Managed Accounts

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wavetrader

Anybody here have a managed trading account (managed and traded for you by a CTA)?

I have been talking to a firm called Vision Trading LP and they have a managed account division. I'm thinking of opening up an account with them to diversify.

Any opinions are appreciated - pros and cons.
 
What kind of homework?

I plan to interview the CTA who will be trading my account, and get names and contact numbers of clients so I can talk to the clients personally to give me an idea of how good they are.

What kind of questions should I be asking? (I'm pretty uncomfortable with just giving my money over to anybody. Especially since I trade myself.)

Any help will be appreciated.

Thanks.
 
Before you start paying somebody else, ask yourslef if a) you have the knowledge and expertise to do it yourself and b) do you have the time

if you are in the business you probably have as much access to info, tools and knowledge...don't sell your self short...why pay a fee to somebody else if you don't have to?
 
Anybody here have a managed trading account (managed and traded for you by a CTA)?

I have been talking to a firm called Vision Trading LP and they have a managed account division. I'm thinking of opening up an account with them to diversify.

Any opinions are appreciated - pros and cons.
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I know Vision and Superfund I have worked there. Are you talking about Ansbacher Investment Managment. If you are he is a great money manager who has been around for a long time he wrote the first book on index options and has a good track record trading other peoples money and his own. I have met Max and all I could say is I don't know of anyone better out there right now. So if you are going to trade on your own do your self a favor and put your money with him.
 
For starters, what is the fee structure? 2/20, 1/25...? Are there other cta's available for diversification? What is the track record, how long is it, what is the strategy, do you agree with the strategy, how much under managment, maxdd, why do you trust the firm?

There are many, hope it helps.
 
The fee structure is something like 20% after all fees. I am not up to date when I was there he was compounding at 30% net. I know he has been trading for over 20 years and the owner of vision has at least a million of his own money in the fund. I think the minimum is 50K and he interviews you to see if you are the type of investor he is looking for. I don't rember exactly but I think it's been 20 years since his last losing year. When you give him 50K he only trades 10k of it the rest is for a draw down. He also is really big on limiting losses. Most CTA submit there performance to some rating agency I forgot what it was but just ask a commodity broker and they will tell you.
 
Quote from trade555:

I know Vision and Superfund I have worked there. Are you talking about Ansbacher Investment Managment. If you are he is a great money manager who has been around for a long time he wrote the first book on index options and has a good track record trading other peoples money and his own. I have met Max and all I could say is I don't know of anyone better out there right now. So if you are going to trade on your own do your self a favor and put your money with him.
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I would agree. I know Max as well and he is an outstanding individual with a great record. I think he wants 250k up front, which can be a bit steep. I like his methods.
 
I would agree. I know Max as well and he is an outstanding individual with a great record. I think he wants 250k up front, which can be a bit steep. I like his methods.
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I thought that he might raise the minimum. When I was there in 98 I think they were raising a mil a month with three people cold calling.
 
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