Sunday, 28 December 2014
Last updated 3 days ago
Jun 15 2007 | 10:36am ET
Peter Hansen’s recently launched Comprehensive program is attracting quite a following among its existing investors. The Victor Niederhoffer protégé in January launched the diversified futures strategy with $11.5 million and has nearly tripled its assets under management, which stood at $33 million as of the end of May.
“Most of our existing individual customers from our Managed Account program moved their assets to the Comprehensive program,” said Hansen. “Existing customers have been happy with our performance so far and have increased their accounts.”
Both programs are short-term systems trading the same markets, the only difference being the inclusion of a currency system that Hansen recently developed, which is trading only in the Comprehensive program. Through May, the Comprehensive program is up 7.51%. The Managed Account program, which has a track record dating back to April 1994, was down 3.59% last year.
“This year has been a better environment for us than 2006,” said Hansen. “It’s been choppy, which for a lot of CTAs is bad but for us is good. There were strong directional moves in metals and in grains last year and those tend to hurt us since we have a lot of reversals and mean reversion in our techniques.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.