Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

Contact Details

If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Risk Warning

Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

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CTAs On The Front Lines Of The MF Global Battle Futures Magazine

Futures Magazine ran an article on how CTAs like myself took up the battle against MF Global and now JP Morgan.

Here is a short excerpt click here for the entire article.
And it is a process because CTAs are dealing with new brokers and how they should treat positions and performance. Like the initial reaction to the bankruptcy, they have not been given much help.

“The (National Futures Association) has said nothing. They [advised commodity pools] on what to tell clients but not in terms of performance,” Levitt says. “I am treating November as if all accounts were traded, though for three weeks there was no activity. My performance was up just short of 1% calculating my NAV that way. If you actually took out the accounts that were frozen, I was actually up 2.5% for the month on an unencumbered account.”

Others are reporting the same and it is easy to see an accounting nightmare when things get back to normal. But the first problem will be holding onto customers. In the early days following the filing many CTAs reported that customers exclaimed they were leaving.

“It screwed me up,” says Abraham. “People who were going to give me an allocation backed off because they lost confidence in the market.”

Abraham’s CTA became registered this summer. Courting high-net-worth customers is often a several month process and his work was destroyed in a matter of days.

Jason Skole was particularly upset because he has nearly $200,000 frozen and has only received about 4%. With such a large amount frozen, he did not remargin his account once it was transferred. “I didn’t put any more money in, which is a pity because [my CTA] is up 15% since then. I really didn’t want to commit anything else.”

Skole is unsure whether or not he will continue with his managed futures investment after this is all over. “When this occurred I said I would pull everything out once it all gets settled, but I am not sure.”

While there is still hope people will be made whole, Skole certainly won’t get those returns he should have earned, his broker won’t get the commissions on those trades his CTA would have made and the CTA will not get the incentive on those profits he would have earned.


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