Non Correlated Capital Need help with terms? Australia Type: Commodity Pool Operator (CPO)Commodity Trading Advisor (CTA) Registrations: NFA ID: 0438073ASIC Program Past 12 Months May YTD CAROR WDD AUM Min Inv Visits Positive Theta Fund 23.65 -24.90 $ 50k 20763 Positive Theta Program 15.54 -29.04 $ 250k 20983 Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. CTA Introduction Positive Theta Fund utilises an aggressive long/short volatility strategy. Tactical allocation remains flexible and can be adjusted to benefit from expansion in market volatility as well as the typical volatility compression that occurs when markets remain range-bound for long periods of time. Fund capital is deployed across two systems - the "Core System" and the "Macro System". The Core System presides over the energy market complex and utilises hedging and risk management methods appropriate for those markets. The Macro System contains a subset of ten strategies with broad exposure to twenty six of the most liquid futures contracts. The Macro System derives benefit from strategic diversification and attention to inter-market correlation. In combination, the Core System and the Macro System has provided Positive Theta Fund with solid returns, since inception, though a diverse range of market conditions. Principle Biographies: Troy Burns, AFMA Dip Fin, Dip Civ Eng: Troy is a co-founder and Director of NCC. Troy has a civil engineering background. He founded a company, “Burns Civil Pty Ltd”, which provided civil engineering design services to companies such as BHP Billiton, Rio Tinto, GHD and Bechtel. Troy has been a proprietary private trader for over 10 years, having specialised in futures and option contracts. Through the practical application of his ideas, Troy became pivotal in the development of the strategies now traded by the Advisor. Troy’s systematic and procedural mind set makes him a primary asset in the management of new investment and growth strategies for NCC. Kevin Saunders, A Fin, Dip Fin. Markets (Dux): Kevin is a co-founder and Director of NCC. Educated through FINSIA, (an Australian financial services industry association), Kevin was awarded the Victorian Dux (an award for the best course mark in the state) and was the national subject prize winner for “Derivatives: Applying theory to Practice”. Kevin has been a private trader since 1999. In 2001, Kevin founded a private business, “Know the Ropes” for the purpose of providing financial consultation and content creation. Since 2001, Kevin has worked closely with several trader education companies and associations as a content provider and speaker. Over the last ten years, Kevin has gained extensive experience in risk management, trade planning and execution, money management and trading system design. This knowledge has seen practical application in the market place both with his own capital and with capital managed by the Advisor.