Friday, 29 August 2014
Last updated 9 hours 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 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 ...