AFB LLC : FortyEighters II Gold Program

archived programs
Year-to-Date
N / A
Aug Performance
19.81%
Min Investment
$ 50k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
60.98%
Sharpe (RFR=1%)
0.45
CAROR
12.06%
Assets
$ 1.7M
Worst DD
-69.95
S&P Correlation
-0.07

Growth of 1,000 - VAMI

Monthly Performance

Export Data
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD DD

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Period Returns

Program / Index Aug Qtr YTD 1yr 3yr 5yr 10yr Since
7/2009
FortyEighters II Gold Program 19.81 - - - - - -3.24 60.72
S&P 500 -3.13 - - - - - 61.97 250.81
+/- S&P 500 22.94 - - - - - -65.21 -190.09

Strategy Description

Summary

The FORTYEIGHTERS II Gold Program is a “long-bias” program that employs discretionary futures and options trading strategies that seek to enable investors to participate in strong price moves to the upside while protecting positions (and mitigating losses) during market declines.... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 50k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $25.00
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency Daily
Redemption Frequency Daily
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 4000 RT/YR/$M
Avg. Margin-to-Equity 50%
Targeted Worst DD 24.18%
Worst Peak-to-Trough -28.44%
Sector Focus Financial & Metals Traders

Holding Periods

Over 12 Months 0%
4-12 Months 50.00%
1-3 Months 40.00%
1-30 Days 10.00%
Intraday 0%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Fundamental
30.00%
Technical
70.00%
Strategy Pie Chart

Composition

Precious Metals
100.00%
Composition Pie Chart

Summary

The FORTYEIGHTERS II Gold Program is a “long-bias” program that employs discretionary futures and options trading strategies that seek to enable investors to participate in strong price moves to the upside while protecting positions (and mitigating losses) during market declines.

Investment Strategy

A basic component of the Program consists of buying futures and buying put options to protect core positions. While risk can never be eliminated, the basic goal of the program is intended to mitigate the overall risk in the program’s core long bias. The Program may also incorporate an option writing (selling) strategy with the goal of profiting from time decay, offsetting some of the cost of the long put protection. The Program will maintain a long bias at all times. The Program’s goal is to capture as much of an upside move in the gold price as possible while mitigating the risk of gold price declines. Individual account performance will vary depending on the timing of entry into the program. Depending on liquidity, option orders will either be placed directly to the Comex Gold pit or placed electronically.

Risk Management

Positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.

   

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Reward
Average RoR:
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Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:
Reward
Compound RoR:
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Average Gain:
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Risk
Standard Deviation:
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Sharpe Ratio: (RF=1%)
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Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Note: Figures shown in the Monthly column are the greatest figures (or worst for losses/drawdowns) for any particular month. The Annual figures are the greatest for any calendar year.

Drawdown Report

Depth Length (Mos.) Recovery (Mos.) Peak Valley
-69.95 22 - 8/1/2011 6/1/2013
-28.90 2 2 4/1/2011 6/1/2011
-28.46 4 6 11/1/2009 3/1/2010
-21.22 3 3 10/1/2010 1/1/2011
-10.23 2 1 1/1/0001 8/1/2009
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Consecutive Gains

Run-up Length (Mos.) Start End
111.96 2 7/1/2011 8/1/2011
86.01 3 9/1/2009 11/1/2009
69.46 3 8/1/2010 10/1/2010
45.75 2 7/1/2013 8/1/2013
35.26 3 4/1/2010 6/1/2010
26.05 1 2/1/2011 2/1/2011
18.75 1 4/1/2011 4/1/2011
16.52 1 4/1/2013 4/1/2013
14.72 2 10/1/2011 11/1/2011
14.29 2 1/1/2012 2/1/2012
7.70 1 12/1/2012 12/1/2012
5.03 1 12/1/2010 12/1/2010
4.16 1 5/1/2012 5/1/2012
0.65 1 9/1/2012 9/1/2012
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Consecutive Losses

Run-up Length (Mos.) Start End
-42.50 3 1/1/2013 3/1/2013
-28.90 2 5/1/2011 6/1/2011
-28.46 4 12/1/2009 3/1/2010
-26.68 3 6/1/2012 8/1/2012
-24.18 1 7/1/2010 7/1/2010
-22.71 2 5/1/2013 6/1/2013
-22.65 1 9/1/2011 9/1/2011
-18.97 1 1/1/2011 1/1/2011
-18.78 2 10/1/2012 11/1/2012
-11.54 2 3/1/2012 4/1/2012
-10.23 2 7/1/2009 8/1/2009
-7.43 1 11/1/2010 11/1/2010
-3.80 1 12/1/2011 12/1/2011
-0.54 1 3/1/2011 3/1/2011
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year
Number of Periods50.0048.0045.0039.0033.0027.0015.00
Percent Profitable48.0052.0862.2266.6769.7070.3773.33
Average Period Return2.365.477.9623.9145.2968.6356.68
Average Gain16.7625.4329.8958.5784.89112.6181.66
Average Loss-10.92-16.22-28.18-45.41-45.77-35.82-12.04
Best Period57.9086.0180.94120.94195.29308.80218.52
Worst Period-24.18-42.50-49.70-65.38-64.80-56.20-31.75
Standard Deviation17.6027.9634.0855.3273.7694.3180.19
Gain Standard Deviation13.4724.0821.1928.0748.1876.5979.80
Loss Standard Deviation7.629.6514.4215.5321.1915.2414.01
Sharpe Ratio (1%)0.130.190.220.410.590.710.67
Average Gain / Average Loss1.531.571.061.291.853.146.78
Profit / Loss Ratio1.421.701.752.584.277.4718.66
Downside Deviation (10%)9.7913.7420.7130.3531.3926.3116.12
Downside Deviation (5%)9.5913.1419.6128.1428.2822.019.99
Downside Deviation (0%)9.5412.9919.3427.5927.5220.998.82
Sortino Ratio (10%)0.200.310.260.621.202.222.54
Sortino Ratio (5%)0.240.400.380.811.553.035.37
Sortino Ratio (0%)0.250.420.410.871.653.276.42

Top Performer Badges

Index Award Type Rank Performance Period

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.