Tuesday, 31 March 2015
Last updated 36 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…