Once again managed futures found itself in a difficult environment and, although the Barclay CTA Index was negative for a record third consecutive year, there were many traders able to navigate the rough waters to find profitable trading opportunities.
Pete Nessler, CEO of FCStone Group, was raised in Chicago but earned his stripes in the grain fields of Iowa. Working with elevators and farmers, he helped turn Farmers Commodities Corp. from a group of co-ops into the international brokerage firm INTLFCStone that it is today.
Protec Energy Partners has produced solid risk-adjusted returns over its three-year track record, probably because principals Todd Garner and Andrew Greenberg have been working together for 14 years and both have worked in the energy field for more than 30.
Our continued belief is that the U.S. economic recovery is being view through "rose colored glasses," and interest rates remain the concern for investors trying to assess their positions in bonds and equities.