Manager Bio
Thomas J. Reavis is the founder and President of Worldwide Capital Strategies, LLC. Tom’s love of commodities began in 1965 when his father’s friend Hugh Corkery, the last President of the historic Chicago Stockyards, got Tom a job as a runner on the floor of the CME. After graduating in 1970 from the University of Colorado with a degree in Political Science and Economics, Tom became a commodity broker for Packers Trading Company. In 1974, one of Tom’s customers recognized his talents as a trader and bought him a seat on the Chicago Mercantile Exchange. Tom traded in the “pits” on the floor of the exchange as a speculator and a market maker for the next 32 years.
In 1984, Tom became very interested in system trading. With the help of a friend that was a systems programmer, he developed over 250 commodity trading systems. Many of these systems became the foundation of the CTA, Worldwide Capital Strategies, LLC which was launched in 2010.
Strategy Description
We seek to capture outsized returns with our proprietary self adjusting, trend-following system. As a floor trader on the CME for 30 years, I was never satisfied with small profits like I see with many CTAs and I don’t think my clients are either. When attempting to generate large profits, this comes with the potential for exposure to greater risk. Our first priority is risk mitigation. We accomplish this by making a relatively large number of small, high probability trades and immediately protect those trades with stop loss orders. Our average risk per trade for the decade has been about 1.8%. We trade 24 of the world’s most liquid commodity contracts and we enter and exit positions around the world and around the clock. The Profit Quest program is a long volatility program which means that it often does best when equities are are in crisis and our clients need us most.
Compliance:
• Worldwide Capital Strategies is a registered Commodity Trading Adivsor (CTA) with the Commodity Futures Trading Commision (CFTC) and is a registered member of its self-regulatory arm, the National Futures Association (NFA).
• An independent, third-party administration firm calculates and verifies the performance of Worldwide Capital Strategies investment programs.