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JLN Managed Futures: AlphaMetrix settles with Commodities Futures Trading Commission; CTAs exit drawdown, setting new high watermarks in November 2014; Man Group Buys Merrill Lynch’s $1.2 Billion Fund of Hedge Funds Managed Futures,Newsletter

Observations/Commentary AlphaMetrix settles with Commodities Futures Trading Commission By Lynne Marek, Crain’s Chicago Business The Commodity Futures Trading Commission has reached a settlement with former futures fund manager AlphaMetrix that requires the defunct company to pay $5.6 million, though it’s unlikely that payment will ever be made in full. The agreement was filed yesterday in the U.S. District Court for the Northern District of Illinois in Chicago and a hearing on it is scheduled for Dec. 16. It calls for AlphaMetrix to pay restitution of $2.8 million, plus interest, and a civil monetary penalty of $2.8 million. While there would…