Former Pro Hoopster Launches CTA, Posts 4.5% Return

May 4 2007 | 12:06pm ET

Ilan Levy-Mayer, a former pro basketball player, is trying his hand at a different kind of game: a CTA dubbed LEVEX Capital Management. Last month, he began trading the REL100 program, which systematically trades stock index futures, financial futures and energy futures, and in its first two weeks of trading posted a 4.5% return.

The program trades 30-year bonds, mini-S&P500 and mini-crude markets, and is primarily an intra-day trading system but does hold positions overnight. It averages approximately three trades per day and entries are based on a combination of several indicators along with time, price and volume.

Mayer, who played professionally in Israel, is registered as both an introducing broker and a CTA, said he launched the trading advisor to keep his brokerage clients in the game. “I’ve been a broker for nine years and sometimes it was mentally exhausting to see how many clients come and go and lose money,” said Mayer. “I thought if I could come up with something that would allow the clients to make some money, then that would benefit me as a broker. So I decided to put my money where my mouth is and become a CTA.”

The program charges no management fee and a 25% performance fee, with a $25,000 minimum investment requirement.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.