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Jeff Malec
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Jeff Malec is the CEO and founding partner of Attain Capital Management (www.AttainCapital.com) - a commodity futures brokerage and research firm specializing in managed futures investments through individually managed accounts and privately offered funds. Please read the important disclaimer... More
My company:
Attain Capital Management
My blog:
Attain Capital Managed Futures Blog
  • Where do managed futures go from here? 0 comments
    Aug 16, 2011 10:04 AM

    Our newsletter is up for the week, and this time around, we’re discussing the VIX. We ended one of our blog posts last week asking where does volatility go from here? That is the million dollar question. Are we at mid 07, about to see 18 more months of high volatility; or are we at the end of 08, where volatility is about to drop drastically?

    If the volatility of last week was just the tip of the iceberg and a trigger for increased volatility across markets – then traditional, long volatility, managed futures programs are where you want to be. But if the volatility spike was just that – a spike – and we fall back down to normal levels of volatility across markets – then a short volatility program may be better suited for medium term success moving forward.

    We all know managed futures crisis period performance, but are we at the beginning of the crisis, or the end? There were a lot of people who got into managed futures at the end of the first credit crisis (around December 2008) who were left with losses and a bitter taste in their mouth after a down year for managed futures in 2009. Conversely, those who seized upon the first signs of a crisis in early 2007 (remember China being down 5% or so over MLK weekend), were well rewarded through the rest of 2007 and 2008.

    So, where are we? Is this volatility spike like early 2007 or late 2008 ?

    Click here to read more: http://bit.ly/omSr13

    Interested in distributing or reprinting this content? Check out our reprint policy here.

    To read more Managed Futures research pieces, visit Attain’s Managed Futures Newsletterarchive and our Managed Futures Blog.

    DISCLAIMER

    Forex trading, commodity trading, managed futures, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors.

    The entries on this blog are intended to further subscribers understanding, education, and – at times- enjoyment of the world of alternative investments through managed futures, trading systems, and managed forex.  Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts.

    The mention of asset class performance is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.) , and investors should take care to understand that any 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 and self reporting biases, and instant history.

    Managed Futures Disclaimer:

    Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.

    Copyright © 2011 Attain Capital Management, licensed Managed FuturesTrading System &Commodity Brokers. All Rights Reserved. Reprinted with permission.

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