New’n’Closed Funds January 2021


As part of a regular exercise, we scan the NFA register for new and closed managers. This 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 necessarily indicate that the manager has shut down their trading program.

The number of managers registered with the NFA declined by 28, which is in line with prior months. The number of managers continued to decrease at approximately the average speed since we started to track the business climate for Managed Futures.


The trend is now pretty consistent, in a regular month, some 19 entities withdraw their NFA status. On average, we have 22.8 new entities looking to do business. We also have 42.3 entities that decide to withdraw their registration.


December featured a decrease in the number of managers seeking or doing business under the CTA registration. We observed a decrease in the number of active CTAs, in line with earlier estimates, with a net loss of 28 managers. We observed 20 new managers and 48 managers closed throughout December.

In total, we have 2541 managers either as registered managers or pending registration with the NFA. We have 2057 managers as properly under the NFA’s control. Most of the new managers are “Pending” registration with the NFA. In terms of CTAs, our count is 1384, and for CPOs it is 1256.


One of the key components of our methodology is having a clear view of the industry. We believe this is particularly important in this environment, given the fact that asset raising is more difficult and assets gravitate towards the larger managers.

We observed new managers in the following countries:
Canada [2], Hong Kong [1], Poland [1], United Kingdom [1], United States [15]

The following managers applied for registration in December:
Newell, Donald Alexander, United States, Illinois, NFA ID 303246 [2021-01-13]
Marlier, Alexander, United States, Florida, NFA ID 384655 [2021-01-15]
Gizienski, Andrew Michael, United States, Texas, NFA ID 447195 [2021-01-08]
High Ridge Futures Llc, United States, Illinois, NFA ID 479985 [2021-01-02]
Rusiecki, Artur, Poland, Mazowieckie, NFA ID 534063 [2021-01-06]
Goldenberg & Partner Inc, United States, Wyoming, NFA ID 534258 [2021-01-26]
Net Capital Llc, United States, Florida, NFA ID 535075 [2021-01-13]
Pisano Capital Corporation, Canada, British Columbia, NFA ID 535237 [2021-01-07]
Mango Capital Llc, United States, Florida, NFA ID 535360 [2021-01-09]
Ti Investment Group Llc, United States, Colorado, NFA ID 535485 [2021-01-21]
Macrowaters Asia Fund Management Limited, Hong Kong, , NFA ID 535513 [2021-01-14]
Falcon Cpo Llc, United States, Illinois, NFA ID 535592 [2021-01-14]
St Joseph Investment Management Llc, United States, Illinois, NFA ID 536021 [2021-01-10]
Catt & Associates Llc, United States, Kansas, NFA ID 536029 [2021-01-13]
Js Ferraro Usa Inc, Canada, Ontario, NFA ID 536065 [2021-01-23]
Famdep Capital Management Llc, United States, Illinois, NFA ID 536082 [2021-01-14]
Soda Creek Capital Ltd, United States, Colorado, NFA ID 536166 [2021-01-16]
Bayforest Capital Limited, United Kingdom, , NFA ID 536199 [2021-01-30]
Dtr Capital Management Llc, United States, Florida, NFA ID 536303 [2021-01-23]
Agility Trading Llc, United States, Florida, NFA ID 536497 [2021-01-28]

We observed closed managers in the following countries:
Cayman Islands[1], Channel Islands[2], Germany[1], United Kingdom[2], United States[42]

The following managers withdraw their registration December:
Zabroske, Thomas Herman, United States, Illinois, NFA ID 24606 [2021-01-08]
Franzen, Robert Curtice, United States, Iowa, NFA ID 181448 [2021-01-08]
Shabazz, Muhammad Hamidullah, United States, Arizona, NFA ID 208450 [2021-01-06]
Valletutti, Michael John, United States, Florida, NFA ID 267975 [2021-01-15]
Wexford Capital lp, United States, Connecticut, NFA ID 269745 [2021-01-27]
Alternative Investment Group Llc, United States, Connecticut, NFA ID 274714 [2021-01-09]
Upperman, Floyd Wesley, United States, Ohio, NFA ID 281182 [2021-01-14]
Alternative Investment Group Services lp, United States, Connecticut, NFA ID 290904 [2021-01-09]
Dynamic Capital Management Llc, United States, New York, NFA ID 294263 [2021-01-09]
West Side Advisors Llc, United States, New York, NFA ID 316819 [2021-01-28]
Metis Resources Llc, United States, Texas, NFA ID 337481 [2021-01-15]
Lubben Capital Management Llc, United States, Connecticut, NFA ID 367978 [2021-01-30]
Corvid Peak Capital Management Llc, United States, New York, NFA ID 392426 [2021-01-24]
Angeles Investment Advisors Llc, United States, California, NFA ID 395623 [2021-01-02]
Dynamic Capital Management Limited, Channel Islands, Jersey, NFA ID 397154 [2021-01-08]
Valiant Capital Management lp, United States, California, NFA ID 399319 [2021-01-17]
Deutsche International Corporate Services Limited, Channel Islands, Jersey, NFA ID 403473 [2021-01-24]
Belstar Management Company Llc, United States, New York, NFA ID 409107 [2021-01-13]
Amundi Pioneer Institutional Asset Management Inc, United States, Massachusetts, NFA ID 435718 [2021-01-13]
Blue Diamond Asset Management Cayman Ltd, Cayman Islands, , NFA ID 440149 [2021-01-28]
Coherence Capital Partners Llc, United States, New York, NFA ID 440891 [2021-01-10]
Tig Capital Llc, United States, New York, NFA ID 442562 [2021-01-10]
Valori Solutions Llc, United States, Texas, NFA ID 445971 [2021-01-15]
Good Harbor Financial Llc, United States, Illinois, NFA ID 454605 [2021-01-16]
Mason Dean Capital Llc, United States, California, NFA ID 461520 [2021-01-28]
Alta Fundamental Advisers Llc, United States, New York, NFA ID 465701 [2021-01-21]
Malachite Capital Management Llc, United States, New York, NFA ID 468383 [2021-01-17]
Alexander Capital Group Llc, United States, Texas, NFA ID 468668 [2021-01-23]
Arches Asset Management Llc, United States, Colorado, NFA ID 481468 [2021-01-01]
Van Ahn And Company Wealth Management Llc, United States, Minnesota, NFA ID 485255 [2021-01-06]
Vishni Capital Advisors Llc, United States, Pennsylvania, NFA ID 486333 [2021-01-06]
Straits Financial Managed Futures Llc, United States, Illinois, NFA ID 494612 [2021-01-23]
Highland Quantitative Driven Investments Llc, United States, Colorado, NFA ID 497798 [2021-01-28]
Quantumrock Capital Gmbh, Germany, Hamburg, NFA ID 500658 [2021-01-17]
3i Capital Advisors Llc, United States, California, NFA ID 502379 [2021-01-08]
Chaia, Alex, United Kingdom, England, NFA ID 505391 [2021-01-21]
Ticker Tocker Llc, United States, Connecticut, NFA ID 505776 [2021-01-24]
Torus Capital Management Llc, United States, New York, NFA ID 506619 [2021-01-01]
Blocktower Capital Advisors lp, United States, New York, NFA ID 508555 [2021-01-24]
Compass Creek Capital Llc, United States, Illinois, NFA ID 515885 [2021-01-27]
Avr Capital Advisors Llc, United States, New Jersey, NFA ID 518778 [2021-01-31]
Rtm Alternatives Llc, United States, Connecticut, NFA ID 522668 [2021-01-08]
Accurate Quant Usa Llc, United States, New York, NFA ID 524094 [2021-01-08]
Stopka, David, United States, Illinois, NFA ID 526220 [2021-01-15]
Rhino Investment Advisory Services Ltd, United States, Colorado, NFA ID 533292 [2021-01-16]
Ial Group Limited, United Kingdom, , NFA ID 533834 [2021-01-13]
Deep Grey Markets Llc, United States, Connecticut, NFA ID 534387 [2021-01-13]
Angry Traders lp, United States, Illinois, NFA ID 534450 [2021-01-21]