New’n’Closed – 2020 June

As part of a regular exercise, we scan the NFA register for new and closed managers. This report will 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.

For the first time since we started to monitor the pace of openings and closings amongst CTAs, we observed a net increase in the number of managers.

June, featured a a small increase in the number of managers seeking or doing business under the CTA registration. We observed an increase of the number of active CTAs, in line with earlier estimates, with a net gain of 3 managers. We observed 26 new managers and 29 managers closed throughout June.

In total, we have 2670 managers either as registered managers or pending registration with the NFA. We have 2122 managers as properly under the NFA’s control which is a small decline as most of the new managers are “Pending” registration with the NFA.

In June, 29 managers applied for a new registrations with the NFA. As usual, most of them are located in the USA. Columbia saw a rare new registration, as Clockwork filed for registration.

NameStateCountryfirstObs
Whaley Capital Group LlcVirginiaUnited States6/3/2020
Mlt Harrison LlcNew JerseyUnited States6/4/2020
Eastborough Capital LlcConnecticutUnited States6/5/2020
Ooda Commodities LlcMassachusettsUnited States6/6/2020
Amfa LlcConnecticutUnited States6/7/2020
Clockwork Group Sas TheBolivarColombia6/15/2020
Castle Analytics LlcCaliforniaUnited States6/15/2020
Olden Lane Advisors LlcNew JerseyUnited States6/15/2020
Black Diamond Commodities LlcTexasUnited States6/15/2020
Warren, Gary WayneTexasUnited States6/15/2020
Moore, Christopher ThomasFloridaUnited States6/15/2020
Barker, Mercedes GabrielleTexasUnited States6/15/2020
Glass Value Investment Limited United Kingdom6/15/2020
Aje Quantitative Capital LlcDistrict Of ColumbiaUnited States6/17/2020
Heirloom Investment Management LlcDelawareUnited States6/17/2020
Bennson Investments LlcGeorgiaUnited States6/18/2020
Alta Fundamental Advisers LlcNew YorkUnited States6/18/2020
Belstar Management Company LlcNew YorkUnited States6/18/2020
Eigen International Limited China6/19/2020
Singleprofit Capital LlcDelawareUnited States6/21/2020
Minor To Major Capital IncCaliforniaUnited States6/24/2020
Nefertiti Asset Management LlcNew YorkUnited States6/24/2020
Cp Capital LlcConnecticutUnited States6/24/2020
Sema4 Group Llc ThePennsylvaniaUnited States6/26/2020
Second Creek Ventures LlcMissouriUnited States6/26/2020
Le Mans Trading LlcIllinoisUnited States6/27/2020
Magid, NachumNew JerseyUnited States6/27/2020
1859 Capital Llp United Kingdom6/27/2020
Wagner, Jeffrey BeauArizonaUnited States6/28/2020

Funds withdrawing registrations was again back to normal levels with a total of 26 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. 21 of the 26 managers were located in the US.

NameStateCountrylastObs
Rko2 Capital Management LlcFloridaUnited States6/6/2020
Jcra Financial LlcNew JerseyUnited States6/6/2020
Swiss Capital Invest Holding Dublin Limited Ireland6/6/2020
Numeri Capital Management IncNorth CarolinaUnited States6/6/2020
Bainbridge Asia Limited Hong Kong6/6/2020
Hanweck Capital Gp LlcNew YorkUnited States6/7/2020
Plutus Capital Management LlcKansasUnited States6/7/2020
Nanhua Buckingham LlcIllinoisUnited States6/7/2020
Ets Capital LlcGeorgiaUnited States6/15/2020
James H Jones Capital Management LlcTexasUnited States6/15/2020
Reservoir Operations lpNew YorkUnited States6/15/2020
Bhc Macro Investment Management LlcMassachusettsUnited States6/15/2020
Buckingham Global Capital LlcCaliforniaUnited States6/15/2020
Trailhead Commodity Management LlcColoradoUnited States6/15/2020
Yungasi IncNew YorkUnited States6/17/2020
Pinner, Curtis GIndianaUnited States6/18/2020
Bullet Hill Capital LlcConnecticutUnited States6/19/2020
Best Trader Technology Limited Canada6/19/2020
Lee, BongCaliforniaUnited States6/21/2020
Jabre Capital Partners lp Cayman Islands6/21/2020
Ryan Labs Asset Management IncNew YorkUnited States6/21/2020
Benefit Street Partners LlcNew YorkUnited States6/24/2020
Three Zero Three Capital Partners LlcIllinoisUnited States6/25/2020
E4evolve Ltd United Kingdom6/26/2020
Csat Investment Advisory lpMichiganUnited States6/27/2020
Zinica Digital Assets Fund 1 Gp LlcCaliforniaUnited States6/27/2020

Additional, continuously updated data can be found here: https://nilssonhedge.com/reports/tracking-the-cta-industry/