Red Rock Capital Management

No. The Red Rock Commodity Program is constructed exclusively from global commodity futures and commodity options. The firm's mandate prohibits trading in equities, sovereign bonds, corporate credit, or currency pairs, which distinguishes it from multi-asset CTAs and global-macro managers. The result is a program that generates return streams uncorrelated to traditional risk-on/risk-off portfolio shifts.

Adam Davis, the founder, oversees all investment decisions as CEO and Chief Investment Officer. The firm does not operate a committee-based investment process; Davis owns the model research, signal library, and position-sizing framework. This concentrated decision-making is typical for systematic CTAs of Red Rock's size, where the intellectual property is tightly held by the founder.

Red Rock trades a diversified signal suite spanning trend, mean-reversion, and carry factors rather than relying on a single long-term trend model — the classic CTA approach. The program runs multiple trading models simultaneously across short-to-medium timeframes, allocating risk among them algorithmically. A persistent long-volatility posture, embedded in the model architecture, is designed to perform best when commodity markets are disorderly.

The firm's program trades energy (crude oil, natural gas, refined products), metals (precious and industrial), grains and oilseeds, and soft commodities such as cocoa, coffee, and sugar. The portfolio typically holds 45–55 individual futures and options markets. The mandate excludes crypto, carbon credits, and other non-traditional commodity exposures.

Red Rock's strategy has been made available through both commingled fund vehicles and separately managed accounts. The managed-account structure gives institutional allocators transparency into daily positions and the ability to impose custom risk constraints. The firm does not make commitments as an LP to outside private funds — it deploys capital exclusively through its own systematic trading program.