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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of