Principal Trader: David T. Bedford
Background
From September
1998 to August 1999 he took graduate courses at
Golden Gate University. During this time his
course work focused on quantitative analysis,
statistics, and information technology. This
coursework combined with his interest in the
markets launched the pursuit of researching
profitable trading methods. Since, August 1999he
has been an active market participant testing
his methods and skills in the futures markets.
From January 2003
to Present, he has been President of Crescent
Bay Capital Management, Inc. He established this
firm to form a business entity for the sole
purpose of trading and market research. The
successful development of multiple trading
systems led him to register Crescent Bay Capital
Management, Inc.
Premium Stock Index Program
Trading Methodology
Crescent Bay Capital
Management, Inc. is an alternative investment
group, specializing in managed futures and more
specifically in trading options on futures
contracts. Our goal is to generate returns
non-correlated to those of equity and fixed
income investments. A volatile economic
environment, which can cause stress to a typical
stock and bond portfolio, is often the optimal
setting for our program. The non-correlated
behavior of our program can potentially lead to
a smoother equity curve for the investor's
overall portfolio.
Type of Trading
Our investment strategy is to
sell "out-of-the-money" options on the Standard
& Poor's 500 stock index futures contract and
collect the premium. Trades are usually made 30
- 45 days from expiration. The idea is to hold
the option until expiration. This maximizes the
return on the option by retaining all the funds
received in the account when the option was
initially sold. The goal is to be profitable
regardless of market direction.
Disclosure
Document (pdf)
Past performance is not
indicative of future results. There is an
unlimited risk of loss associated with an
options writing program. An investor could
potentially lose more than the initial
investment. Investors must read the current
disclosure document before they invest.
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