2020 CTA Challenge Enters Final Leg
The 2020 CTA Challenge has two months left before the annual competition comes to an end. We have seen quite a bit of performance activity so far this year and some big changes to the rankings as time progressed. With global market volatility rocked by the Covid-19 outbreak, the subsequent central bank policy moves and the recent U.S. election, 2020 sure has been tough for traders to capitalize on consistent returns.
One consistency we have seen, though, is the strong performance of AG Capital, Revolution Capital and Breakout Funds. These three CTAs have held spots in the top 5 rankings almost all year. Considering the participant group is 115 programs, this is no small feat for any trader, let alone three of them, to accomplish.
There are still two months to go and plenty of time for the top 5 rankings to change again. We have seen it multiple times in the past and would not be surprised to see it again this year…although it will require some really good numbers to do so. Check back soon for more updates as we approach the finish line.
Registration is Open For The 2021 CTA Challenge!
Commodity Trading Advisors (CTAs) who are interested in participating in the 2021 CTA Challenge should contact Coquest now to get your program registered. The registration period closes December 4, 2020.
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 CTA Programs. 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 for next year.
Click on the below banner to learn more about the CTA Challenge mission to educate and benefit investors and CTAs.
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 September. 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.
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 October
#1: AG Capital Investments LLC / Discretionary Global Macro Program
#2: Breakout Funds LLC / Breakout Strategy *QEP*
#3: Revolution Capital Management LLC / Alpha Program *QEP*
#4: Teza Capital Management LLC / Systematic Macro Program *QEP*
#5: Metolius Capital LLC / Diversified Systematic Global Macro *QEP*
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.
Eckhardt Trading Company (ETC)
Led by Bill Eckhardt and based on over 40 years of scientific system development and evolutionary computing, ETC creates unique investment products that dynamically adapt to changing markets. Their portfolio of systems include short-term trend and non-trend strategies as well as volatility select with an average trade duration of 9 days.
Visit CoquestTradersResearch.com to learn more about this CTA and to become a premium member of the site.
Nesvick Trading Group (NTG) partners with several commodity trading advisors. NTG began working to develop CTAs in 2008, and has since aimed to cultivate some of the premier programs within the managed futures space in the industry. NTG currently works with over eight CTAs that trade primarily in grains, livestock, equities, and currency markets. Each are different in their trading styles in the hopes to have a product to meet anyone’s specific risk parameters.
Upcoming Events – Mark Your Calendars!
CTA Challenge 2021 — Registration Now Open
October 1 – December 4, 2020
Global – Online at www.ctachallenge.com
CTA Challenge Sponsors