Saturday, 28 March 2015
Last updated 19 hours ago
Jun 11 2007 | 11:41am ET
Montague Financial’s diversified P100 program futures looks like it may be breaking out of its recent funk. The program returned 18.31% last month after changes to its trading methodology. But it still has a long way to go: It’s down 19.8% year-to-date.
“This program has always been 98% systematic and 2% discretionary and has delivered fantastic rate of return for many years,” according to Montague founder Pascal Guessas, in his latest monthly investor letter. “So I had to take drastic measures and this program is now 50% discretionary; so, in other words, I have to use my trading experience of over 30 years in the futures industry to manage this program in a very different way.”
Guessas cautioned that it is still too early to tell if the program’s adoption of discretionary trading has “done the trick,” stating that it needs another three to four months of performance to be sure. “I am still running the P100 program on a systematic basis on the side and will be able to see straight away when it can work again the way it is supposed to,” he wrote.
The futures veteran is also converting his systematic P50 program to a 50% discretionary program as of today hoping that the conversion will help turn the program’s performance around as well. The program was down 1.74% in May and is down 29.09% in 2007.
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…