It’s that time of year again for our Semi-Annual CTA Rankings. We have the data for all of the CTAs we track through the first half of 2013, allowing us to try and answer the question we get on a daily basis: What’s your BEST managed futures program? That question is always a tricky one, as depending on who is asking it, they may want to know any one of several variations on who is best. Best last year? Best for all time? Best risk adjusted return? Best in terms of lowest drawdowns?
That’s where our rankings come in. Our ranking formula is designed to identify those programs we have identified as being the best in class across different metrics related to return, risk, correlation levels, ease of access (minimum account size) and length of track record.
To even be considered, the program had to have a track record of at least 36 months, be a registered CTA with the NFA, offer managed accounts, and be a viable business concern. We also time-weight the statistics, evaluating each metric across 1, 3, 5, and 10 year time periods in addition to the full length of the program’s performance.
Without further ado, here’s our updated rankings through the first half of 2013.