October Quote

“The market action made October a wild ride. Although most of the volatility was downside, we traded heavily, exploiting discrepancies in each big up-move. Unfortunate for October, our pre-trade alpha was wiped out because trades were followed by large down-days. Forcing us to exit positions without profits and wait for the next discrepancy to set up. The month did give us a good opportunity to see our risk management approach in action. Heads we win, tails we break-even (or lose a little). Which is key to ensuring we have the same, if not more, capital at play when the next pitch is thrown. Although October was a disappointment in terms of returns, we’re pleased with higher volatility. More volatility means higher average per-trade profits, and trades with higher average profits means higher average returns going forward.”

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Actuarial® is a marketing name for subsidiaries of Actuarial Management Corporation ("AMC"), including, but not limited to,Actuarial Institutional, Banbury Group, Dant, and 1791 Management. Each company is solely responsible for its own financial conditions and contractual obligations. 

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