Systematic Trader Index For August 2015 Need help with terms? Monthly Rankings Show ranking for: January February March April May June July August September October November December 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 Rank CTA/Program Aug 2015 Min Inv Inception 252 QQFund.com QQFund.com Alpha Beta Program -15.11 100k 9/1/2008 251 JKI-Futures, LLC ETIRON Large 2x (Client) -13.73 1,000k 8/1/2012 250 Superfund Group Superfund Green Master -13.49 2,000k 5/1/2001 249 Pacific Capital Advisors Vanguard Program -12.09 100k 4/1/2007 248 Clarke Capital Management Jupiter -10.71 3,000k 5/1/2005 247 Superfund Group Superfund Green Gold C (SPC) -10.12 100k 10/1/2005 246 Dendrich Ltd QEP -9.88 50k 12/1/2005 245 Non Correlated Capital Positive Theta Fund -9.58 50k 10/1/2007 244 Cauldron Investments, LLC Stock Index Plus -9.55 1,000k 10/1/2009 243 Double Helix Capital Management Double Helix -9.33 50k 1/1/2012 242 QCM Global Diversified Programme -9.30 500k 12/1/1995 241 Superfund Group Superfund Green L.P. Series B -9.25 5k 10/1/2002 240 Mulvaney Capital Management The Mulvaney Global Markets Fund -9.23 100k 5/1/1999 239 QCM Alpha Financials Program -9.09 10,000k 6/1/2012 238 Non Correlated Capital Positive Theta Program -9.02 250k 10/1/2007 237 Quantica Capital AG Quantica Managed Futures -8.90 5,000k 1/1/2005 236 Tomas Capital Pty Ltd GCAF | AUD (managed by Tomas Capital Australia Pty Ltd) -8.19 50k 7/1/2011 235 Global Sigma Group, LLC Global Sigma Plus -7.56 3,000k 11/1/2009 234 Welton Investment Partners Welton Global -7.19 10,000k 6/1/2004 233 Ritenour Investment Group, LLC RIG_ES_Client -6.96 25k 3/1/2013 232 Superfund Group Superfund Green Q-AG -6.92 2k 3/1/1996 231 Eclipse Capital Management Global Monetary -6.90 5,000k 8/1/1990 230 Superfund Group Superfund Green Gold B (SPC) -6.80 50k 10/1/2005 229 Superfund Group Superfund Red USD SICAV -6.78 10k 3/1/2013 228 Superfund Group Superfund Red EUR SICAV -6.75 10k 3/1/2013 227 Kaiser Trading Group Kaiser Trading Fund 2X SPC - Share Class B -6.69 1,000k 10/1/2006 226 Ancile Capital Management Global Markets Program -6.69 2,000k 4/1/2005 225 Transtrend B.V. DTP – Enhanced Risk (JPY) -6.47 10,000k 8/1/2004 224 Melissinos Trading Eupatrid Global Trends -6.39 50k 1/1/2011 223 Global Vista Advisors, LLC Global Vista Options ("GVO") -6.30 50k 10/1/2010 222 Transtrend B.V. DTP – Enhanced Risk (EUR) -6.26 10,000k 8/1/1999 221 Transtrend B.V. DTP – Enhanced Risk (USD) -6.25 10,000k 1/1/1995 220 Crabel Capital Management WPD Crabel Futures Program -6.23 1,000k 7/1/2008 219 Seven Capital Management Seven Absolute Return -6.08 100k 6/1/2009 218 Superfund Group Superfund Green L.P. Series A -6.07 5k 10/1/2002 217 Vision Capital Management Global Futures -5.86 500k 2/1/2012 216 GaveKal Investments S.A. GaveKal Dynamic Futures Fund -5.83 20k 2/1/2013 215 GaveKal Investments S.A. Gavekal Dynamic Futures Euro Currency Fund -5.79 20k 9/1/2013 214 Southwest Managed Investments, LLC Global Diversified -5.62 200k 1/1/2002 213 Quantmetrics Capital Management LLP Directional 10V Strategy -5.59 10,000k 1/1/2007 212 Esulep LLC MAX Esulep LLC MAX -5.58 500k 5/1/2008 211 AI1 CTA Euro Invest AI1 CTA Euro Invest -5.41 125k 5/1/2010 210 Crabel Capital Management Crabel Multi-Product -5.40 1,000k 3/1/1998 209 Eckhardt Trading Company Evolution Strategies 1.2X -5.37 10,000k 10/1/1991 208 Paskewitz Asset Management LLC Contrarian S&P Stock Index -5.34 500k 12/1/2003 207 Diamond Capital Management Enhanced S&P Program -5.33 100k 10/1/2009 206 Manning & Napier MN Xenon Futures Alpha Program -5.16 7,500k 6/1/2013 205 Manning & Napier MN Xenon Managed Futures (2x) Program -5.01 5,000k 6/1/2006 204 Quantmetrics Capital Management LLP Quantmetrics Multi Strategy Fund -4.94 1,000k 5/1/2006 203 Rabar Market Research Diversified Program -4.80 2,000k 1/1/1989 202 Vivienne Investissement OUESSANT UCITS FUND (A) -4.79 100k 5/1/2012 201 SMN Investment Services GmbH smn Diversified Futures Fund (1996) -4.79 0k 11/1/1996 200 Adamah Capital LLC Asset Allocator Program -4.70 50k 3/1/2011 199 Eckhardt Trading Company Evolution Strategies -4.69 20,000k 8/1/1991 198 Abraham Trading Company Diversified Program -4.66 10,000k 1/1/1988 197 Drury Capital Diversified Trend-Following Program -4.63 5,000k 5/1/1997 196 IStar Capital B.V. IStar Systematic Fund -4.62 1,000k 9/1/2011 195 The Tidal Group M2 SP500 Emini Futures Program -4.55 50k 1/1/2013 194 Transtrend B.V. DTP – Standard Risk (EUR) -4.47 10,000k 2/1/1999 193 FORT LP Fort Global Contrarian -4.43 2,000k 10/1/2002 192 Rotella Capital Management Rotella Polaris Program (Diversified) -4.41 10,000k 1/1/1991 191 AIMhedge Management Ltd. AIM Classic Fund EUR (Institutional) -4.39 100k 1/1/2005 190 DynexCorp Ltd Dynex Regular - Tetra FX Macro High Beta -4.32 1,000k 7/1/2009 189 Red Rock Capital, LLC Systematic Global Macro -4.31 500k 9/1/2003 188 Briarwood Capital Management, Inc. Diversified 2XL -4.29 250k 11/1/2004 187 Dreiss Research Corporation Diversified Program -4.16 1,000k 5/1/1991 186 Intex Capital Covered Options Program -4.10 50k 1/1/2012 185 Turning Wheel Capital, Inc. Pure Alpha Aggressive -4.05 5,000k 1/1/2012 184 Dixon Midland Company LLC Dixon Midland Diversified LLC -3.82 250k 5/1/2011 183 Aquantum Aquantum Global Systematic UCITS Fund (I) -3.80 500k 3/1/2013 182 Garraway Capital Management LLP Garraway Financial Trends -3.75 100k 9/1/2012 181 Auctos Capital Management Auctos Global Diversified -3.74 3,000k 11/1/2007 180 Camkay Capital Management LLC Stock Indices Short-Term -3.71 100k 3/1/2012 179 John Locke Investments Cyril Systematic Program -3.67 8,000k 7/1/2000 178 FORT LP Fort Global Diversified -3.63 2,000k 10/1/1993 177 Superfund Group Superfund Green Gold A (SPC) -3.61 5k 10/1/2005 176 Clarke Capital Management FX Plus -3.52 1,000k 5/1/2004 175 DUNN Capital Management D'Best Futures Fund, L.P. -3.52 100k 6/1/1994 174 Saxon Investment Corporation Aggressive Diversified Program -3.50 2,000k 11/1/1993 173 Revolution Capital Management Mosaic Institutional Program -3.44 25,000k 9/1/2009 172 Kaiser Trading Group Kaiser Global Diversified Program - Class B -3.43 1,000k 3/1/1998 171 Aquantum Aquantum Global Systematic Program (AGS) -3.40 5,000k 7/1/2013 170 Covenant Capital Management Aggressive Program -3.38 3,000k 2/1/2004 169 Degraves Capital Management Pty Ltd Degraves Global Diversified Program -3.28 1,000k 1/1/2013 168 QMS Capital Management LP QMS Diversified Global Macro Strategy -3.20 5,000k 6/1/2010 167 Manning & Napier MN Xenon Global Fixed Income (2x) Program -3.20 1,000k 5/1/2010 166 Millburn Ridgefield Corporation Diversified Program -3.17 20,000k 2/1/1977 165 Hyman Beck and Company Global Portfolio -3.13 1,000k 3/1/1991 164 Millburn Ridgefield Corporation Multi-Markets Program -3.11 25,000k 10/1/2004 163 Covenant Capital Management Original Program -2.98 5,000k 9/1/1999 162 Chesapeake Capital Diversified (LV) -2.94 100k 2/1/1988 161 County Cork LLC County Cork Fusion Equity -2.83 1,000k 10/1/2013 160 Clarke Capital Management Millennium -2.81 1,000k 1/1/1998 159 Auspice Capital Advisors Ltd Auspice Managed Futures Excess Return Index -2.78 5,000k 12/1/2010 158 Qbasis Invest Futures Fund B -2.78 100k 3/1/2009 157 EMC Capital Advisors, LLC EMC Alpha Program -2.72 5,000k 6/1/2013 156 Clarke Capital Management Global Basic -2.68 50k 2/1/1996 155 Aquantum Aquantum Commodity Spread Program (ACS) -2.68 5,000k 7/1/2013 154 Candriam Investor Group Alternative Return Systemat -2.68 125k 1/1/2007 153 JLC Futures Management Company JLC Managed Futures Fund I, LP. -2.66 100k 8/1/2009 152 EMC Capital Advisors, LLC Classic -2.65 5,000k 1/1/1985 151 Certeza Asset Management 4x Macro Vega -2.62 1,000k 1/1/2012 150 QTS Capital Management, LLC FX Managed Account -2.59 100k 1/1/2011 149 Witter & Lester, Inc. Redstone -2.58 500k 9/1/1994 148 Mark J. Walsh Company Standard Program -2.55 2,000k 9/1/1985 147 DUNN Capital Management World Monetary and Agriculture Program (WMA) -2.41 100k 11/1/1984 146 Qbasis Invest Futures Fund A -2.37 100k 4/1/2008 145 Cardwell Investment Technologies Cardwell Investment Technologies 3x Program -2.26 4,000k 2/1/2011 144 Eagle Trading Systems Inc. Eagle Global Financials -2.25 10,000k 1/1/1996 143 NovoDyn Advisors LLC NDC Mean Reversion FT - A -2.21 100k 3/1/2013 142 Gladius Asset Management Fulham Program -2.20 2,000k 1/1/2008 141 NuWave Investment Management, LLC NuWave Investment Partners LP -2.17 250k 6/1/2001 140 Revolution Capital Management Alpha Program -2.17 5,000k 6/1/2007 139 Alee Capital Management, LLC Poniente Program -2.16 2,500k 1/1/1999 138 Auspice Capital Advisors Ltd Auspice Diversified Program -2.14 1,500k 4/1/2006 137 NuWave Investment Management, LLC Combined Futures Portfolio -2.11 5,000k 6/1/2001 136 Revolution Capital Management Alpha Fund -2.11 50k 1/1/2005 135 ALFAKRAFT ALFA Rubicon Fund -2.08 16k 8/1/2011 134 Estlander & Partners Freedom -2.05 20,000k 8/1/2010 133 SEB Asset Management SEB Asset Selection Opportunistic Fund C (EUR) -1.99 1k 6/1/2009 132 Millburn Ridgefield Corporation Commodity Program -1.99 25,000k 3/1/2005 131 Salus Alpha Capital Ltd Salus Alpha Global Alpha (GAX) -1.98 1,000k 3/1/2003 130 Glider Trading LLP Glider Trading Strategy (Class C) -1.98 500k 9/1/2013 129 Molinero Capital Management LLP Briarwood Molinero Combined Futures Program -1.96 1,500k 7/1/2005 128 Saxon Investment Corporation Diversified Program -1.73 3,000k 9/1/1988 127 Sona Trading Strategies LLC. Diversified Program -1.72 1,000k 9/1/2006 126 GIC Trading LLC Global Diversified Trading Program -1.60 500k 11/1/1998 125 ROW Asset Managment Row Diversified Fund, L.P. -1.60 1,000k 11/1/2011 124 M.S. Capital Management Global Diversified Program -1.52 2,000k 11/1/1998 123 Manning & Napier MN Xenon Global Fixed Income Program -1.51 2,000k 8/1/2004 122 Wavefront Global Asset Management IMFC Global Concentrated -1.46 500k 4/1/2009 121 QERI LLC QERI LLC Fundamental Commodity Strategy -1.46 2,000k 7/1/2012 120 Keck Capital Management LLC The Keck Program -1.45 2,000k 12/1/2003 119 Cambridge Capital Management UK LLP CCM Program -1.41 2,000k 11/1/2012 118 Pinstripe Trading, LLC Standard -1.40 125k 8/1/2009 117 Turning Wheel Capital, Inc. Pure Alpha -1.39 10,000k 1/1/2012 116 ISAM ISAM Systematic Trend Fund -1.39 1,000k 6/1/2001 115 Neural Capital Ltd Sentinel Trading Program -1.36 2,000k 1/1/2006 114 UNISystems Research Inc. ODINET -1.36 10k 12/1/2012 113 Clarke Capital Management Global Magnum -1.35 100k 8/1/1997 112 Briarwood Capital Management, Inc. Diversified Trading Program -1.32 3,000k 7/1/2001 111 Somers Brothers Capital Diversified Futures Program #1 -1.31 100k 1/1/2005 110 Estlander & Partners Alpha Trend II - Class P -1.26 100k 12/1/2008 109 IDS Capital IDS F&F Systematic Trading -1.12 50k 7/1/2013 108 White Indian Trading Co. SCS Program (Client) -1.11 250k 2/1/2011 107 1OAK Capital Limited ACORN Commodity -1.11 5,000k 5/1/2012 106 Typhon Capital Management, LLC Metis Momentum Macro Program -1.11 500k 4/1/2013 105 Matic Capital Allocation, LLC Matic Program -1.10 250k 1/1/2013 104 Endeavour Capital LLP Endeavour Pembroke -1.04 2,000k 7/1/2007 103 Parizek Capital Futures Trading Program -1.01 500k 4/1/2000 102 SEB Asset Management SEB Asset Selection Fund C (EUR) -1.01 1k 10/1/2006 101 Angle Capital Management LLC AIP Program -0.97 100k 1/1/2010 100 Abraham Investment Management Formula 72 H -0.90 150k 8/1/2012 99 Silicon Valley Quantitative Advisors US Quantitative Portfolio (UQP) -0.87 200k 11/1/1999 98 3D S&P Program (Client) -0.83 100k 11/1/2010 97 Hansa Capital Management, LLC Hansa Investment & Trading, LLC - Long / Short Option Trading Strategy -0.83 6/1/2012 96 MERIT Alternative Investments GmbH Futures Portfolio -0.82 2,000k 6/1/1998 95 Blackwater Capital Management Tactical Equity -0.75 500k 12/1/2013 94 Purple Valley Capital, Inc. Diversified Trend 1 -0.67 100k 8/1/2008 93 Cardwell Investment Technologies Cardwell Investment Technologies 1x Program -0.57 4,000k 11/1/2008 92 Hehmeyer Capital Management, LLC Hehmeyer Systematic Treasury & Equity Strategy -0.57 250k 3/1/2010 91 IKOS IKOS Futures Fund -0.55 1,000k 2/1/2010 90 Metolius Capital LLC Metolius Diversified -0.51 100k 6/1/2010 89 Quantmetrics Capital Management LLP Premier 12V Strategy -0.47 10,000k 4/1/2003 88 Molinero Capital Management LLP Global Markets Program -0.47 2,000k 7/1/2005 87 3D Bull Program (Client) -0.45 10k 11/1/2010 86 Trigon Investment Advisors, LLC Foreign Exchange Program -0.45 5,000k 8/1/2000 85 Paskewitz Asset Management LLC Multi-strategy Futures Program -0.44 3,000k 5/1/2010 84 IKOS IKOS FX Fund -0.40 1,000k 3/1/2008 83 Mobius Asset Management Custom Trading Program -0.20 100k 1/1/2002 82 Alder Capital DAC Alder Global 20 -0.20 250k 2/1/2001 81 Campbell & Company, LP Campbell Managed Futures Composite (f/k/a FME Large) -0.19 50,000k 4/1/1983 80 Ring Capital Management LLC S&P E-Mini Select -0.17 100k 1/1/2012 79 Clarke Capital Management Worldwide -0.05 250k 1/1/1996 78 Mobius Asset Management Diversified Program -0.05 250k 3/1/2004 77 Jaguar Investments Ltd Vario Capital Strategy 0.02 1,000k 5/1/2016 76 Bridgeton Fund Management, LLC Bridgeton Tactical Advisors Fund 0.09 25k 4/1/1991 75 John Locke Investments JL Commodity Long Flat Program 0.11 5,000k 12/1/2007 74 Eagle Trading Systems Inc. Eagle Quantitative Macro 0.11 10,000k 10/1/2006 73 Blake Capital Management, Inc. SRD Currencies 0.14 100k 3/1/2013 72 Rotella Capital Management Rotella Orion (Short-Term) Program 0.28 10,000k 3/1/2006 71 Brandywine Asset Management Brandywine Symphony Preferred Fund, LP 0.40 100k 7/1/2011 70 Sandpiper Asset Management Sandpiper Global Macro Program 0.40 1,000k 8/1/2012 69 Romanesco Capital Management B.V Persistence Program 0.41 5,000k 9/1/2005 68 Paradox Capital Management Sentiment Program (1X) 0.45 1,000k 1/1/2013 67 Estlander & Partners Alpha Trend 0.46 30,000k 10/1/1991 66 NordIX NordIX AG - Government Bond Strategy (GBS) - (Advisory Mandates, not available for US investors) 0.53 1,000k 9/1/2011 65 3D Intraday Program (Client) 0.53 100k 2/1/2012 64 R Best LLC R Best Private Client Program 0.57 50k 2/1/2010 63 Diversified Capital Management Alpha Index 0.62 50k 8/1/2013 62 ALFAKRAFT ALFA Edge Fund 0.64 16k 12/1/2011 61 Mobius Asset Management Energy Weighted Program 0.75 250k 1/1/2005 60 Robust Methods LLC Macro Managed Account 0.77 5,000k 1/1/2005 59 Typhon Capital Management, LLC Proteus Dynamic Volatility Program 0.79 250k 10/1/2011 58 TRYCON G.C.M. AG Tungsten TRYCON Basic Invest HAIG, Class C (UCITS IV) 0.83 100k 2/1/2010 57 Salus Alpha Capital Ltd Salus Alpha Directional Markets (DMX) 0.84 1,000k 3/1/2003 56 Argus Capital Management Pty Ltd Dynamic Multi-strategy Program 0.86 1,000k 10/1/1996 55 Zoi Capital, LLC Telio Program (Client) 0.97 200k 4/1/2010 54 Conquest Capital Group Conquest Select 0.97 250k 6/1/2004 53 ROW Asset Managment Row Currency Program 1.00 1,000k 11/1/2010 52 Wavefront Global Asset Management IMFC Global Investment Program 1.06 2,000k 2/1/2007 51 Crescent Bay Capital Management Premium Stock Index Program 1.10 10k 10/1/2005 50 Fenja Fund Multi Strategy Ltd. Fenja Fund Multi Strategy Ltd. 1.15 50k 10/1/2010 49 Glendorn Capital Management LLC Diversified Short-Term Trading Strategy 1.27 2,000k 7/1/2013 48 Mondiale Asset Management Mondiale Trading Program 1.32 0k 9/1/1997 47 Jaguar Investments Ltd Aegir Capital Strategy 1.34 1,000k 1/1/2012 46 Blue Diamond Asset Management Blue Diamond Non-Directional Strategy 1.42 100k 10/1/2011 45 Kelly Angle Inc. Genesis Program 1.45 2,000k 4/1/2000 44 Mehnert Capital Management, LLC DTP (Client) 1.48 1,000k 3/1/2012 43 Emil van Essen Spread Trading Program 1.48 5,000k 12/1/2006 42 ReSolve Asset Management Inc. Resolve Acorn Diversified Program 1.52 10k 7/1/2005 41 Deep Field Capital AG SINGULARITY Fund 1.56 100k 9/1/2011 40 Mesirow Financial Investment Management, Inc. Extended Markets Alpha Program 1.58 10,000k 4/1/2004 39 Futures Truth Company, FTC-CTA MS4 1.59 250k 10/1/2007 38 Typhon Capital Management, LLC Chiron Currency Program 1.86 250k 2/1/2008 37 Mesirow Financial Investment Management, Inc. Emerging Markets Currency Alpha Programme 1.95 10,000k 2/1/2008 36 Diversified Capital Management Diversified Strategies Investment Fund 1.98 100k 11/1/2012 35 TMS Capital Limited Arktos Global Currency Program II 2.02 100k 2/1/2008 34 Hoss Capital Management, LLC Hoss Agricultural Futures Program 2.06 100k 8/1/2011 33 Kontra Asset Management Ltd Pure Currency 2.08 100k 10/1/2013 32 Insch Capital Management SA Interbank Currency Program - 3X Leverage 2.21 100k 1/1/2000 31 dormouse Limited dormouse - Managed Account 2.62 10,000k 7/1/2011 30 Pacific Capital Advisors Agilis Program 2.73 100k 12/1/2012 29 Emil van Essen Long-Short Commodity Program 2.80 1,000k 6/1/2013 28 Emil van Essen EvE Systematic Global Opportunities 2.81 1,000k 9/1/2007 27 RAM Management Group RAM MRTP 1X-Conservative 2.86 1,000k 9/1/1993 26 Future Trade AG Thales Swing Trading Programme 3.17 250k 6/1/2007 25 Quantitative Investment Management Quantitative Global Program 3.17 20,000k 10/1/2003 24 Hawksbill Capital Management Global Diversified 3.35 5,000k 11/1/1988 23 Soaring Pelican, LLC Diversified S&P Program 3.66 100k 1/1/2011 22 Amplitude Capital International Limited Klassik Strategy 3.76 1,000k 9/1/2009 21 Urban Tree Capital, LLC UTC Plus (Client) 3.82 100k 3/1/2013 20 Alee Capital Management, LLC Mistral Program 4.08 2,500k 1/1/1999 19 Red Rock Capital, LLC Commodity Long-Short 4.29 500k 9/1/2013 18 Witter & Lester, Inc. Stock Index Futures Trading Program 4.54 400k 1/1/1988 17 SinoPac Asset Management SinoPac Multi Strategy Quant Fund 4.65 250k 10/1/2009 16 Dominion Capital Sapphire Program 4.98 3,000k 5/1/2005 15 HB Capital Management Inc. Diversified Program 5.00 50k 3/1/2008 14 ALFAKRAFT ALFA Commodity Fund 5.03 16k 6/1/2010 13 Wimmer Horizon LLP Managed Account 5.16 5,000k 5/1/2005 12 Systematic Alpha Management Systematic Alpha Futures Program 5.20 100k 6/1/2004 11 Superfund Group Superfund Blue SPC Class A (EUR) 5.59 50k 4/1/2005 10 Superfund Group Superfund Blue SPC Class A (Gold) 6.52 50k 12/1/2007 9 W.G. Wealth Guardian Ltd. SAFI2 Program 6.53 1,000k 9/1/1997 8 White Indian Trading Co. STAIRS - Futures Program (Client) 6.93 250k 10/1/2008 7 Tactical Investment Management Tactical Institutional Commodity Program 6.99 10,000k 4/1/1993 6 RAM Management Group MRTP Aggressive 8.26 1,000k 2/1/1998 5 Coloma Capital Futures(r), LLC Hedged Volatility Strategy 8.50 250k 5/1/2013 4 Claughton Capital Institutional Program 10.94 1,000k 10/1/2005 3 Kinkopf Capital Management KCM S&P (Proprietary) 14.72 100k 1/1/1999 2 Conquest Capital Group Conquest Macro 17.82 250k 5/1/1999 1 White Indian Trading Co. STAIRS (Client) 29.54 250k 5/1/2009 Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. IASG indexes are generated daily based on CTA manager supplied sector focus, investment strategy and performance. To participate in the IASG index, a program must have a minimum track record of 3 year's performance. Other indexes require a minimum two year track record. Strategy based indexes require the program's composition be more than 50% of the specific strategy. It is not possible for an investor to invest in any of the IASG indexes.