Wednesday, 27 August 2014
Last updated 8 hours ago
Feb 22 2007 | 12:14pm ET
Peter Hansen, a former researcher and commodities software developer for famed trader Victor Niederhoffer, last month launched the Comprehensive Program, a systematic diversified futures strategy. The program, which is currently managing $11.5 million, returned 2.26% in its first month of trading.
“The Comprehensive Program combines 11 different systems; most of these are not trend-following systems like the ones used by most systematic futures traders,” Hansen says. “Our systems have average holding periods ranging from less than 24 hours to about two months. Most of our contracts traded are in the very short-term systems, but once we adjust for longer-lasting exposure in longer-lasting trades, the picture is more balanced. Nonetheless, we obviously lean to the short-term side compared to most of the industry.”
The program charges a 2% management and 25% performance fee, with a $2 million minimum investment requirement.
Hansen also manages the Managed Account Program, which employs the same trades at the same volumes as its sister comprehensive program. The only difference between the two programs is the inclusion of a currency system that Hansen recently developed, which is trading only in the comprehensive program.
The managed account program has achieved annualized returns of 7.97% since inception in April 1994. It is currently managing $19 million in assets.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...