Angle Capital Management LLC : AIP Program
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definitions page
Year-to-Date
5.71%
Jan 5.71%
|
Min. Investment |
$ 100k |
Inception |
Jan 2010 |
Assets |
$ 19.8M |
|
Mgmt Fee |
1.50% |
Sharpe (RFR=1%)
|
0.99 |
Worst DD |
-17.32
|
|
Perf Fee |
20.00% |
CAROR |
27.19% |
S&P Correlation |
-0.48 |
Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | DD |
| 2012 | 5.71 | | | | | | | | | | | | 5.71 | N/A |
| 2011 | 1.68 | 6.31 | -7.75 | 9.71 | -7.73 | -3.06 | 15.36 | 15.81 | 9.62 | -17.32 | 4.84 | -0.67 | 23.39 | -17.32 |
| 2010 | -6.58 | 5.17 | 0.95 | -0.49 | 6.84 | 5.63 | 0.43 | 8.50 | -0.05 | 6.38 | -8.84 | 7.56 | 26.54 | -8.84 |
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 Advisor’s AIP Program consists of utilizing two separate investment programs , hereon referred to as ‘Sub-Programs’. The AIP Program is the aggregate net results of trading the Sub-Programs known as the Genesis Program, offered by the Commodity Trading Advisor known as Kelly Angle Inc., along with the Keck Program offered by the Commodity Trading Advisor known as Keck Capital Management LLC . At the beginning of each trading month, approximately 50% of the aggregate allocation will be equally divided between each Sub-Program. Management Fees and any Incentive Fees are based upon on net new profits of the combined performance of the Sub-Program results. The Advisor of the AIP Program, Angle Capital Management LLC serves as the Commodity Trading Advisor of the AIP Program, but will not earn any fees in serving as the Advisor. All fees charged by the Angle Capital Management LLC, will be equally shared and distributed to companies which own and operate the Sub-Programs, which are Kelly Angle Inc. (the Genesis Program) and Keck Capital Management LLC, (the Keck Program).
The Genesis Program has been trading since April 2000 and the Keck Program has been trading since December 2003. Mr. Angle, is the primary designer of the Genesis and Keck Programs. The AIP Program is a single allocation investment vehicle that gives the allocation source the opportunity to participate in both the Genesis and Keck Programs through a single allocation where potential non-correlation benefits may be obtained from trading the two programs at the same time.
Investment Strategy
The Advisor’s managed futures trading program would be classified as both systematic and long term trend following using two low correlated systematic trading programs. The AIP Program is designed with the objective of producing positive alpha over a 2 to 3 year time frame regardless of economic conditions and market trends. The portfolio would be defined as broadly diversified among a variety of market complexes available for trading in the major futures exchanges through out the world.
Risk Management
The risk to capital from the individual trading positions, portfolios of each of the Sub-Programs the Sub-Programs and over all market volatility are factors included in the process of managing risk and loss to investment capital.
