ABC Widgets

Volume 1 Issue 2 — Spring 2009

ADM Investor Services, Inc. (“ADMIS”) and Balarie Capital Management (“BCM”) are pleased to provide you with the first quarter 2009 edition of the Managed Futures Quarterly (“MFQ”). The MFQ highlights the world of managed futures each quarter. From pertinent commentary to performance updates to interviews with a managers and industry experts.

This edition focuses on risk and some of the trends that we expect to see in this sector.  Aleksey Matiychenko of Risk-AI, LLC writes about the importance of effective risk management and Emanuel Balarie discusses some of the trends that are likely to occur as a result of the current market environment. We also have an interview with Nicholas Pantazis of Dynahedge Capital Investments, who is featured in our Emerging Manager Spotlight. If you are an emerging manager and would like to be considered for this column, please email us at mfq@admis.com.

As always, we have included industry news and links to some industry events.

Lastly, we have included a brief survey that will help us with determine the content and format for future editions of MFQ.

 

 

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After stealing the show in 2008 with a combined return of 13.4%, the managed futures sector posted a down quarter to start 2009. Through March, the Barclay CTA index was down 1.46%. While the decline in this sector was broad based, trend followers had an especially difficult time trading the choppy markets. You can view returns here ( Link Barclay Strategy Summary). But even with a declining sector, there were some CTAs that were able to post positive numbers for the first quarter. You can view the BCM Top 10 for March here... Read more...

 

- "A Good Run for Managed Futures Funds"
Read Article

- "Managed Futures" An almost-perfect hedge. These funds thrive during times of adversity."
Read
Article

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Fund of Funds Risk Management
By Aleksey Matiychenko of RISK-AI, LLC

It is no secret that 2008 was one of Wall Street’s toughest years and perhaps the most challenging year ever for hedge funds. Evidence of this can be found in the dismal performance of the Barclay’s Hedge Fund and Fund of Funds indices, both down almost 21%. Many funds blew up, including Sailfish, Peloton and others. As the year closed, serious allegations of fraud were levied against one of the most famous and respected hedge fund managers, Bernard Madoff. Read more...

 

1 - Forbes Futures - 183.33

2 - Archipel, Stars - 25.54

3 - WST RMP - 24.00

4- Oxeye, FTSE Option Premium - 22.78

View More...

 

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Dynahedge Capital Investments - Interview with Nicholas Pantazis

NICHOLAS PANTAZIS is the principal and trader for Dynahedge Capital Investments. Since 1991, upon graduation from university, he has worked in various capacities in the derivative industry. From 1993 until 1996 he worked as a proprietary currency trader for an international ship owning group. From 1996 until December of 2001 he was employed at PNB Management in the development and implementation of technical trading systems for use in commodities markets. In January of 2002 Mr. Pantazis did work for a number of companies, on a consultancy basis where he was responsible for trading strategies on options and futures up until April of 2003. In May 2003, Mr. Pantazis worked for the Triglobal Life Insurance Group where he developed and traded strategies focusing on options and futures on U.S. equity indices. In July of 2004, he decided to devote his attention and energies on becoming a CTA. Read more...

 

 


The risk of loss in trading futures and options contracts can be substantial. You should therefore, carefully consider whether
such trading is suitable for you. Past performance is not necessarily indicative of future results.

©2009 ADM Investor Services and Balarie Capital Management. All rights reserved.