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Tag Archives: CTA

Unfinished Business: John Roe Asks for Two More Years on the NFA Board of Directors Blog,Managed Futures,Regulation,Video

This year’s elections for the  board of directors of the National Futures Association is underway. John Lothian News spoke with several of the candidates, including commodity trading advisor and Commodity Customer Coalition co-founder John Roe, first elected to the board two years ago pledging reform. “When I ran for the board of directors two years ago,” says Roe, “we set out to accomplish a few things with regard to customer protections and increasing regulatory efficiency. Two years just simply is not enough time to get all of that done, and I feel we have a lot more to accomplish.” Roe is commodity…

Share Your Secret Sauce! Alan Snyder Says Emerging Managers Should Provide More Details Interview,Managed Futures,Video

Fund managers are faced with a myriad of challenges from trading and risk management to compliance and operating a business. But the challenge of marketing and raising money can be most daunting of all. Jim Kharouf, editor-in-chief of John Lothian News, spoke with Alan Snyder, managing partner of Shinnecock Group, who says there are several keys to attracting and keeping institutional investors. One of them is “sharing your secret sauce.” Snyder said that providing deeper information about how a fund trades is part of the real key in the sales process – engendering trust. “Financial services is like an intangible,”…

Which Direxion for 40 Act Funds Blog

The question for many in the managed futures industry at the CTA Expo in Chicago last month was where the next opportunity will come from. Several years now into the next big thing – managed futures mutual funds or 40 Act Funds – there is great hope and great potential for the product, depending on who you speak with. It could be the product that zaps the managed futures industry out of its doldrums and finally brings this sector into the mainstream investing circle in a big way. Others see wrinkles in the product that need to be ironed out….

JLN Managed Futures: CTA/CPO Capital Requirements; Manning & Napier, Inc. Announces Acquisition of 2100 Xenon ; Carry Trade’s Return Managed Futures,Newsletter

Observations / Statistics / Commentary HFT in the CrosshairsDoug Ashburn, John Lothian News When Michael Lewis’ “Flash Boys” hit the bookshelves a couple weeks ago, it was as if a giant HFT target had been placed on the shooting range. Since then, the calls for HFT curbs, taxes, and other regulation have become increasingly shrill. While John Lothian News has been saying for years that the equity market structure is broken and in need of a fix, too much of the current narrative is based on misinformation and partial-truths, and its chief critics have consistently, if not willfully, misrepresented the…

Home Run: Don Davis Talks About Peer-to-Peer Investments Managed Futures,Video

The US financial crisis has wreaked havoc for the past several years on the mortgage lending business, not to mention many homeowners and debtors. It also has created opportunities for innovative firms that are looking for new ways to help debtors and make a nice return at the same time. Don Davis, president of Novus Investments sat down with Jim Kharouf, editor-in-chief of John Lothian News, to talk about how his firm is profiting from the ongoing fallout from the mortgage crisis and the rise of peer-to-peer lending, at the Emerging Manager Forum in Miami in December. Davis, a CTA,…

Connecting the Dots Commentary,Managed Futures

John Lothian

My friends at the National Futures Association asked me to connect the dots about my new managed futures newsletter offering from John J. Lothian Managed Futures, LLC. So here goes. I am going to publish a daily newsletter with the trading signals from the Maple Sugar trading program that is listed in the disclosure document of John J. Lothian Managed Futures, LLC (see the disclosure document at johnlothian.com/cta). This is the same program that was offered and traded with real customer funds by John J. Lothian & Company, Inc. from 2004 to 2011 when it was registered with the NFA…

Managed Futures Gets Bloomberged, 3.0: Starting Over From the Beginning Commentary,Managed Futures

John Lothian

One way to start a CTA business is by writing a newsletter and giving away your trading ideas and signals.  Once you build a large enough audience, you start to charge a monthly fee for your service.  Once you get enough people willing to pay for your service, you announce you will no longer be offering it as a newsletter, but will be offering it as a money management product. This is what I intend to do. Read Part 1 here. Read Part 2 here. I have the company set up, John J. Lothian Managed Futures, LLC (“JJLMF”).  It is…

Managed Futures Bloomberged, Part 2.0: Starting Over From the Beginning Commentary,Managed Futures

John Lothian

I became a CTA in part because Jon Matte did not want to charge fees to his clients that he felt he did not deserve.  Jon was running Defender Capital Management and had taken the management fee off his managed futures program because a change in the markets caused his system to not trade as actively as it should have.   Defender had a 30-year bond futures trading program he launched in 1999 and was one of the most successful CTA trading programs I had tracked for the last three years as of July 2001.  I was a broker at…

Managed Futures Bloomberged, Part 1 Commentary,Managed Futures

John Lothian

Wow!  That was quite the trashing of managed futures in a Bloomberg story by David Evans on Tuesday.  The Gawker website took the story about managed futures to new depths with this headline: “Here Is Perhaps the Single Biggest Ripoff on Wall Street” If I was selling junk bonds, penny stocks, stock loans, reverse mortgages, or synthetic collateralized debt obligations, I would be feeling pretty good right now.  Those managed futures charlatans are the new bad boys of Wall Street.  Yeehaa! Having been a commodity trading advisor for nearly a decade, I found the article appalling on multiple levels.  On…