The above presentation is for informational and comparative purposes only. It is intended only for use by those who are knowledgeable about such comparisons. The index or indices selected to generate the above comparison is/are not available as directly investible product(s). Generally, no individual can purchase an actual index as an investment holding for his or her portfolio. All index comparisons should be considered with the intent to evaluate differences between a singular trading strategy against a designated benchmark.
We started the year with a positive tone as January 2017 was up +1.98%. We were able to close our deviated cattle spread in the front month and we have since started a new spread using the back months.
While many investors and money managers were at the annual hedge fund and CTA conferences in Florida in January, the GE (Eurodollar) spread moved in our favour at the same time as our grain strategies were giving us our first profits.
Now we are looking at the energy markets closely, the forward curve is narrowing a bit, and in a few weeks we would like to add to our current positions.
In general market conditions are favorable for our spread trading, but we are keeping our eyes open to see if these conditions change and of course we are always on the outlook for new opportunities.
Thank you for your continued trust in our work and team.
— Gregory Placsintar
— Miguel Sanz Castello
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. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS