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Performance and Risk

Qualified and professional investors may apply for membership in order to view individual CTA performance, rankings and strategy analysis.

Risk Disclosure Note: You must register and accept all risk disclosures and terms to view actual performance.  Past performance is not indicative of future results.  There is risk of loss when investing in managed futures.  This investment is not right for everyone, only risk capital should be utilized.  Recommendations are the sole subjective opinion of the author and should not be viewed as individual recommendations.  Individual recommendations should be made in light of individual circumstances.  This investment is best suited for qualified investors using only risk capital.  Portfolios are hypothetical due to the fact that the managers have not traded together in a audited environment, the portfolio was built with the benefit of hindsight. See full risk disclosures for details.




CONTENT DISCLOSURE

This web site and related communication substantially represent the opinions of the author and are not reflective of the opinions of any exchange, regulatory body, trading firm or brokerage firm. The opinions of the author may not be appropriate for all investors and there is no warrantee relative to the accuracy or completeness of same.

RISK DISCLOSURE

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. YOU COULD LOOSE ALL OF YOUR INVESTMENT OR MORE THAN YOU INITIALLY INVEST. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS.

THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR (“CTA”). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) REQUIRE THAT PROSPECTIVE CUSTOMERS OF A CTA RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

YOU ARE ENCOURAGED TO ACCESS THE DISCLOSURE DOCUMENT. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT, WHICH WILL ALSO BE PROVIDED TO YOU AT NO ADDITIONAL COST.

PFG BEST DOES NOT HAVE AN OWNERSHIP STAKE IN ANY OF THE CTAS WE RECOMMEND OR UPON WHICH WE PROVIDE RESEARCH. MUCH OF THE DATA CONTAINED IN THIS REPORT IS TAKEN FROM SOURCES WHICH COULD DEPEND ON THE CTA TO SELF REPORT THEIR INFORMATION AND OR PERFORMANCE. AS SUCH, WHILE THE INFORMATION IN THIS REPORT AND REGARDING ALL CTA COMMUNICATION IS BELIEVED TO BE RELIABLE AND ACCURATE, PFG BEST CAN MAKE NO GUARANTEE RELATIVE TO SAME. THE AUTHOR IS A REGISTERED ASSOCIATED PERSON WITH THE NFA.

Entire website Copyright © 2010 by Mark H. Melin. All rights reserved. Book published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication or website may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher.

What They Are Saying About the Book:

“Managed futures is one of the world’s non-correlated asset classes and should be considered in any modern portfolio. High-Performance Managed Futures shows investors how to succeed in this arena and does so in a logical and interesting format.”

— Scott Slutsky, author, Master of the Futures and The Complete Guide to Electronic Trading Futures; Managing Director, PFGBEST Global Service Division; Board of Directors, CME Group, Inc. PAC

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PURCHASE THE BOOK

Click here to purchase the book High Performance Managed Futures on Amazon.com.

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Key Book Excerpts

-From Chapter 11:

"What complicates risk management further is the relatively short track records of some CTAs. For instance, that S&P option strategy can look amazing -- but if it has not been tested during rare moments of significant stock market dislocation the performance measures can be misleading. Understanding risk management requires an understanding of the CTA’s strategy, the markets they trade and their related margin to equity usage (item's not always evident by considering only headline performance)."

To read additional excerpts, click here.

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High Performance Managed Futures is the book for the managed futures industry, including commodity trading advisors (CTA), commodity pool operators (CPO) and other managed futures hedge funds, ETFs and managed futures mutual funds, authored by Mark H. Melin