When analyzing a commodity trading advisor’s (CTA) track record, investors generally focus on yearly returns and peak-to-valley drawdowns.  It’s natural intuition to look at a table of returns and see if a CTA has been profitable (or unprofitable) on a yearly basis.  But, why do we focus so much on…

When an investor embarks on their managed futures journey, there is a lot of excitement and anticipation for the first several weeks.  Whenever an investor is new to managed futures, they do not know what to expect on a day-to-day basis, therefore, they monitor the performance of their portfolio very…

There are many benchmarks that a managed futures portfolio can be measured against: S&P500, BTOP 50, NewEdge CTA Index, Credit Suisse…etc.  The index an investor chooses against which he/she compares performance, largely depends on the investor’s goals and preferences.  Most traditional, every-day investors look to managed futures as a diversifier,…