FortyEighters II Managed Gold Futures
Managed Futures
The Strategies
The Program is a “long-bias” program which consists of buying futures and buying put options to protect core positions. The basic goal of the program is intended to mitigate the overall risk in the program’s core long bias. The Program may also incorporate an option writing strategy with the goal of profiting from time decay, offsetting some of the cost of the long put protection. The Program will maintain a long bias at all times. The Program’s goal is to capture as much of an upside move in the gold price as possible while mitigating the risk of gold price declines. Depending on liquidity, option orders will either be placed directly to the Comex Gold pit or placed electronically. Positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.
The Principals
George Cocalis started his career on the floor of the Chicago Mercantile Exchange. He rose through the ranks to become floor manager at one of the largest futures brokerage firms managing the S&Ps, Currency and Meat desks, with supervisory duties over both retail and institutional accounts. After being promoted to floor manager, he added the responsibility of training and managing over 100 employees. Mr. Cocalis’ floor experience and knowledge of market dynamics provides a tremendous advantage to his existing client base where he educates them on proper risk management and trading strategies. Mr. Cocalis is currently the Chief Market Strategist (Metals) at PFGBEST and one of the Co-Founders and Managing Partners of AFB, LLC Commodity Trading Advisor, which is registered with the CFTC and a member of the National Futures Association.
Mr. Cocalis believes strongly in the value of trading gold in a diversified portfolio and is an active educator on this topic, advocating the benefits to individual investors that professional traders have known for years. He has written a series of informative articles on the gold market which have been featured on numerous financial websites including Kitco, Goldseek, 321gold, Financialsense, Contrary Investors Café, and Gold Editor. Mr. Cocalis has also provided market commentary on Fox Business News, Bloomberg, Phoenix TV, ONN.TV and on the syndicated television program “First Business Morning News”. Mr. Cocalis is also frequently quoted in IB Times articles as well.
