College Dropout Turns CTA

Jan 10 2007 | 11:29am ET

Dustin Dubia, a college dropout who started his own chain of cellular phone stores in California and Washington state, has launched the Futures Index program, which exclusively trades the electronic S&P500 E-Mini contract at the Chicago Mercantile Exchange. In its first three months of trading, the program returned 20.72%.

Futures Index, which is 95% systematic, consists of roughly 80 different systems grouped into five independent trading models, according to firm documents. Two day-trade and three short-term (one-to-five-day holding time) models are represented. The program is 35% trend-following, 40% counter-trend and 25% predictive. Model positions are equally likely to be long or short the market.

The program charges no management fee and a 30% incentive fee, with a $100,000 minimum investment requirement.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...