UPPER SUGAR
The performance of CTAs (Commodity Trading Advisors) was one of the few highlights of 2008. In a year notorious for the failure of the majority of alternative investment managers to get into the black, returns of +20% through +50% characterized managed futures funds and prompted a wave of new launches of a scale not seen since the 1987 crash (where again, many CTAs performed strongly). This panel extends from two of the leading global managers in the CTA space each with assets under management of around $15bn, through one of the most successful and flexible middle-sized groups to one of the smallest new entrants investing a bare $1m. Among other topics, the four panelists will discuss how durable they anticipate their strong performance to be as markets, currency rates and, perhaps, commodity prices move from clearly defined trends to relatively directionless choppy trading; whether new entrants into the space can prosper and survive; how the frequently aired prejudice against so-called ‘black box’ investment solutions can be addressed and perhaps reversed; and, if any of the raft of new regulations will have a deleterious impact on an already highly-regulated section of the investment panorama.
Chair:
Simon Rostron, Director, Rostron Parry
Speakers:
Zbigniew Hermaszewski, Principal, Altis Partners (Jersey) Limited
Andrew Moss, Head of Trading, Winton
Edward Vickery, Investor Relations, Monterosso Investments
Kenneth Webster, President & Chief Operating Officer, John W. Henry & Company
Tim Wong, Chief Executive Officer of AHL, Man Investments
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