LinnLaSalle Asset Management - PowerPoint PPT Presentation

Title: LinnLaSalle Asset Management


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Linn-LaSalle Asset Management
Alternative Investment Portfolio Analysis
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Todays Investment Challenges

• Low returns on cash
• Under performing stock market over the past 5
  years.
• With highly appreciated real estate valuesHow
  long can double digit returns continue?

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Alternative Assets
Metals Gold Silver Copper Nickel Zinc
Energy Crude Oil Natural Gas Heating Oil Unleaded
Gas Gas Oil WTI Crude
Currencies Australian Dollar US
Dollar British Pound New Zealand
Dollar Canadian Dollar Singapore
Dollar Euro Dollar South African
Rand Japanese Yen Swiss Franc
Short-Term Interest Rates Eurodollar
(USA) Euribor (Europe) Short Sterling (UK) Schatz
(Germany) Canadian 90 Day Bill
(Canada) Euroswiss (Switzerland)
Traditional Commodities Grains Livestock Food
Fiber Sugar Coffee Cotton
Stock Indices DAX (Germany) DJ Euro Stoxx 50
(Europe) FTSE (UK) Hang Seng (Hong Kong) IBEX
(Spain) MSCI (Taiwan) NASDAQ 100 (USA) Nikkei
(Japan) SP 500 (USA)
Long-Term Interest Rates Treasury Bond/30 Yr.
(USA) Treasury Note/10 Yr. (USA) Treasury Note/5
Yr. (USA) Long Gilt (UK) JGB (Japan) Bund
(Germany) Bobl (Germany)
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What can alternative assets do for me?

• Diversification
• Reduce Portfolio Risk
• Potential to enhance Portfolio Returns
• Ability to profit in any economic environment
• Opportunity to participate in Global investments

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Who uses these Alternative Assets?

• Corporate and Public Pension Plans
• Endowments
• Family Trusts
• High Net Worth Individuals

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What value does Linn LaSalle provide?

• Analyze and study the performance of 2700
  registered Advisors
• Created a basic criteria/philosophy for choosing
  Advisors
• Average Annual Returns in the 10-20 range
• Proven Track Records (Minimum of 5 years)
• Less then 50 Million under management
• Advisors that are low to non-correlated to each
  other

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What value does Linn LaSalle provide?

• Ongoing monitoring of the advisors
• Back up Advisors
• Daily Transparency and Liquidity (Ability to pull
  your money out within 24 hours)
• Funds are in held in a Segregated Account and are
  monitored by the Government and Exchanges on a
  daily basis
• Daily and monthly accounting and email reports
• Customized Portfolio analysis showing the past 5
  years of a portfolio with and without our
  advisors.

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Performance of Advisors
Source http//www.barclaygrp.com
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Value of Asset Allocation
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Alternative AssetProduct Sectors

• Global Diversified
• Foreign Exchange
• Financial/Interest Rates
• Option trading
• Agricultural

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Alternative Investments

• 5 non-correlated managers
• 5 different market sectors
• 5 unique methodologies

• Opportunity for
• Improved portfolio returns
• Reduced portfolio volatility
• Increase Diversification

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Clarke Capital (Global Magnum)
YTD Performance (July) -2.54 Previous 5 year
Avg 19.25
ALL PERFORMANCE IS NET OF FEES

• Systematic, global diversified strategy trades 19
  domestic and international markets
• Incorporates 11 intermediate trading models that
  supply entry and exit signals

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Clarke Capital (Global Magnum)
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Wallwood Consultants
YTD Performance (June) 1.83 Previous 5 year
Avg 20.17
ALL PERFORMANCE IS NET OF FEES

• Currency trading specialist
• Trades the Euro, the Yen and the U.S. Dollar
• Short term, systematic methodology

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Wallwood Performance
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BC Capital
YTD Performance (June) 4.58 Previous 5 Year
Avg 12.49
ALL PERFORMANCE IS NET OF FEES

• Option trading specialists in SP 500
• Credit spread writing strategy
• Combination of rules based and discretionary
  trading

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BC Capital Performance
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Cutler Investments
YTD Performance -10.94 (June) Previous 5 year
Avg 15.81
ALL PERFORMANCE IS NET OF FEES

• Specializes in Financials
• Trades interest rates stock indices
• Systematic, trend following methodology

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Cutler Investment Performance
20
Commodity Capital
YTD Performance 1.55 Previous 5 year Avg
.98
ALL PERFORMANCE IS NET OF FEES

• Specializes in agricultural futures, options, and
  spread trading
• Discretionary methodology based on fundamental
  analysis and historical market relationships
• Relatively low margin to equity/ low volatility
  advisor

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Commodity Capital Performance
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The mathematical portfolio representation
reflects results after commissions, fees, and
other charges. Individual account performance
may vary. Refer to the individual CTA
Disclosure Document. HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED AS FOLLOWS. NO REPRESENTATION
IS BEING MADETHAT ANY ACCOUNT WILL OR IS LIKELY
TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY
TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT
ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO
THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN
THE PREPARATION OF HYPOTHETICAL PERFORMANCE
RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT
ACTUAL TRADING RESULTS.
23
The mathematical portfolio representation
reflects results after commissions, fees, and
other charges. Individual account performance
may vary. Refer to the individual CTA
Disclosure Document. HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED AS FOLLOWS. NO REPRESENTATION
IS BEING MADETHAT ANY ACCOUNT WILL OR IS LIKELY
TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY
TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT
ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO
THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN
THE PREPARATION OF HYPOTHETICAL PERFORMANCE
RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT
ACTUAL TRADING RESULTS.
24
The mathematical portfolio representation
reflects results after commissions, fees, and
other charges. Individual account performance
may vary. Refer to the individual CTA
Disclosure Document. HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED AS FOLLOWS. NO REPRESENTATION
IS BEING MADETHAT ANY ACCOUNT WILL OR IS LIKELY
TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY
TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT
ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO
THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN
THE PREPARATION OF HYPOTHETICAL PERFORMANCE
RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT
ACTUAL TRADING RESULTS.
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Strategic Portfolio Analysis Service

• Portfolio optimization
• Volatility measurement management
• Risk-reward ratios

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2 Million Portfolio without Strategic Investment
Managers Time Frame February 2001 thru December
2005
The mathematical portfolio representation
reflects results after commissions, fees, and
other charges. Individual account performance
may vary. Refer to the individual CTA
Disclosure Document. HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED AS FOLLOWS. NO REPRESENTATION
IS BEING MADETHAT ANY ACCOUNT WILL OR IS LIKELY
TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY
TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT
ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO
THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN
THE PREPARATION OF HYPOTHETICAL PERFORMANCE
RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT
ACTUAL TRADING RESULTS.
27
2 Million Portfolio with 13 Strategic
Investment Exposure Time Frame February 2001
thru December 2005
The mathematical portfolio representation
reflects results after commissions, fees, and
other charges. Individual account performance
may vary. Refer to the individual CTA
Disclosure Document. HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED AS FOLLOWS. NO REPRESENTATION
IS BEING MADETHAT ANY ACCOUNT WILL OR IS LIKELY
TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY
TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT
ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR TO
THE IMPLEMENTATION OF ANY SPECIFIC TRADING
PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN
THE PREPARATION OF HYPOTHETICAL PERFORMANCE
RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT
ACTUAL TRADING RESULTS.
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Dr. John Lintner of Harvard University, wrote
that "the combined portfolios of stocks (or
stocks and bonds) after including judicious
investments ... in leveraged managed futures
accounts show substantially less risk at every
possible level of expected return than portfolios
of stocks (or stocks and bonds) alone."
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Getting Started

• How it works
• Detailed analysis of your current portfolio
• Select the managers that would best fit
• Open an account
• Additional Benefits include
• Pension IRA suitable for most investors
• 60/40 Capital gains treatment for taxable
  accounts
• Low cost

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• The Linn Group does not guarantee the accuracy
  of the data or information herein. Although the
  data is believed to be from reliable sources, The
  Linn Group makes no warranty as to the accuracy
  of this information or the performance of the
  Commodity Trading Advisor. Prospective investors
  must receive and review a disclosure document
  before investing in any of these programs.
  Futures and options trading involve substantial
  risk. In no event should the content of this
  information sheet be construed as an express or
  an implied promise, guarantee or implication by
  or from The Linn Group that you will profit or
  that losses can or will be limited in any manner
  whatsoever by following these programs. Past
  performance is not necessarily indicative of
  future results. Data provided is solely intended
  for information purposes and is obtained from
  sources believed to be reliable. Information is
  in no way guaranteed.