Monday, 20 April 2015
Last updated 5 hours ago
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.
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…