Coquest Call: The CTA Challenge — What Are Managed Futures?
The CTA Challenge — What are Managed Futures?
The CTA Challenge is an alternative investment product research and ranking campaign, specifically focused on asset managers that trade managed futures investment programs. But what exactly are “Managed futures”?
Managed futures are classified as an investment strategy that trades only futures contracts (exchange-traded derivatives) in a fund or a separate account which investors can allocate to. The alternative asset manager actively (and sometimes passively) uses futures contracts to generate investment returns for clients. The asset managers that specifically use managed futures are commonly referred to as CTAs (Commodity Trading Advisors). The US. and other developed nations that have futures exchanges also have government-sponsored regulators that require specific registrations and oversight of CTAs as a separately regulated and monitored class of asset managers.
Coquest teamed up with Dan Collins, former editor-in-chief of both Futures Magazine and Modern Trader, to take a deeper dive into the identification and usage of managed futures trading strategies. Click here to read the article.
About the CTA Challenge
The CTA Challenge is a year-long research campaign that 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. There is no cost to register or participate.
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.
Are You An Investor Who Wants To Know More?
To learn more about the investment programs participating in the CTA Challenge, or others that are performing well in this current environment, please contact Coquest by clicking here or calling 1-214-580-4220.
2020 CTA Challenge
Final Top 5 Overall Rankings For 2020
#1: AG Capital Investments LLC / Discretionary Global Macro Program
#2: Revolution Capital Management LLC / Alpha Program *QEP*
#3: Metolius Capital LLC / Diversified Systematic Global Macro *QEP*
#4: Four Seasons Commodities Corp / Hawkeye Spread Program
#5: Teza Capital Management LLC / Systematic Macro Program *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.
Teza Capital Management LLC is a quantitative asset management firm that strives to forge a path of continuous innovation. Originally founded in 2009 as a science and technology-driven global quantitative trading business, Teza derives its unique edge in asset management from its algorithmic, low-latency trading past and science-based investment processes. Under the leadership of CEO Misha Malyshev, Teza’s innovative approaches to quantitative research and platform engineering distinguish them from other quant trading firms.
Gate 39 Media is a financial services marketing and technology agency providing complete solutions for the financial industry since 2001. Gate 39 Media serves commodity trading advisors, hedge funds, introducing brokers, and alternative investment firms through solutions designed to raise AUM and build brand awareness. These solutions include custom pitchbook presentations, website development, tear sheets, collateral, branding, and more. since 2001. Gate 39 Media serves commodity trading advisors, hedge funds, introducing brokers, and alternative investment firms through solutions designed to raise AUM and build brand awareness. These solutions include custom pitchbook presentations, website development tear sheets, collateral, branding, and more.
CTA Challenge Sponsors
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Transactions in securities futures, commodity and index futures, options on futures and Over-the-Counter (OTC) markets carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract or OTC positions, meaning that transactions are heavily “leveraged”. A relatively small market movement can have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You could sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm or OTC counterparty, upon settlement, to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Past performance is not indicative of future results.Back