Managed Futures Roundup: Nov. Volatility Good For Multi-Market Managers

Dec 1 2009 | 1:01pm ET

By Jeff Malec -- November was a good month for many multi-market managers who reaped the benefits of volatility and trendy market conditions across many commodity markets.  

Clarke Capital Management made a strong move last week and is now at the top of the standings.  The Clarke Capital Global Magnum program leads the pack at +12.72% est., while the Clarke Global Basic Program is close behind at +8.72% est.  Hoffman Asset Management +4.50% and Integrate Managed Futures Global Concentrated +4.25% continue to post very strong numbers as well.   Robinson – Langley also made a strong push last week and is now up +3.97% est. in November.

Other multi market managers in the black include 2100 Xenon Managed Futures (2x) Program +2.70% est.,  Futures Truth SAM 101 +2.30% est., GT Capital +2.23% est., Mesirow Financial Commodities Absolute Return +0.76% est., and  APA Strategic Diversification +0.25% est.

Unfortunately, there are some managers still in the red.  Those with losses thus far in November include Mesirow Low Volatility -0.05% est.,  APA Modified -0.55% est., Futures Truth MS4 -0.74% est., Sequential Capital Management -1.04% est., Dominion Capital Management -1.47% est., Quantum Leap Capital -3.29% est., and Dighton Capital USA Aggressive Futures -5.17% est.

Option Trading managers held steady for the week and appear to have finished ahead on the whole for November.   The top performer for the month, heading into today, is Raithel Investments with estimated gains of +4.85%.  Raithel’s near 5% gain for the month is a bit unusual for their trading style; however can be attributed to a volatility spike in the last few days of October that quickly subdued.  The spike caused for a -3.15% return in October.  This month’s gains should take the program to near break even on the year.

Other Option Trading estimates are as follows: Ace Investments +2.26%, Cervino Diversified +1.15%, Cervino Diversified 2x +2.29%, Crescent Bay PSI +2.56%, Crescent Bay BVP +2.87%, FCI OSS +4.16%, FCI CPP +2.70%, HB Capital +0.89%, and Oak Investment Group +4.05%.

Specialty Trading manager Emil Van Essen also held steady last week with Emil Van Essen still leading the way +0.92%.  Emil Van Essen Low Minimum program was ahead +18.39% through the end of October and has been a true diversification tool for investors in 2009.

Elsewhere, NDX Abednego is ahead +0.12%, NDX Shadrach is down -0.04%, and Rosetta is giving back approximately -1.46%.

Finally, Short Term Index trader Paskewitz Asset Management 3X Contrarian Program is up +0.67% in November. (View Detailed CTA Rankings)

Jeff Malec is the CEO and a Founding Partner of Attain Capital Management, a specialized asset management firm focusing on unique alternative investments in markets around the globe. Attain is headquartered in Chicago, Illinois with a branch office in Grand Rapids, MI; and has approximately $100 million in customer assets trading through the firm and its subsidiaries.  Mr. Malec directs much of the research and investment strategy for the firm, doubling as Chief Investment Officer of Attain's registered CTA, Attain Portfolio Advisors.


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