New’n’Closed – 2020 April

As part of a regular exercise, we scan the NFA register for new and closed managers. The below report will be developed over time and will be a recurring feature. We would like to highlight that some of the closures and registrations are due to corporate (re)structuring and does not indicate that the manager has shut down their trading program. April, featured a resumption of the prior trends, and we observed a decline of the number of active CTAs, in line with earlier estimates, with a net loss of 26 managers. We saw 21 new managers and 47 managers close throughout April. This was despite a relatively friendly market environment for CTAs in general.

Atlantic Cobalt shows up both on the opened and closed manager list, a manager that was in the NFA register for a few days before disappearing.

Our optimistic take on the status of the CTA community was too early (and being early is the same as being wrong), as the net decline in NFA registered managers continued to decline to 2675. This is a loss of 104 entities since the beginning of the year.

In April, 21 managers applied for a new registrations with the NFA. As usual, most of them are located in the USA. Singapore and Switzerland each had one new manager. This largely follows the distribution of managers.

NameStateCountryDate
Column E Management LlcMassachusettsUnited States4/2/2020
Engnsol LlcNew YorkUnited States4/3/2020
Gold Standard Capital LlcVirginiaUnited States4/7/2020
Sutro Capital Management LlcCaliforniaUnited States4/8/2020
Highcrest Capital Management LlcTexasUnited States4/8/2020
Wilshire Phoenix Funds LlcNew YorkUnited States4/10/2020
Hirn Capital LlcPennsylvaniaUnited States4/11/2020
Deepmacro Advisors LlcNew YorkUnited States4/11/2020
Bressert Capital Management LlcVirginiaUnited States4/11/2020
Well Point Trading LlcIllinoisUnited States4/14/2020
Deep Basin Capital lpConnecticutUnited States4/16/2020
Ag Capital Management Partners lpMassachusettsUnited States4/18/2020
Atlantic Cobalt agSchwyzSwitzerland4/22/2020
Hustal Global Pte LtdColoradoUnited States4/22/2020
Stoneview Technologies LlcConnecticutUnited States4/22/2020
Esrv Mm LlcConnecticutUnited States4/23/2020
Vantage Point Alternatives LlcUtahUnited States4/23/2020
Measure 8 Ventures Management LlcNew YorkUnited States4/24/2020
Kosack Capital LlcMarylandUnited States4/28/2020
Cambridge Machines Asset Management Pte LtdNULLSingapore4/29/2020
Rok Gp LlcNew YorkUnited States4/30/2020

Funds withdrawing registrations was again back to normal levels in April, with a total of 47 managers withdrawing from the NFA register. The same applies for closed managers, a particular manager may have elected to close a specific local entity and may still be actively trading. 38 of the 47 managers were located in the US.

NameStateCountryDate
Cipher Technologies Management lpConnecticutUnited States4/1/2020
Private Advisors LlcVirginiaUnited States4/3/2020
Rctc LlcTexasUnited States4/4/2020
Cayley Investment Management LlcNew YorkUnited States4/4/2020
Sealark Llp United Kingdom4/5/2020
Cauldron Investments LlcCaliforniaUnited States4/5/2020
Asia Lion Capital CaymanHong KongHong Kong4/5/2020
Opc LlcTexasUnited States4/5/2020
Garvey, Francis TIllinoisUnited States4/8/2020
Harrington, Robert AMassachusettsUnited States4/8/2020
Conley, WallaceColoradoUnited States4/8/2020
Vedra Capital Management LlcNew YorkUnited States4/8/2020
Kaizen Advisory LlcIllinoisUnited States4/8/2020
Fjord Financial LlcFloridaUnited States4/8/2020
Gold Standard Advisors LlcCaliforniaUnited States4/8/2020
Longheart Management LlcArizonaUnited States4/8/2020
Banyan Capital Management LlcNorth CarolinaUnited States4/9/2020
Princeton Alternative Capital Strategies lpNew JerseyUnited States4/10/2020
Dj Wealth Systems LlcNew YorkUnited States4/11/2020
Seer Capital Management lpNew YorkUnited States4/15/2020
Aiap Investment Management LlcIllinoisUnited States4/15/2020
Salona Capital LlcVirginiaUnited States4/15/2020
Sw7 Asset Management Singapore Pte Ltd Singapore4/15/2020
Dormouse Nest lpFloridaUnited States4/15/2020
Dormouse Cayman Cayman Islands4/15/2020
Okulus Capital LlcIllinoisUnited States4/15/2020
Vetterkind Cattle Brokerage LlcWisconsinUnited States4/17/2020
Alton Road Capital LlcFloridaUnited States4/17/2020
Mahopac Capital Management LlcNew YorkUnited States4/18/2020
Peconic Partners LlcNew YorkUnited States4/19/2020
Peconic Asset Managers LlcNew YorkUnited States4/19/2020
Lumx Asset Management Uk Limited United Kingdom4/19/2020
Gold Creek Asset Management Company Hong Kong4/19/2020
Doshi Capital Management LlcNew JerseyUnited States4/19/2020
Capital Integration Systems LlcNew YorkUnited States4/22/2020
Shuttle Fund Advisor LlcNew YorkUnited States4/22/2020
Deltaone Trading LlcNew YorkUnited States4/22/2020
Angle, ChristopherConnecticutUnited States4/24/2020
Synergistic Group LlcIllinoisUnited States4/25/2020
Academy Investment Management LlcNew YorkUnited States4/25/2020
Rosen Capital Advisors LlcCaliforniaUnited States4/25/2020
Invealth Capital Management Hong Kong4/25/2020
Hehmeyer Capital Management LlcIllinoisUnited States4/26/2020
Atlantic Cobalt agSchwyzSwitzerland4/26/2020
Fuller & Thaler Asset Management IncCaliforniaUnited States4/29/2020
6716571 Canada IncOntarioCanada4/29/2020
Rdc Capital Partners lpMassachusettsUnited States4/29/2020