ACE Investment Strategists : Stock Index Premium Collection
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definitions page
Year-to-Date
N / A
Dec 2.69%
|
Min. Investment |
$ 75k |
Inception |
Oct 2001 |
Assets |
$ 6.3M |
|
Mgmt Fee |
2.00% |
Sharpe (RFR=1%)
|
0.45 |
Worst DD |
-77.22
|
|
Perf Fee |
25.00% |
CAROR |
9.89% |
S&P Correlation |
0.41 |
Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | DD |
| 2011 | 2.47 | 1.14 | -1.56 | -0.38 | 1.86 | -1.32 | -8.58 | -28.90 | -17.19 | -6.20 | 3.05 | 2.69 | -45.42 | -50.23 |
| 2010 | 2.29 | 1.06 | 2.91 | -2.18 | -21.08 | 5.77 | 0.43 | 2.25 | 2.04 | 5.13 | -2.21 | 5.52 | -1.26 | -22.80 |
| 2009 | -1.48 | 1.80 | -5.34 | 10.83 | 5.83 | 5.61 | -2.53 | 2.65 | 1.64 | -0.58 | 3.91 | 6.19 | 31.20 | -5.34 |
| 2008 | -14.25 | 5.71 | 4.14 | 5.85 | 7.87 | 2.67 | 0.82 | 1.81 | -54.27 | -30.00 | -4.86 | 11.96 | -61.27 | -69.54 |
| 2007 | 5.01 | -12.34 | -10.42 | -2.84 | 8.35 | 1.53 | -5.77 | -9.34 | 9.63 | 4.80 | 2.86 | 12.01 | -0.33 | -28.30 |
| 2006 | 0.39 | 1.11 | 2.82 | 0.30 | -2.00 | 1.13 | -1.65 | 4.89 | 1.48 | 1.91 | -0.95 | 1.76 | 11.56 | -2.53 |
| 2005 | 2.47 | -1.99 | 0.23 | 0.73 | 2.45 | 2.14 | 0.58 | 1.46 | 2.19 | 0.02 | 0.61 | 1.66 | 13.19 | -1.99 |
| 2004 | 0.89 | 4.82 | 3.39 | 1.98 | 2.93 | 3.29 | 2.27 | 2.70 | 4.07 | -1.57 | 1.32 | 2.46 | 32.41 | -1.57 |
| 2003 | 7.24 | 4.84 | 4.58 | 10.18 | 2.81 | 0.92 | -7.78 | 15.48 | 5.78 | 8.95 | 2.68 | -1.62 | 66.65 | -7.78 |
| 2002 | 4.36 | 5.78 | 5.47 | 0.41 | 3.96 | -3.37 | -2.46 | 8.82 | 6.42 | 16.50 | 5.29 | 5.16 | 71.12 | -5.75 |
| 2001 | | | | | | | | | | 31.98 | 28.16 | 19.47 | 102.08 | N/A |
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS
IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.
Strategy Description
Summary
Stock Index Premium Collection: The managed futures program collects premiums by writing call and put options on the S&P 500 index futures. The key to success is to balance option positions, where price changes and volatility are constantly changing, and, while exploiting the time decay aspect of option premiums. There are twelve cycles per year, ending on options expiration each month. Profitable outcomes can occur whether the S&P is up or down as long as its price stays within a predetermined range. It works best when the market is somewhat, but not excessively, volatile.
Yu-Dee Chang is the President and Advisor for ACE Investment Strategists, LLC. He began his financial career as a currency-hedging consultant for an import/export firm in 1987. Five years later he entered the commodity brokerage business, and quickly rose to the position of head trader. He soon became a principle of the firm and of a succession of other investment firms he opened on his own. In 1997, he launched Chesapeake Investment Services, Inc., a multi-faceted commodity futures company offering a wide range of services, where he continues to serve as sole principal and President. Mr. Chang publishes a weekly, stock market newsletter, Market Call, and has been for years a popular host of two investment oriented radio shows.
