Altegris Launches CTA Challenge

Nov 16 2012 | 9:05am ET

Drivers,  start your... commodities trading strategies?

La Jolla, Calif.-based Altegris Clearing Solutions is throwing down a challenge to professional managed futures managers.

Jon Sundt, Altegris president and CEO, says the contest will give his firm the opportunity “to find and highlight exceptional managers who demonstrate real, sustainable talent” and “provide managers with a platform to measure their performance and benchmark the effectiveness of their strategies, while showcasing their talent to potential investors.”

The challenge is open to all qualified CTAs, “both undiscovered talent and established managers.” Registration for the 2013 challenge opened in November and will close on December 10, 2012. The contest begins in January.

Interested managers can participate by filling out an online form and paying the appropriate entrance fee: $7,500 (clearing through Altegris Clearing Solutions) or $10,000 (clearing through approved service provider). They will then be added to both Altegris' proprietary trading software as well as software being provided by Investor Analytics in order to have their trades followed.

The winner, selected based on both quantitative and qualitative scoring (including both daily, total risk-adjusted returns and position-based analysis), will be announced at an awards dinner in Florida scheduled to coincide with the MFA and Alphametr conferences. The prize is publicity—and free entry into the 2014 challenge.

Both potential investors and the public will be able to watch the contest via the CTA Challenge web site.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note