“Today, the rules [and regulations] are much broader, capture far more, but are far less prescriptive; more likely based on general objectives and themes rather than micromanaging exactly how things occur.” - Arthur Bell (Tweet)

Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group. On today's episode our guests are Jennifer Sunu, who is the director of compliance at the NFA, Arthur Bell, CPA and managing member of Bell Tower LLC, and JP Bruynes, who is a partner at the law firm Akin Gump.

Listen in to today's episode as we focus on how the managed futures industry is organized, how it has changed since the industry started, who the key players are and what role do they play, and how regulators keep an eye on all these players to ensure they play fairly.

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In This Episode, You'll Learn:

What got our guests into managed futures

"Entry [into the CTA field] is easy, but success is very difficult.” - Arthur Bell (Tweet)

The basic structure of the managed futures industry

What role each of the key players have in managed futures

How the different regulatory bodies work together in the US

The different ways that hedge fund management has changed over the last twenty years

“Registration with the CFTC and membership in the NFA is a fairly low barrier to entry [in setting up a CTA], as opposed to firms located in Europe, who may have to register as alternative investment fund managers.” - JP Bruynes (Tweet)

How the industry has evolved over the last forty years

Why our guests believe that investing in managed futures is a good idea

What it takes to set up a CTA today

The importance of understanding your edge as a CTA

“I would only suggest managed futures for a larger portfolio, because you don't want to put all your money into futures.” - Arthur Bell (Tweet)

What first steps a new CTA is going to take in working with regulators

What Jennifer recommends for younger CTA's

The questions new investors should be asking to find the best CTA for them

This episode was sponsored by CME Group:

Connect with our guests:

 

Learn more about Jennifer Sunu and the National Futures Association

Learn more about Arthur Bell and Bell Tower LLC

Learn more about JP Bruynes and Akin Gump

“Today, things run quite smoothly. There is still the occasional bad apple, and the NFA and CFTC are quite good at ferreting them out.” - Arthur Bell (Tweet)