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This article (the “Article”) is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any investment or any securities. This Article does not constitute investment advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. Readers should make their own investigations and evaluations of the information contained herein. The information contained herein does not take into account the particular investment objectives or financial circumstances of any specific person or entity who may receive it. Each reader should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein.  Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation. Certain information contained in this Article constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,”  “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Readers should not rely on these forward-looking statements.  Certain information reflects subjective determinations which may prove to be incorrect. There can be no assurance that the estimates or projections will be accurate or that historical trends will continue. In considering the prior performance information contained herein, readers should bear in mind past performance is not necessarily indicative of future results. All rights reserved. The material may not be reproduced or distributed, in whole or in part, without the prior written permission of PrimeAlpha LLC.

Every Well Diversified Portfolio Should Have Managed Futures with Ernest Jaffarian at Efficient

Ernest Jaffarian is the CEO and co-CIO of Efficient Capital Management. In 1991, Ernest Jaffarian became convinced that every well-diversified portfolio should have exposure to managed futures. This conviction eventually led to his founding of Efficient Capital Management. Known as an innovator in the space, managed futures remains Ernest’s focus and passion.

“People are inappropriately short-term return driven and the mantra ‘buy low and sell high’, actually from an investor world works backward when there are big returns, people buy and when it goes through a difficult period people sell, but the reality is in the managed futures space, it's not a short-term asset, even though it's completely liquid and all our products have daily liquidity. But even though that's true, it's really a portfolio holding; a long-term asset. And in my view, a person should have exposure no matter when they get started.

But the absolute best time to get started is when the industry has been struggling.”

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Mike Marcey, Managing Director, Strategic Development

630 - 657 - 6868

Efficient Capital was founded over 20 years ago for the express purpose of maximizing the unique benefits of managed futures for institutional investors. We are - and have always been - solely dedicated to managed futures.

Through a commitment to excellence, innovation, teamwork and rigorous research for two decades, Efficient has become a leading CTA multi-manager firm. In a world of generalists, Efficient continues to be a CTA specialist, focusing its people and skills on offering institutional investors access to CTA strategies that best fit their specific needs and mandate requirements.

Welcome to PrimeAlpha's interview series where we will share insights from industry practitioners discussing their journey and their discoveries.

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