Southwest Managed Investments, LLC (“SWMI”), a Texas Limited Liability Company organized in January 2009, has been registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor (“CTA”) since July 28, 2009, and has been a member to the National Futures Association (“NFA”) since that date
are Jonathan Teer and Gustavo Azurdia. Mr. Azurdia is SWMI’s trading principal while Mr. Teer concentrates on model development, system testing, program integration, industry trends, client development and relations, compliance and administrative back office operations.
SWMI was formed for the purpose of providing commodity trading advisory services. SWMI’s principals
Contact: gustavo@swmivestments.com
Principals
PRINCIPAL’S THOUGHTS
JON TEER
Jon Teer received a Bachelors of Business Administration from The University of Texas at Austin in 1982. Since 1988, Mr. Teer has been involved in the futures industry and with futures trading on a full time basis. After 4 years of experience within the industry, Mr. Teer devoted his time and energies principally to developing, analyzing, testing, and refining trading strategies and methodologies. In November, 1992, Mr. Teer became registered as a CTA for the purpose of offering his trading services to the public and began operating as a sole proprietor under the name FF&CG Capital Management, trading his own and clients’ accounts. In May, 1996, Mr. Teer also registered FF&CG Capital Management as an IB for the purpose of placing client funds with third party CTAs. Systematic trend following remains the only approach utilized by Mr. Teer to trade his own or clients’ funds. Mr. Teer’s model development, research, analysis, and testing are continuously refined.
GUSTAVO AZURDIA
Mr. Azurdia is currently Director of Trading Operations and serves as Chief Compliance Officer for Southwest Managed Investments. He graduated from the University of New Mexico in December 2003 with a Bachelor of Science Degree in Biology. From May 2010 to July 2015, Mr. Azurdia was employed by Santa Fe Dining, a division of a New Mexico investment conglomerate that specializes in the development and operation of diverse dining concepts. Mr. Azurdia worked in the upper management division. He was responsible for business development, client relations, management, operations, and compliance. He has been employed at FF&CG Capital Management since July 2015 and was registered as an Associated Person on January 6, 2017. Mr. Azurdia was listed as a principal of FF&CG Capital Management on August 29, 2017. He has been employed at Southwest Managed Investments, LLC since July 2015. Mr. Azurdia was approved as an Associated Person and principal of Southwest Managed Investments on October 6, 2017.
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Performance
Global Diversified Program
INSTRUCTIONS
To see performance within a date range, click on the start and end dates to select the range.
ALL RETURNS BASED ON 200K NOMINAL VALUE. NOTIONAL FUNDING ACCEPTED. ROR IS IN THE AGGREGATE. ACTUAL RETURNS FOR THE TIME PERIOD WILL VARY SLIGHTLY WITH THE START DATE.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
We attempt to keep an eye on the big picture. We feel it is important to be knowledgeable of the performance of not only other trend followers, but also CTAs with differing methodologies. In short, these are the CTAs on our radar and the ones which we watch, monitor, and track for various reasons.
Of course Southwest Managed Investment’s Global Diversified Program is included on this list. This helps us to understand how we are doing and “measuring up” versus others in our industry. A handful of programs on this list are programs recommended by Jon Teer’s IB, FF&CG Capital Management. Certainly we have an interest in tracking these programs.
The remaining CTAs on our list are tracked and monitored by us for various reasons. In some instances, we may discover a CTA whose performance merits inclusion in our tracking. A few of the CTAs on our board are CTAs that are being highly recommended by the IB community. Often times there is no clear reason in our mind as to why the IB community is universally recommending certain CTAs, nor does Mr. Teer’s IB recommend these CTAs. *
Global Diversified’s
Daily Realtime Rate of Return Change
1.01%
Current Margin to Equity Ratio
5.58%
Current Open Profit Risk
2.47%
Awards
- Barclay Hedge
- |
- IASG
Resources
DISCLAIMER
Please read the following statement:
Risk Disclosure Statement
THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:
IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.
IF YOU PURCHASE OR SELL A COMMODITY FUTURES CONTRACT YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS OR SECURITY DEPOSIT AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.
UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A “LIMIT MOVE.”
THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A “STOP-LOSS” OR “STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.
A “SPREAD” POSITION MAY NOT BE LESS RISKY THAN A SIMPLE “LONG” OR “SHORT” POSITION.
THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY INTEREST TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.
IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THIS DISCLOSURE DOCUMENT CONTAINS, AT PAGE 10 (OF THE DOWNLOADABLE DISCLOSURE), A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY INTEREST MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT AND COMMODITY INTEREST TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT, AT PAGE 8 (OF THE DOWNLOADABLE DISCLOSURE).
YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES. TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.
THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR’S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT OR RETAIL FOREIGN EXCHANGE DEALER, AS APPLICABLE.
Articles
From “Forbes”, September 14, 2016, by Daniel Fisher
From “Alpha Architect,” August 24, 2016 by Andrew Miller CFA, CFP
Top Ten Reasons to Consider Managed Futures
From “Futures,”March 2015, Daniel P. Collins
From “The Fiscal Times” by Anthony Mirhaydari
From “Futures,” October 2014, interviewed by Daniel P. Collins
From “Futures,” March 2014, by Matthew Bradbard
From “Futures,” June 2013, by Keith H. Black