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Year-to-Date 0.81%
Jan -0.81%
Min. Investment $ 1,000k Inception Apr 2005 Assets $ 1.6M
Mgmt Fee 2.00% Sharpe (RFR=1%) 0.85 Worst DD -11.64
Perf Fee 20.00% CAROR 13.04% S&P Correlation -0.09
Ancile Capital Management : Global Markets Program

Performance

YearJanFebMarAprMayJunJulAugSepOctNovDecYTDDD
2012-0.81-0.81-0.81
20111.350.86-2.721.730.15-2.445.383.093.58-8.306.253.7212.40-8.30
2010-4.040.895.751.03-8.371.25-0.863.19-0.403.64-1.894.774.17-8.37
2009-1.231.032.90-4.10-3.54-2.38-1.163.695.76-3.381.512.080.62-10.74
20083.5017.36-5.330.47-1.095.03-6.03-3.62-1.262.155.133.9819.85-11.64
2007-3.69-1.38-0.651.605.864.11-4.40-5.670.006.822.178.2112.53-9.82
20064.482.495.162.33-5.781.38-4.52-3.083.524.283.976.5921.85-11.61
2005-0.136.425.421.571.043.80-2.185.58-2.3720.35-2.37
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

The Global Markets Program is a multistrategy futures trading program. The core strategy is long term trend following applied to a large portfolio of markets that is highly diversified geographically and across sectors. Other strategies are traded at lower levels to achieve diversification, and have included interest rate yield curve roll-down, option premium writing, rollover arbitrage, currency carry trading, and intermarket spread mean reversion.

Investment Strategy

Momentum and convergence.

Risk Management

The manager measures the volatility of individual positions, individual strategies and the entire program and makes adjustments in an attempt to equalize risk exposure across time periods. For each trade, there is a point where the position will be closed if it moves sufficiently adversely.

Risk Disclosures

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.

YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY FUTURES, OPTIONS, AND FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR ("CTA"). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE CLIENTS OF A CTA RECEIVE A DISCLOSURE DOCUMENT BEFORE THEY ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT'S COMMODITY INTEREST TRADING AND THAT FEES AND CERTAIN RISK FACTORS BE HIGHLIGHTED. IASG WILL PROVIDE YOU A COPY OF THE DISCLOSURE DOCUMENT AT NO COST. YOU SHOULD REVIEW THE CTA'S DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THE TRADING PROGRAMS DESCRIBED ON THIS WEBSITE NOR ON THE ADEQUACY OR ACCURACY OF THE CTA'S DISCLOSURE DOCUMENT. THE INFORMATION CONTAINED ON THIS WEBSITE HAS BEEN PREPARED BY IASG FROM SOURCES DEEMED RELIABLE, BUT IASG DOES NOT GUARANTEE THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION. NEITHER IASG NOR ANY OF ITS RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES MAKE ANY WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND WHATSOEVER, AND NONE OF THESE PARTIES SHALL BE LIABLE FOR ANY LOSSES, DAMAGES, OR COSTS, RELATING TO THE ADEQUACY, ACCURACY OR COMPLETENESS OF ANY INFORMATION ON THIS REPORT.

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