SALT LAKE CITY, UT--(Marketwire - Jan 25, 2012) - The premier proprietary trading firm, Maverick Trading, released its 2011 portfolio returns to its traders on Thursday, January 12 in a private presentation to the firm. While exact details remain within the firm, Maverick Trading management was comfortable in confirming that portfolio returns for 2011 exceeded 40 percent by a fair margin. In a year where over 90 percent of actively managed funds fell short of their benchmark indices and the broad markets returned a paltry 0.5% for the S&P 500 and just over 5% for the Dow 30, the traders at Maverick Trading continued their track record of solid outperformance, bringing the firm's record of alpha generation to well over 250 points since the beginning of 2008.
Robb Reinhold, Founder and Head Trader of Maverick Trading said, "Since I began trading in 1997, I have to say that 2011 ranked in the top two hardest years to trade. It is a testament to our traders that they managed their risk correctly throughout the entire year and produced another great year for the firm."
Jon Frohlich, Head of Operations, continued, "The firm's recruiting efforts brought on board a very competent cohort of new traders to the firm. This class took Maverick's methodology to heart and their efforts added substantially to the bottom line of the firm. Robb and I also have to give a round of applause to the instructors and coaches at the firm who stood by both the new traders and the experienced hands to offer guidance, education, and advice throughout the year."
Outside of the trading room, 2011 was a busy year for the firm. Maverick Trading recruited at two industry events in Dallas and Las Vegas, hosted two summits for its traders, and had its flagship book, Maverick Trading: Professional Techniques to Create Generational Wealth, published by McGraw-Hill.
The firm's book has enjoyed critical acclaim and has increased the number of inquiries to the firm by retail traders as well as traders with previous professional experience.
Darren Fischer, co-author of the book along with Reinhold and Frohlich said, "One of the highest compliments we get is to have people contact the firm and say that they've read our book and want to be a part of what we're creating and accomplishing at Maverick."
In proprietary trading operations, Maverick stands proud on a field with very few contemporaries. Maverick is one of only about five percent of proprietary trading firms that are geared toward position and swing trading and in a further rarified atmosphere as one of the only firms who concentrate on options trading.
Maverick Trading's operations are a surprise to many familiar with the proprietary trading industry in that Maverick gives its traders generous access to firm capital in as little as two months. Frohlich elaborated on the firm's practices, "The only way the firm can safely accomplish this is to invest significant time and resources into our traders both before they begin trading with firm capital and continue the practice when they're trading live."
The result of Maverick's structure and training program is an alignment of interests between the traders and Maverick, substantial and consistent profitability for both the traders and the firm, and a retention rate among traders approaching 97 percent.
In contrast to the vast majority of the prop firm industry, each of Maverick's traders has an equity interest in the firm and part of a trader's yearly compensation in the form of profit sharing. By providing traders with an interest in the collective success of the firm, Maverick has created an intensely collegial atmosphere for its traders. Reinhold said, "Each trader is responsible for the performance of his or her account, but having an interest in the firm as a whole really makes people receptive and motivated to helping out other traders. Since everyone has been trained in the same methodology, the traders are able to understand what their colleagues are doing and why they're doing it. This allows traders to quickly relate a great deal of information without confusion and contributes to the success of the firm."
Regarding operational goals for 2012, Maverick management indicated the multi-year success and returns of the firm have put it in a position to continue recruiting and even increase the number of new traders it can bring in to the firm. Additionally, Maverick is exploring the possibility of a series of seminars to promote its book and to act as a recruiting venue for potential traders.
For more information on Maverick Trading, interested traders should go to: www.mavericktrading.com.
Traders interested in applying to the firm should visit Maverick's online recruiting link: www.mavericktrading.com/apply.php.
About the firm: in operation since 1997, Maverick Trading is a premier proprietary trading firm headquartered in Salt Lake City, Utah. The firm has two divisions: Options/Equities and Foreign Exchange.