Alder Capital DAC : Alder Global 20

Year-to-Date
8.39%
Apr Performance
-0.29%
Min Investment
$ 2,500k
Mgmt. Fee
1.25%
Perf. Fee
12.50%
Annualized Vol
15.21%
Sharpe (RFR=1%)
0.33
CAROR
4.94%
Assets
$ 211.0M
Worst DD
-28.51
S&P Correlation
-0.03

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 Apr Qtr YTD 1yr 3yr 5yr 10yr Since
2/2001
Alder Global 20 -0.29 -6.99 -8.39 -15.43 -16.76 4.65 5.36 141.11
S&P 500 3.93 8.94 17.51 11.24 41.19 54.79 234.05 135.14
+/- S&P 500 -4.22 -15.93 -25.90 -26.68 -57.95 -50.13 -228.69 5.97

Strategy Description

Summary

The Alder Global 20 is a fully systematic managed futures trading program, which invests in currencies only. The system seeks to benefit from medium to long-term currency trends. The returns of this program are uncorrelated with both traditional... Read More

Account & Fees

Type
Fund
Minimum Investment
$ 2,500k
Trading Level Incremental Increase
$ 50k
CTA Max Funding Factor
1.00
Management Fee
1.25%
Performance Fee
12.50%
Average Commission
$0
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
143 RT/YR/$M
Avg. Margin-to-Equity
15%
Targeted Worst DD
Worst Peak-to-Trough
0%
Sector Focus
Currency Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
0%
1-30 Days
100.00%
Intraday
0%

Decision-Making

Discretionary
0%
Systematic
100.00%

Strategy

Trend-following
71.00%
Other
29.00%
Strategy Pie Chart

Composition

Currency FX
100.00%
Composition Pie Chart

Summary

The Alder Global 20 is a fully systematic managed futures trading program, which invests in currencies only. The system seeks to benefit from medium to long-term currency trends. The returns of this program are uncorrelated with both traditional market indices and also with other alternative investments making it an ideal product to add real diversification to most investor's portfolios. For those investors seeking to diversify a portfolio using a less aggressive strategy, Alder Global 10 is a more conservative, lower volatility investment program.

Investment Strategy

The strategy uses OTC spot and forward foreign exchange contracts in the following currencies; EUR, USD, JPY, GBP, AUD, CAD, and SEK.

Risk Management

Alder Capital uses it's own unique proprietary volatility forecasting system to manage the risk of the FX portfolio.

   

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:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:
Reward
Compound RoR:
Average RoR:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:

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
-28.51 15 27 5/1/2003 8/1/2004
-22.11 8 4 12/1/2013 8/1/2014
-21.42 12 20 4/1/2011 4/1/2012
-20.74 47 - 5/1/2015 4/1/2019
-16.33 4 19 4/1/2008 8/1/2008
-8.20 1 7 1/1/2007 2/1/2007
-7.86 3 1 8/1/2001 11/1/2001
-6.80 3 1 1/1/2002 4/1/2002
-5.14 2 3 3/1/2001 5/1/2001
-3.46 4 2 6/1/2002 10/1/2002
-3.39 2 1 11/1/2010 1/1/2011
-2.60 1 1 1/1/2003 2/1/2003
-2.50 1 2 11/1/2007 12/1/2007
-1.70 1 1 2/1/2011 3/1/2011
-1.50 1 3 7/1/2010 8/1/2010
-0.70 1 1 1/1/2015 2/1/2015
-0.70 1 3 3/1/2010 4/1/2010
-0.40 1 1 3/1/2015 4/1/2015
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Consecutive Gains

Run-up Length (Mos.) Start End
36.25 5 9/1/2014 1/1/2015
21.33 3 3/1/2003 5/1/2003
20.67 3 11/1/2006 1/1/2007
17.88 3 1/1/2008 3/1/2008
17.34 3 5/1/2012 7/1/2012
17.10 4 9/1/2013 12/1/2013
17.07 2 5/1/2002 6/1/2002
16.14 2 12/1/2001 1/1/2002
15.41 3 11/1/2002 1/1/2003
13.52 4 9/1/2004 12/1/2004
13.31 2 10/1/2005 11/1/2005
12.84 3 5/1/2017 7/1/2017
12.64 6 12/1/2008 5/1/2009
12.57 2 2/1/2001 3/1/2001
11.47 6 10/1/2009 3/1/2010
10.09 3 5/1/2005 7/1/2005
9.10 1 4/1/2011 4/1/2011
8.95 3 11/1/2011 1/1/2012
8.90 4 11/1/2017 2/1/2018
8.89 2 1/1/2016 2/1/2016
8.80 1 7/1/2011 7/1/2011
8.74 4 8/1/2007 11/1/2007
8.60 1 3/1/2013 3/1/2013
8.57 2 11/1/2003 12/1/2003
8.10 1 8/1/2006 8/1/2006
7.53 2 11/1/2012 12/1/2012
7.53 2 2/1/2005 3/1/2005
7.05 3 4/1/2006 6/1/2006
6.19 3 3/1/2007 5/1/2007
5.59 3 4/1/2016 6/1/2016
5.57 2 9/1/2008 10/1/2008
5.10 1 7/1/2009 7/1/2009
4.97 1 12/1/2018 12/1/2018
4.80 1 1/1/2006 1/1/2006
4.72 3 2/1/2004 4/1/2004
4.40 1 11/1/2015 11/1/2015
4.30 1 2/1/2011 2/1/2011
4.30 1 5/1/2015 5/1/2015
4.20 1 8/1/2001 8/1/2001
3.90 1 2/1/2017 2/1/2017
2.80 1 10/1/2018 10/1/2018
2.70 1 6/1/2001 6/1/2001
2.70 1 7/1/2015 7/1/2015
2.41 3 5/1/2010 7/1/2010
2.40 1 3/1/2015 3/1/2015
2.30 1 7/1/2004 7/1/2004
2.20 1 9/1/2017 9/1/2017
2.10 1 11/1/2010 11/1/2010
1.10 2 6/1/2013 7/1/2013
0.90 1 9/1/2010 9/1/2010
0.80 1 9/1/2003 9/1/2003
0.70 1 10/1/2001 10/1/2001
0.06 1 8/1/2018 8/1/2018
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Consecutive Losses

Run-up Length (Mos.) Start End
-22.11 8 1/1/2014 8/1/2014
-16.33 5 4/1/2008 8/1/2008
-16.27 3 6/1/2003 8/1/2003
-14.16 2 5/1/2011 6/1/2011
-14.00 7 7/1/2016 1/1/2017
-13.62 3 2/1/2012 4/1/2012
-12.73 3 8/1/2012 10/1/2012
-12.54 2 5/1/2004 6/1/2004
-12.42 5 3/1/2018 7/1/2018
-10.60 3 8/1/2011 10/1/2011
-9.51 2 2/1/2006 3/1/2006
-9.10 1 1/1/2005 1/1/2005
-8.39 4 1/1/2019 4/1/2019
-8.22 3 8/1/2015 10/1/2015
-8.20 1 2/1/2007 2/1/2007
-7.97 2 9/1/2006 10/1/2006
-7.80 1 8/1/2004 8/1/2004
-7.30 1 9/1/2001 9/1/2001
-6.98 2 8/1/2009 9/1/2009
-6.80 1 1/1/2004 1/1/2004
-6.80 3 2/1/2002 4/1/2002
-6.31 1 11/1/2018 11/1/2018
-5.40 1 12/1/2015 12/1/2015
-5.14 2 4/1/2001 5/1/2001
-4.90 1 6/1/2009 6/1/2009
-4.86 2 3/1/2017 4/1/2017
-4.60 1 3/1/2016 3/1/2016
-4.40 1 6/1/2015 6/1/2015
-3.60 1 8/1/2013 8/1/2013
-3.46 4 7/1/2002 10/1/2002
-3.39 2 12/1/2010 1/1/2011
-3.27 2 4/1/2013 5/1/2013
-3.10 1 10/1/2003 10/1/2003
-2.70 1 10/1/2017 10/1/2017
-2.60 1 2/1/2003 2/1/2003
-2.50 1 12/1/2007 12/1/2007
-2.50 1 7/1/2006 7/1/2006
-2.40 1 8/1/2017 8/1/2017
-2.40 1 4/1/2005 4/1/2005
-2.30 2 8/1/2005 9/1/2005
-2.10 1 12/1/2005 12/1/2005
-1.70 1 3/1/2011 3/1/2011
-1.50 1 8/1/2010 8/1/2010
-1.40 1 11/1/2008 11/1/2008
-1.33 1 9/1/2018 9/1/2018
-1.30 1 11/1/2001 11/1/2001
-1.30 2 1/1/2013 2/1/2013
-0.70 1 2/1/2015 2/1/2015
-0.70 1 4/1/2010 4/1/2010
-0.40 1 4/1/2015 4/1/2015
-0.30 1 10/1/2010 10/1/2010
-0.20 2 6/1/2007 7/1/2007
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods219.00217.00214.00208.00202.00196.00184.00172.00160.00
Percent Profitable52.5156.2263.5563.4669.8072.9680.9890.7095.63
Average Period Return0.501.452.895.919.1012.0317.1524.5031.95
Average Gain3.766.638.6513.4016.4919.0722.6727.8933.58
Average Loss-3.21-5.20-7.15-7.08-8.00-6.99-6.35-8.52-3.55
Best Period13.2023.1335.7142.7366.8664.5272.3768.3378.18
Worst Period-10.30-16.27-19.87-21.42-21.89-21.65-16.76-17.42-7.69
Standard Deviation4.397.529.8112.7114.9916.7218.1518.9821.29
Gain Standard Deviation3.005.226.819.2611.3213.8215.4916.4620.32
Loss Standard Deviation2.383.934.925.135.244.655.175.272.21
Sharpe Ratio (1%)0.090.160.240.390.510.600.781.081.26
Average Gain / Average Loss1.171.281.211.892.062.733.573.279.46
Profit / Loss Ratio1.341.642.113.294.777.3615.2131.91206.75
Downside Deviation (10%)2.934.986.537.989.239.7811.1011.3711.33
Downside Deviation (5%)2.754.445.485.785.965.264.684.151.96
Downside Deviation (0%)2.704.305.235.285.244.353.553.030.86
Sortino Ratio (10%)0.030.050.060.110.160.180.130.260.38
Sortino Ratio (5%)0.150.270.440.851.281.903.024.9213.73
Sortino Ratio (0%)0.180.340.551.121.742.764.838.0937.30

Top Performer Badges

Index Award Type Rank Performance Period
Systematic Trader Index Month 8 6.50 10/2014
Trend Following Strategy Index Month 10 6.50 10/2014
Trend Following Strategy Index Month 9 7.60 11/2013
IASG CTA Index Month 4 8.60 3/2013
Trend Following Strategy Index Month 4 8.60 3/2013
Systematic Trader Index Month 5 8.60 3/2013
Trend Following Strategy Index Month 10 3.00 11/2012
Trend Following Strategy Index Month 10 10.40 7/2012
Trend Following Strategy Index Month 4 3.80 6/2012
Trend Following Strategy Index Month 2 6.80 12/2011
Systematic Trader Index Month 7 6.80 12/2011
Trend Following Strategy Index Month 6 2.00 11/2010
Trend Following Strategy Index Month 4 4.00 12/2009
Systematic Trader Index Month 8 4.00 12/2009
Trend Following Strategy Index Month 9 5.20 7/2009
Trend Following Strategy Index Month 4 3.40 4/2009
Trend Following Strategy Index Month 3 2.50 3/2009
Trend Following Strategy Index Month 6 5.20 1/2009
Trend Following Strategy Index Month 6 6.90 3/2008
Systematic Trader Index Month 10 6.90 3/2008
Trend Following Strategy Index Month 6 1.50 3/2007
IASG CTA Index Month 10 10.00 11/2006
Systematic Trader Index Month 4 10.00 11/2006
Trend Following Strategy Index Month 4 10.00 11/2006
IASG CTA Index Month 4 7.80 8/2006
Trend Following Strategy Index Month 2 7.80 8/2006
Systematic Trader Index Month 4 7.80 8/2006
Systematic Trader Index Month 6 3.10 6/2006
Trend Following Strategy Index Month 2 3.10 6/2006
Trend Following Strategy Index Month 2 5.80 10/2005
Systematic Trader Index Month 4 5.80 10/2005
IASG CTA Index Month 5 5.80 10/2005
Trend Following Strategy Index Month 10 3.40 7/2005
Trend Following Strategy Index Month 10 4.50 3/2005
Systematic Trader Index Month 10 4.50 3/2005
Trend Following Strategy Index Month 5 4.26 12/2004
Systematic Trader Index Month 5 4.26 12/2004
IASG CTA Index Month 7 4.26 12/2004
Trend Following Strategy Index Month 5 0.15 4/2004
Trend Following Strategy Index Month 9 0.97 11/2003
Trend Following Strategy Index Month 8 5.29 4/2003
Systematic Trader Index Month 9 5.29 4/2003
IASG CTA Index Month 6 3.47 3/2003
Trend Following Strategy Index Month 2 3.47 3/2003
Systematic Trader Index Month 3 3.47 3/2003
Trend Following Strategy Index Month 9 1.01 11/2002
Trend Following Strategy Index Month 7 -0.76 10/2002
Trend Following Strategy Index Month 10 8.08 5/2002
IASG CTA Index Month 9 2.47 1/2002
Systematic Trader Index Month 6 2.47 1/2002
Trend Following Strategy Index Month 5 2.47 1/2002
Trend Following Strategy Index Month 2 12.52 12/2001
Systematic Trader Index Month 2 12.52 12/2001
IASG CTA Index Month 3 12.52 12/2001
Trend Following Strategy Index Month 4 -1.28 11/2001
Trend Following Strategy Index Month 8 2.53 6/2001
Systematic Trader Index Month 10 2.53 6/2001

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