2020 CTA Challenge — October Commentary

Registration is Open For The 2021 CTA Challenge!

Commodity Trading Advisors (CTAs) 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 that 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 1 (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.

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 September

#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: Cayler Capital LLC/Systematic Energy Diversified Strategy *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.


Featured CTA

Southwest Managed Investments (SWI) is a CTA based in Santa Fe, New Mexico, and specializes in applied systematic trend following. SMI’s Global Diversified Program, operated by its founder John Teer, launched in 2002 and has consistently traded using only technical inputs. The long-term nature of the trading program will hold a number of commodity and financial futures positions, long or short, at any given time.

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


Featured Sponsor

Gemini Alternative Funds, LLC services the investment community as a Managed Account Platform (Galaxy Plus) working with dedicated managed accounts and co-mingled funds, as well as a structured product platform sponsor. Galaxy Plus provides a comprehensive platform of centralized operational services and distribution of products. The operational services provided directly by Galaxy Plus include transparency, uniform operational setup, risk and guideline management, and liquidity enhancements.


Upcoming Events – Mark Your Calendars!

CTA Challenge 2021 – Registration Now Open
October 1 – December 4, 2020
Global – Online at www.ctachallenge.com