jueves, 15 de enero de 2015

Resultados sistemas año 2014.

Ya acabado el mes de diciembre podemos ver los resultados de los sistemas (salvo error de anotación). Para tener una orientación, también publico los completos del año 2.013 y 2.012 para cada uno de ellos. Los resultados en estos ultimos meses han sido muy irregulares y la cartera global acaba con beneficios en este 2.014, ya desde el mes de septiembre. Los resultados de la columna de cada mes reflejan el del periodo completo de los meses en conjunto, reflejando el periodo de 1/01/2.014 hasta el fin de mes correspondiente. Del sistema SPAG publico los resultados en sus dos versiones actuales, la SPAG y SPAGV2. He incluido en la tabla los resultados del último sistema publicado el IntraDiaFull (IDF) pero solo aplicado a 4 mercados, 2 europeos (Dax y CAC) y dos americanos (Mini SP y Mini Rusell ).  Este mes han habido 12 del total de sistemas que se salden con resultado positivo en su acumulado anual 2.014. El año para el global de la operativa cierra en positivo de nuevo, no sin haberlo pasado mal buena parte del año, pues hasta el mes de agosto incluido los resultados globales eran negativos.La cartera en USA cierra el año con muy ligeras pérdidas, tras llevar dos extraordinarios años.
Lo que si queda claro, mes tras mes, que es  imprescindible una buena diversificación tanto de sistemas y estilos de operativa como en la operativa en distintos derivados para poder ser minimamente consistente en los resultados y tratar de minimizar las pérdidas.. Siempre podemos encontrarnos sistemas que deben apartarse de la operativa y deber ser sustituidos por otros que tengamos a disposición en reserva. Siempre hay que estar investigando en nuevos sistemas, derivados y estilos de operativa. Por muchos sistemas de que dispongamos, no tenemos asegurada rentabilidad alguna y si sufrimiento para conseguirla. Unos años unos sistemas fallan y al siguiente remontan el vuelo y vuelven a los beneficios, pero también sucede al revés. NO HAY NADA QUE FUNCIONE SIEMPRE Y EN TODOS LOS ESCENARIOS.
Tengo ya comercializándose y auditándose de forma externa nuevos sistemas automáticos de trading en la plataforma de TradingMotion y en ClickSistemas. Si algún lector desea tener información de dichos sistemas pueden verlos alli bajo el nombre del desarrollador Esoftrading. Los sistemas alli comercializados no son ninguno de os publicados aqui en este blog. También pueden escribirme un mail solicitando información.
Veamos los resultados de todos los sistemas sin detalle de su drawdown actual en esta ocasión: (clica en la imagen para verla más grande y clara):



Resultados fondos cuantitativos a noviembre 2014.

En la tabla siguiente podemos ver los resultados hasta el mes de noviembre del año 2.014 de los principales fondos cuantitativos y su acumulado anual. La media de noviembre como podrán ver es de un beneficio de un 6,80%, siendo en el acumulado del año de un beneficio de 19,99%. Solo 1 de estos fondos mantiene el año 2.014 con pérdidas. ¿ Cómo seguirá el mes que viene y como será el año ?. Para saberlo tendremos que esperar. Les recuerdo el enlace a mis últimos resultados publicados: Resultados mensuales acumulados. En la tabla siguiente tienen los resultados de los fondos cuantitativos (fuente: automated-trading-system.com):
 
Organisation / Fund Return YTD * AUM **
Abraham Trading1
4.55%
21.16%
$335M
Altis Partners2
6.86%
7.57%
$324M
Aspect Capital3
12.02%
23.97%
$4,780M
Beach Horizon4
7.10%
35.20%
$103M
BlueTrend5
4.13%
17.26%
N/A
Campbell & Company6
6.60%
14.35%
$3,684M
Chesapeake Capital7
3.91%
10.16%
$227M
Clarke Capital8
5.93%
16.55%
$18M
Covenant Cap. Mgt.9
6.94%
26.62%
$72M
Drury Capital10
9.64%
23.02%
$231M
Dunn Capital11
13.43%
26.52%
$447M
Eckhardt Trading12
4.12%
14.69%
$337M
EMC Capital13
6.03%
21.83%
$91M
Estlander & Partners14
5.62%
7.03%
$258M
Graham Capital15
7.69%
15.74%
$2,497M
Hawksbill Capital16
2.08%
16.09%
$55M
Hyman Beck & Co.17
6.14%
6.44%
$181M
ISAM18
14.46%
45.16%
$665M
Lynx Asset Mgt19
9.93%
25.50%
$5,710M
Man AHL Diversified20
7.00%
28.40%
$939M
Mark J. Walsh & Co.21
11.23%
22.74%
$89M
Millburn Ridgefield22
1.96%
19.51%
$824M
Mulvaney Capital23
13.05%
53.49%
$198M
Quantica Capital24
4.92%
12.46%
$592M
Rabar Market Research25
3.64%
19.51%
$133M
Saxon Investment26
0.24%
-3.30%
$56M
Sunrise Capital27
4.99%
5.78%
$150M
Tactical Investment Mgt28
7.99%
36.52%
$61M
Transtrend29
6.91%
15.79%
$4,790M
Winton Capital30
4.99%
14.00%
$26,400M
Summary Figures***
6.80%
19.99%
$54,247M
 
 Notes
 
* YTD: Year-To-Date performance.
** AUM: Assets Under Management for the program reported here (not total firm AUM)
*** The summary numbers are the mean of the monthly return and the mean of the YTD, with the total sum of AUM, across all managers

Note that the figures referenced in the performance table are not provided directly by any of the funds/CTAs featured in this report, but are sourced from other publications such as hedge fund/CTA websites and databases.

1 – Abraham Trading was founded by Salem Abraham, after he was introduced to Managed Futures and Trend Following by Jerry Parker. He is considered as a “second-generation” Turtle.
Program tracked: Diversified Program. 2 – Altis Partners started trading in 2001 and now manage over a $1B with their Altis Global Futures Portfolio. The figures referenced in the performance table are not provided by Altis Partners and no reliance should be taken as to their accuracy, and as a consequence the figures may not be in accordance with any CFTC / NFA performance reporting requirements.
Program tracked: Global Futures Portfolio.
Program tracked: Aspect Capital Diversified Program.
4 – Beach Horizon was created as a fully automated trend following subsidiary of Beach Capital Mgt, founded by David Beach. Two of the founders of Beach Horizon had early involvement in AHL.
Program Tracked: Managed Account.
5 – BlueTrend, from BlueCrest Capital, is one of the largest Trend Following funds – headed by Ms. Leda Braga.
Program tracked: BlueTrend Fund Limited (GBP).
6 – Campbell & Company is one of the oldest Trend Following firms, operating for around 4 decades.
Program tracked: Global Diversified Large.
7 – Chesapeake Capital was founded by Jerry Parker, a former Turtle.
Program tracked: Diversified Program.
8 – Clarke Capital was founded by Michael Clarke in 1993.
Program tracked: Millenium Program.
9 – Covenant Capital is a CTA from Nashville. Program tracked: Aggressive Program
10 – Drury Capital, Inc., was founded in Illinois in 1992 by Bernard Drury.
Program tracked: Diversified Trend-Following.
11 – Dunn Capital was founded by Bill Dunn.
Program tracked: World Monetary and Agriculture (WMA).
12 – Eckhardt Trading is the firm managed by William Eckhardt, who co-led the Turtle experiment with Richard Dennis.
Program tracked: Standard Program.
13 – EMC Capital was founded by Liz Cheval, a former Turtle.
Program tracked: EMC Classic Program.
14 – Estlander is a Finnish CTA, founded by Martin Estlander. Program tracked: Alpha Trend.
15 – Graham Capital was founded in 1994 by Ken Tropin, previously a Director of JWH.
Program tracked: K4-D10.
16 – Hawksbill Capital was founded by Tom Shanks, a former Turtle.
Program tracked: Global Diversified Program.
17 – Hyman Beck & Co. main principals are Alexander Hyman and Carl Beck.
Program tracked: Global Portfolio.
18 – ISAM’s main individuals are Larry Hite and Stanley Fink, both instrumental in the success of MAN AHL. Program tracked: ISAM Systematic Fund Class A
19 – Lynx Asset Management is a multi-billion CTA out of Sweden. Program tracked: Lynx Program
20 – Originally ED & F Man, a commodities broker business founded in 1783. Man became a succesful CTA starting in 1983, when partnering with Larry Hite’s Mint Investments. Subsequently Man gradually acquires AHL (1989-1994) to form Man AHL: the systematic trading division of the Man group.
Program tracked: Man AHL Diversified Plc
21 – Mark J. Walsh was not an official Turtle but trained and worked closely with Richard Dennis before starting his own fund management business.
Program tracked: Standard Program.
22 – Millburn Ridgefield have been trading Trend Following models since the early 1970′s.
Program tracked: Diversified Program.
23 – Mulvaney Capital Management was founded in 1999 by Paul Mulvaney and focuses on long-term trend following.
Program tracked: Mulvaney Global Markets
24 – Program tracked: Managed Futures Program
25 – Rabar Market Research is the company of Paul Rabar, a former Turtle.
Program tracked: Diversified Program.
26 – Saxon Investment was founded by Howard Seidler, a former Turtle.
Program tracked: Aggressive Diversified Program.
27 – Sunrise Capital is a CTA based in San Diego. Founded in 1980 by Gary Davis, it merged in 1995 with Commodity Commodity Monitors, Inc., founded by Rick Slaughter in 1977.
Program tracked: Sunrise Evolution
28 – Tactical Investment Management was founded by David Druz, student of Ed Seykota.
Program tracked: Institutional Commodity Program.
29 – Transtrend is a Trend follower CTA based in Netherlands.
Program tracked: DTP – Enhanced Risk (USD).
30 – Winton Capital is a London-based CTA founded by Dave Harding (also co-founder of AHL).
Program tracked: Diversified Program.
 

jueves, 11 de diciembre de 2014

Resultados sistemas a Noviembre 2014.

Ya acabado el mes de noviembre podemos ver los resultados de los sistemas (salvo error de anotación). Para tener una orientación, también publico los completos del año 2.013 y 2.012 para cada uno de ellos. Los resultados en estos ultimos meses han sido muy irregulares  y la cartera global está con beneficios en este 2.014 ya desde el mes de septiembre. Los resultados de la columna de cada mes reflejan el del periodo completo de los meses en conjunto, reflejando el periodo de 1/01/2.014 hasta el fin de mes correspondiente. Del sistema SPAG publico los resultados en sus dos versiones actuales, la SPAG y SPAGV2. He incluido en la tabla los resultados del último sistema publicado el IntraDiaFull (IDF) pero solo aplicado a 4 mercados, 2 europeos (Dax y CAC) y dos americanos (Mini SP y Mini Rusell ).  Este mes han habido 10 sistemas que se salden con resultado positivo en su acumulado anual 2.014. El año para el global de la operativa parece que de nuevo se salvará y cerrara en positivo, no sin haberlo pasado mal buena parte del año..
Lo que si queda claro, mes tras mes, que es  imprescindible una buena diversificación tanto de sistemas y estilos de operativa como en la operativa en distintos derivados para poder ser minimamente consistente en los resultados y tratar de minimizar las pérdidas.. Siempre podemos encontrarnos sistemas que deben apartarse de la operativa y deber ser sustituidos por otros que tengamos a disposición en reserva. Siempre hay que estar investigando en nuevos sistemas, derivados y estilos de operativa. Por muchos sistemas de que dispongamos, no tenemos asegurada rentabilidad alguna y si sufrimiento para conseguirla.
Tengo ya comercializándose y auditándose de forma externa nusvos sistemas automáticos de trading en la plataforma de TradingMotion y en ClickSistemas. Si algún lector desea tener información de dichos sistemas pueden verlos alli bajo el nombre del desarrollador Esoftrading. Los sistemas alli comercializados no son ninguno de os publicados aqui en este blog. También pueden escribirme un mail solicitando información.
Veamos los resultados de todos los sistemas sin detalle de su drawdown actual en esta ocasión: (clica en la imagen para verla más grande y clara):

Resultados fondos cuantitativos a octubre 2014.

Tras mucho tiempo sin poder publicar por temas de trabajo, vamos a actualizar algunos de los datos que debríamos tener.
En la tabla siguiente podemos ver los resultados hasta el mes de octubre del año 2.014 de los principales fondos cuantitativos y su acumulado anual. La media de octubre como podrán ver es de un beneficio de un 0,83%, siendo en el acumulado del año de un beneficio de 12,23%. Solo 1 de estos fondos mantiene el año 2.014 con pérdidas. ¿ Cómo seguirá el mes que viene y como será el año ?. Para saberlo tendremos que esperar. Les recuerdo el enlace a mis últimos resultados publicados: Resultados mensuales acumulados. En la tabla siguiente tienen los resultados de los fondos cuantitativos (fuente: automated-trading-system.com):

Organisation / Fund Return YTD * AUM **
Abraham Trading1
1.91%
15.87%
$230M
Altis Partners2
-2.60%
0.64%
$288M
Aspect Capital3
3.74%
10.67%
$4,641M
Beach Horizon4
3.04%
26.23%
$54M
BlueTrend5
1.88%
12.61%
N/A
Campbell & Company6
1.61%
7.32%
$3,451M
Chesapeake Capital7
1.21%
6.04%
$210M
Clarke Capital8
7.23%
10.02%
$20M
Covenant Cap. Mgt.9
4.98%
18.65%
$69M
Drury Capital10
4.71%
12.21%
$210M
Dunn Capital11
0.22%
11.54%
$366M
Eckhardt Trading12
5.34%
10.06%
$325M
EMC Capital13
0.60%
15.05%
$87M
Estlander & Partners14
-2.05%
1.33%
$228M
Graham Capital15
3.88%
7.27%
$2,290M
Hawksbill Capital16
-4.79%
13.74%
$51M
Hyman Beck & Co.17
0.73%
0.31%
$182M
ISAM18
-0.93%
26.82%
$610M
Lynx Asset Mgt19
1.47%
14.16%
$5,194M
Man AHL Diversified20
1.30%
20.10%
$886M
Mark J. Walsh & Co.21
3.65%
10.35%
$80M
Millburn Ridgefield22
2.75%
17.21%
$0M
Mulvaney Capital23
-1.67%
35.77%
$176M
Quantica Capital24
0.92%
7.19%
$559M
Rabar Market Research25
1.47%
15.28%
$128M
Saxon Investment26
-0.20%
-3.50%
$55M
Sunrise Capital27
-3.99%
0.95%
$150M
Tactical Investment Mgt28
-12.78%
26.42%
$55M
Transtrend29
-2.06%
8.31%
$4,930M
Winton Capital30
3.38%
8.22%
$25,100M
Summary Figures***
0.83%
12.23%
$50,625M

Notes
* YTD: Year-To-Date performance.
** AUM: Assets Under Management for the program reported here (not total firm AUM)
*** The summary numbers are the mean of the monthly return and the mean of the YTD, with the total sum of AUM, across all managers

Note that the figures referenced in the performance table are not provided directly by any of the funds/CTAs featured in this report, but are sourced from other publications such as hedge fund/CTA websites and databases.

1 – Abraham Trading was founded by Salem Abraham, after he was introduced to Managed Futures and Trend Following by Jerry Parker. He is considered as a “second-generation” Turtle.
Program tracked: Diversified Program.
2 – Altis Partners started trading in 2001 and now manage over a $1B with their Altis Global Futures Portfolio. The figures referenced in the performance table are not provided by Altis Partners and no reliance should be taken as to their accuracy, and as a consequence the figures may not be in accordance with any CFTC / NFA performance reporting requirements.
Program tracked: Global Futures Portfolio.
3 – The four founders of Aspect (Eugene Lambert, Anthony Todd, Michael Adam and Martin Lueck) were significant members of one of the most successful funds in managed futures – AHL (Adam, Harding and Lueck).
Program tracked: Aspect Capital Diversified Program.
4 – Beach Horizon was created as a fully automated trend following subsidiary of Beach Capital Mgt, founded by David Beach. Two of the founders of Beach Horizon had early involvement in AHL.
Program Tracked: Managed Account.
5 – BlueTrend, from BlueCrest Capital, is one of the largest Trend Following funds – headed by Ms. Leda Braga.
Program tracked: BlueTrend Fund Limited (GBP).
6 – Campbell & Company is one of the oldest Trend Following firms, operating for around 4 decades.
Program tracked: Global Diversified Large.
7 – Chesapeake Capital was founded by Jerry Parker, a former Turtle.
Program tracked: Diversified Program.
8 – Clarke Capital was founded by Michael Clarke in 1993.
Program tracked: Millenium Program.
9 – Covenant Capital is a CTA from Nashville. Program tracked: Aggressive Program
10 – Drury Capital, Inc., was founded in Illinois in 1992 by Bernard Drury.
Program tracked: Diversified Trend-Following.
11 – Dunn Capital was founded by Bill Dunn.
Program tracked: World Monetary and Agriculture (WMA).
12 – Eckhardt Trading is the firm managed by William Eckhardt, who co-led the Turtle experiment with Richard Dennis.
Program tracked: Standard Program.
13 – EMC Capital was founded by Liz Cheval, a former Turtle.
Program tracked: EMC Classic Program.
14 – Estlander is a Finnish CTA, founded by Martin Estlander. Program tracked: Alpha Trend.
15 – Graham Capital was founded in 1994 by Ken Tropin, previously a Director of JWH.
Program tracked: K4-D10.
16 – Hawksbill Capital was founded by Tom Shanks, a former Turtle.
Program tracked: Global Diversified Program.
17 – Hyman Beck & Co. main principals are Alexander Hyman and Carl Beck.
Program tracked: Global Portfolio.
18 – ISAM’s main individuals are Larry Hite and Stanley Fink, both instrumental in the success of MAN AHL. Program tracked: ISAM Systematic Fund Class A
19 – Lynx Asset Management is a multi-billion CTA out of Sweden. Program tracked: Lynx Program
20 – Originally ED & F Man, a commodities broker business founded in 1783. Man became a succesful CTA starting in 1983, when partnering with Larry Hite’s Mint Investments. Subsequently Man gradually acquires AHL (1989-1994) to form Man AHL: the systematic trading division of the Man group.
Program tracked: Man AHL Diversified Plc
21 – Mark J. Walsh was not an official Turtle but trained and worked closely with Richard Dennis before starting his own fund management business.
Program tracked: Standard Program.
22 – Millburn Ridgefield have been trading Trend Following models since the early 1970′s.
Program tracked: Diversified Program.
23 – Mulvaney Capital Management was founded in 1999 by Paul Mulvaney and focuses on long-term trend following.
Program tracked: Mulvaney Global Markets
24 – Program tracked: Managed Futures Program
25 – Rabar Market Research is the company of Paul Rabar, a former Turtle.
Program tracked: Diversified Program.
26 – Saxon Investment was founded by Howard Seidler, a former Turtle.
Program tracked: Aggressive Diversified Program.
27 – Sunrise Capital is a CTA based in San Diego. Founded in 1980 by Gary Davis, it merged in 1995 with Commodity Commodity Monitors, Inc., founded by Rick Slaughter in 1977.
Program tracked: Sunrise Evolution
28 – Tactical Investment Management was founded by David Druz, student of Ed Seykota.
Program tracked: Institutional Commodity Program.
29 – Transtrend is a Trend follower CTA based in Netherlands.
Program tracked: DTP – Enhanced Risk (USD).
30 – Winton Capital is a London-based CTA founded by Dave Harding (also co-founder of AHL).
Program tracked: Diversified Program.

viernes, 23 de mayo de 2014

Resultados fondos cuantitativos a abril 2014.

En la tabla siguiente podemos ver los resultados hasta el mes de abril del año 2.014 de los principales fondos cuantitativos y su acumulado anual. La media de marzo como podrán ver es de un beneficiode un 1,14%, siendo en el acumulado del año de una pérdida de -1,98%. Un 66,6% de estos fondos mantienen el año 2.014 con pérdidas. ¿ Cómo seguirá el mes que viene y como será el año ?. Para saberlo tendremos que esperar a mediados de junio principios de julio. Les recuerdo el enlace a mis últimos resultados publicados: Resultados mensuales acumulados. En la tabla siguiente tienen los resultados de los fondos cuantitativos (fuente: automated-trading-system.com):

Organisation / Fund Return YTD * AUM **
Abraham Trading1
0.47%
2.77%
$164M
Altis Partners2
0.71%
-8.86%
$356M
Aspect Capital3
1.67%
-4.12%
$4,684M
Beach Horizon4
1.65%
2.51%
$42M
BlueTrend5
1.23%
-2.63%
N/A
Campbell & Company6
-0.15%
-10.89%
$680M
Chesapeake Capital7
0.66%
-2.31%
$164M
Clarke Capital8
2.57%
5.44%
$24M
Covenant Cap. Mgt.9
-1.32%
-5.41%
$68M
Drury Capital10
0.64%
-11.03%
$190M
Dunn Capital11
2.23%
-5.77%
$308M
Eckhardt Trading12
0.80%
0.10%
$325M
EMC Capital13
0.42%
-7.88%
$87M
Estlander & Partners14
-1.09%
-4.80%
$316M
Graham Capital15
1.54%
-5.46%
$2,208M
Hawksbill Capital16
-0.77%
-2.17%
$45M
Hyman Beck & Co.17
0.71%
-9.22%
$185M
ISAM18
2.92%
-0.62%
$520M
Lynx Asset Mgt19
0.80%
-3.56%
$4,685M
Man AHL Diversified20
-0.20%
-2.20%
$856M
Mark J. Walsh & Co.21
-0.47%
-6.69%
$76M
Millburn Ridgefield22
3.13%
5.19%
$718M
Mulvaney Capital23
2.67%
7.32%
$161M
Quantica Capital24
0.50%
0.94%
$541M
Rabar Market Research25
1.00%
4.77%
$122M
Saxon Investment26
0.94%
-0.93%
$68M
Sunrise Capital27
2.21%
-2.14%
$150M
Tactical Investment Mgt28
5.38%
6.91%
$51M
Transtrend29
1.50%
-0.16%
$5,305M
Winton Capital30
1.70%
1.52%
$24,400M
Summary Figures***
1.14%
-1.98%
$47,499M

Notes
* YTD: Year-To-Date performance.
** AUM: Assets Under Management for the program reported here (not total firm AUM)
*** The summary numbers are the mean of the monthly return and the mean of the YTD, with the total sum of AUM, across all managers

Note that the figures referenced in the performance table are not provided directly by any of the funds/CTAs featured in this report, but are sourced from other publications such as hedge fund/CTA websites and databases.

1 – Abraham Trading was founded by Salem Abraham, after he was introduced to Managed Futures and Trend Following by Jerry Parker. He is considered as a “second-generation” Turtle.
Program tracked: Diversified Program. 2 – Altis Partners started trading in 2001 and now manage over a $1B with their Altis Global Futures Portfolio. The figures referenced in the performance table are not provided by Altis Partners and no reliance should be taken as to their accuracy, and as a consequence the figures may not be in accordance with any CFTC / NFA performance reporting requirements.
Program tracked: Global Futures Portfolio.
3 – The four founders of Aspect (Eugene Lambert, Anthony Todd, Michael Adam and Martin Lueck) were significant members of one of the most successful funds in managed futures – AHL (Adam, Harding and Lueck).
Program tracked: Aspect Capital Diversified Program.
4 – Beach Horizon was created as a fully automated trend following subsidiary of Beach Capital Mgt, founded by David Beach. Two of the founders of Beach Horizon had early involvement in AHL.
Program Tracked: Managed Account.
5 – BlueTrend, from BlueCrest Capital, is one of the largest Trend Following funds – headed by Ms. Leda Braga.
Program tracked: BlueTrend Fund Limited.
6 – Campbell & Company is one of the oldest Trend Following firms, operating for around 4 decades.
Program tracked: Global Diversified Large.
7 – Chesapeake Capital was founded by Jerry Parker, a former Turtle.
Program tracked: Diversified Program.
8 – Clarke Capital was founded by Michael Clarke in 1993.
Program tracked: Millenium Program.
9 – Covenant Capital is a CTA from Nashville. Program tracked: Aggressive Program
10 – Drury Capital, Inc., was founded in Illinois in 1992 by Bernard Drury.
Program tracked: Diversified Trend-Following.
11 – Dunn Capital was founded by Bill Dunn.
Program tracked: World Monetary and Agriculture (WMA).
12 – Eckhardt Trading is the firm managed by William Eckhardt, who co-led the Turtle experiment with Richard Dennis.
Program tracked: Standard Program.
13 – EMC Capital was founded by Liz Cheval, a former Turtle.
Program tracked: EMC Classic Program.
14 – Estlander is a Finnish CTA, founded by Martin Estlander. Program tracked: Alpha Trend.
15 – Graham Capital was founded in 1994 by Ken Tropin, previously a Director of JWH.
Program tracked: K4-D10.
16 – Hawksbill Capital was founded by Tom Shanks, a former Turtle.
Program tracked: Global Diversified Program.
17 – Hyman Beck & Co. main principals are Alexander Hyman and Carl Beck.
Program tracked: Global Portfolio.
18 – ISAM’s main individuals are Larry Hite and Stanley Fink, both instrumental in the success of MAN AHL. Program tracked: ISAM Systematic Fund Class A
19 – Lynx Asset Management is a multi-billion CTA out of Sweden. Program tracked: Lynx Program
20 – Originally ED & F Man, a commodities broker business founded in 1783. Man became a succesful CTA starting in 1983, when partnering with Larry Hite’s Mint Investments. Subsequently Man gradually acquires AHL (1989-1994) to form Man AHL: the systematic trading division of the Man group.
Program tracked: Man AHL Diversified Plc
21 – Mark J. Walsh was not an official Turtle but trained and worked closely with Richard Dennis before starting his own fund management business.
Program tracked: Standard Program.
22 – Millburn Ridgefield have been trading Trend Following models since the early 1970′s.
Program tracked: Diversified Program.
23 – Mulvaney Capital Management was founded in 1999 by Paul Mulvaney and focuses on long-term trend following.
Program tracked: Mulvaney Global Markets
24 – Program tracked: Managed Futures Program
25 – Rabar Market Research is the company of Paul Rabar, a former Turtle.
Program tracked: Diversified Program.
26 – Saxon Investment was founded by Howard Seidler, a former Turtle.
Program tracked: Aggressive Diversified Program.
27 – Sunrise Capital is a CTA based in San Diego. Founded in 1980 by Gary Davis, it merged in 1995 with Commodity Commodity Monitors, Inc., founded by Rick Slaughter in 1977.
Program tracked: Sunrise Evolution
28 – Tactical Investment Management was founded by David Druz, student of Ed Seykota.
Program tracked: Institutional Commodity Program.
29 – Transtrend is a Trend follower CTA based in Netherlands.
Program tracked: DTP – Enhanced Risk (USD).
30 – Winton Capital is a London-based CTA founded by Dave Harding (also co-founder of AHL).
Program tracked: Diversified Program.