CAIA Association Chicago Presents:

The History of Financial Derivatives

In this lunch-time meeting, Ms. Hilary Till will discuss the emergence of financial derivatives post-Bretton Woods and the essential concepts that enabled financial derivatives markets to flourish. She will include both the development of exchange-traded and over-the-counter financial derivatives and will conclude with the possibility that we are coming full circle in derivatives development.

Debate will be welcome at this event.

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Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com

Articles Receiving the Most Eyeballs on the Shore Capital Management LLC Website December 2013







December 2013
1) VSTOXX Futures: Opportunity for volatility traders with European volatility futures

2) Skewing Your Diversification Ep. 2 with Guest David Stendahl

3) Skewing Your Diversification Ep.1 The Introduction

4) Most read articles of November 2013

5) Five Components of Hedge Due Diligence

6) Skewing Your Diversification Ep. 3 with Guest Leigh Faber

7) Five Components of Hedge Fund Due Diligence Part 2

8) Trading VIX Futures with the Aroon Oscillator

9) Overlaying strategies in managed futures

10) Emerging Manager Forum Miami 2013

Since the year has ended we added a few extra bonus popular views in Dec 2013

11) DePaul University offers managed futures course

12) Michael Covel interviews Mark Shore on Trend Following Podcast About Managed Futures Education

13) Decoding the Myths of Managed Futures

14) Do You Know Beans about (Soy) Beans?

For more information email info@shorecapmgmt.com

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results.  There is risk of loss when investing in futures and options.  Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

By Mark Shore

In this article we speak with Gabriel Manceau, an equity derivatives trader for Barclays Capital and market maker in VSTOXX® Futures. We asked him why European focused volatility products are a logical choice both for those looking to hedge European volatility and to trade the product. An active trader of VSTOXX® Futures, he provides the perspective of someone who sees the flow first hand, and hears the conversation about volatility futures on a daily basis.

Mark Shore: How important are European volatility products for investors and why?

Gabriel Manceau: Europe is one of the most actively traded markets. If investors have European exposure they should definitely be looking at European volatility products such as VSTOXX® Futures. The most precise and relative way to hedge European exposure to volatility is by trading European volatility products.

Mark Shore: Is the market ripe for European volatility products?

Gabriel Manceau: There has been and continues to be an increase of investment capital into Europe. Thus the need for European related volatility products increases alongside this greater exposure for European investments. Since the financial crisis, hedging volatility has become a major theme of risk management for many investors. Therefore the increased demand for European volatility hedging coupled with easy to access volatility products makes the timing “ripe”.

Mark Shore: Can VSTOXX® Futures compliment other financial products? If so, what are a few examples?

Gabriel Manceau: VSTOXX® Futures are the cleanest way to play European volatility, in the sense that READ MORE

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results.  There is risk of loss when investing in futures and options.  Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

January 12, 2014 episode with the special guest Don Steinbrugge of Agecroft Partners Topics include: Allocation of pension funds to hedge funds, how to approach pension funds, due diligence, building relationships between the investor and the manager and much, much more

Skewing Your Diversification is a weekly internet show hosted by Mark Shore on www.btfd.tv

The show covers many topics of alternatives with a special focus on managed futures, hedge funds, commodities, currencies and futures. Stay tuned for more episodes and lots of great guests!

For a full list of episodes click here

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results.  There is risk of loss when investing in futures and options.  Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

By Mark Shore

As commodities are growing in popularity for investment allocation, I found this to be a good opportunity to introduce commodities and futures.

One could argue commodities have been around since the beginning of civilization. People have produced, paid or bartered for commodities to use for either production or to consume. Some of the uses of commodities include food, energy, construction, manufacturing, and clothing.

According to the Merriam-Webster dictionary, commodities are defined as: 1) an economic good. 2) A product of mining or agriculture. 3) An article of commerce especially when delivered for shipment. 4) A mass produced un-specialized product. [i]

In today's global markets both large and small firms will trade and hedge commodities as part of their daily business as either a producer or end-user of the commodity. For example a chocolate candy producing firm will need to purchase cocoa, sugar and of course energy to fuel their factories. If they do business in foreign countries they may need to buy and sell foreign currencies for hedging or delivery purposes.

In today's global markets both large and small firms will trade and hedge commodities as part of their daily business as either a producer or end-user of the commodity. For example a READ MORE

[i] Shore, M. (2011) DePaul University 798 Managed Futures Lecture notes

Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results.  There is risk of loss when investing in futures and options.  Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

By Mark Shore

I recently participated in a panel discussion on managed futures at an investment forum for institutional investors. I found many misconceptions and myths regarding managed futures still exist. I thought this would be a good opportunity to examine some of those myths.

Managed futures as a sector of hedge funds is the fastest growing sector based on assets under management as reported by BarclayHedge. The sector has grown by over 600% since 2000. A fair amount of the recent growth in managed futures has been driven by the increasing interest for commodity related investments. Since 2008 many investors are realizing increased portfolio diversification and a decrease of correlation risk are needed components for their portfolios to reduce negative tail risk.

Below are common myths and misconceptions of the managed futures industry. Results may vary with individual managers.

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Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2014 Mark Shore. Contact Mark Shore for permission for republication at info@shorecapmgmt.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results.  There is risk of loss when investing in futures and options.  Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.