Saturday, 23 August 2014
Last updated 1 day 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note