients.

Visit CoquestTradersResearch.com to learn more about this CTA and to become a premium member of the site.


Featured Sponsor

Traders Fulcrum

Traders Fulcrum is an informal networking group of over 2,000 Chicago-area Traders, Alternative Investment Fund Managers, Asset Allocators and other Money Management professionals who get together to hoist a few beers and talk shop. Meetings occur about once every quarter with an average of 200 attendees (currently virtual).


Upcoming Events — Mark your calendars!

CTA Challenge 2021 – Launch
January 1, 2021
Global – Online at www.ctachallenge.com