I'm not sure about the securities world, but in commodities (I'm a CTA) I was told by the NFA this is how you have to do it.
Not exactly either. Here is a spreadsheet with a sample of how this is calculated. It's not just the sum of the drawdown months.
archilles28 - I considered doing a high-water mark but found few funds/CTAs advertising that. If your stats are that good I would suggest holding...
Not to beat a dead horse, but if you are referring to my post...Based on my conversations with the NFA and my compliance firm (who have 10+ years...
If a friend with connections markets a CTA's services, do they have to be registered as an AP with the NFA? Anyone run into issues with this?
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