Angle Capital Management LLC : AIP Program

archived programsClosed to new investments
Year-to-Date
N / A
Aug Performance
4.84%
Min Investment
$ 100k
Mgmt. Fee
1.50%
Perf. Fee
20.00%
Annualized Vol
25.24%
Sharpe (RFR=1%)
0.07
CAROR
-0.30%
Assets
$ 19.9M
Worst DD
-56.89
S&P Correlation
-0.12

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
1/2010
AIP Program 4.84 -0.94 - -13.68 -46.04 -20.21 - -2.54
S&P 500 3.03 7.25 - 16.39 45.64 75.89 - 167.42
+/- S&P 500 1.81 -8.20 - -30.07 -91.68 -96.10 - -169.96

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... Read More

Account & Fees

Type
Fund
Minimum Investment
$ 100k
Trading Level Incremental Increase
$ 0k
CTA Max Funding Factor
Management Fee
1.50%
Performance Fee
20.00%
Average Commission
$7.00
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
2000 RT/YR/$M
Avg. Margin-to-Equity
20%
Targeted Worst DD
-20.00%
Worst Peak-to-Trough
-6.58%
Sector Focus
Diversified Traders

Holding Periods

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

Decision-Making

Discretionary
0%
Systematic
100.00%

Strategy

Trend-following
100.00%
Strategy Pie Chart

Composition

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.

   

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
-56.89 29 - 2/1/2016 7/1/2018
-33.64 15 15 5/1/2012 8/1/2013
-20.23 3 8 3/1/2015 6/1/2015
-17.32 1 7 9/1/2011 10/1/2011
-10.55 2 1 4/1/2011 6/1/2011
-8.84 1 3 10/1/2010 11/1/2010
-7.75 1 1 2/1/2011 3/1/2011
-6.58 1 4 1/1/0001 1/1/2010
-2.59 1 1 1/1/2015 2/1/2015
-0.05 1 1 8/1/2010 9/1/2010
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Consecutive Gains

Run-up Length (Mos.) Start End
56.89 6 8/1/2014 1/1/2015
46.45 3 7/1/2011 9/1/2011
27.62 4 9/1/2013 12/1/2013
22.97 4 5/1/2010 8/1/2010
16.87 2 1/1/2016 2/1/2016
16.58 1 1/1/2018 1/1/2018
16.27 3 12/1/2010 2/1/2011
12.45 2 1/1/2012 2/1/2012
11.79 1 11/1/2015 11/1/2015
11.37 1 5/1/2012 5/1/2012
9.71 1 4/1/2011 4/1/2011
9.19 2 6/1/2016 7/1/2016
7.47 2 12/1/2012 1/1/2013
6.96 1 7/1/2015 7/1/2015
6.38 1 10/1/2010 10/1/2010
6.24 1 9/1/2015 9/1/2015
6.17 2 2/1/2010 3/1/2010
5.58 1 2/1/2014 2/1/2014
5.42 1 7/1/2012 7/1/2012
5.15 2 10/1/2017 11/1/2017
4.84 1 11/1/2011 11/1/2011
4.84 1 8/1/2018 8/1/2018
4.67 1 5/1/2014 5/1/2014
4.19 1 3/1/2015 3/1/2015
2.69 1 2/1/2017 2/1/2017
2.24 1 5/1/2015 5/1/2015
1.78 1 4/1/2017 4/1/2017
1.61 1 4/1/2018 4/1/2018
1.44 1 4/1/2013 4/1/2013
0.76 1 12/1/2016 12/1/2016
0.60 1 6/1/2018 6/1/2018
0.20 1 9/1/2012 9/1/2012
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Consecutive Losses

Run-up Length (Mos.) Start End
-26.64 5 5/1/2017 9/1/2017
-24.73 4 8/1/2016 11/1/2016
-19.00 1 6/1/2012 6/1/2012
-17.32 1 10/1/2011 10/1/2011
-13.83 1 6/1/2015 6/1/2015
-13.64 3 3/1/2016 5/1/2016
-13.63 2 10/1/2012 11/1/2012
-13.31 2 2/1/2018 3/1/2018
-12.30 2 3/1/2014 4/1/2014
-12.08 4 5/1/2013 8/1/2013
-10.55 2 5/1/2011 6/1/2011
-9.62 1 1/1/2014 1/1/2014
-9.46 1 4/1/2015 4/1/2015
-8.84 1 11/1/2010 11/1/2010
-8.50 1 5/1/2018 5/1/2018
-8.36 1 12/1/2015 12/1/2015
-7.76 1 1/1/2017 1/1/2017
-7.75 1 3/1/2011 3/1/2011
-6.58 1 1/1/2010 1/1/2010
-6.26 1 3/1/2017 3/1/2017
-6.14 1 10/1/2015 10/1/2015
-6.08 1 7/1/2018 7/1/2018
-5.87 2 3/1/2012 4/1/2012
-3.43 1 8/1/2012 8/1/2012
-2.98 2 2/1/2013 3/1/2013
-2.60 1 12/1/2017 12/1/2017
-2.59 1 2/1/2015 2/1/2015
-1.68 2 6/1/2014 7/1/2014
-0.97 1 8/1/2015 8/1/2015
-0.67 1 12/1/2011 12/1/2011
-0.49 1 4/1/2010 4/1/2010
-0.05 1 9/1/2010 9/1/2010
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods104.00102.0099.0093.0087.0081.0069.0057.0045.00
Percent Profitable50.9646.0848.4851.6149.4355.5666.6771.9351.11
Average Period Return0.240.711.592.774.886.468.3414.8821.61
Average Gain5.9811.2816.8924.0234.1635.2625.9528.5461.14
Average Loss-5.72-8.32-12.81-19.90-23.73-29.54-26.87-20.12-19.73
Best Period16.5846.4556.8959.0482.8378.7164.6569.43125.49
Worst Period-19.00-20.23-30.05-44.63-49.36-54.28-50.50-34.07-32.77
Standard Deviation7.2912.5018.0325.6134.4437.9031.1427.4147.05
Gain Standard Deviation4.409.6312.3614.2221.5722.5318.2518.0932.13
Loss Standard Deviation4.255.737.5411.7014.9315.6419.2810.737.43
Sharpe Ratio (1%)0.020.040.060.070.100.120.170.390.35
Average Gain / Average Loss1.041.361.321.211.441.190.971.423.10
Profit / Loss Ratio1.091.161.241.291.411.491.933.633.24
Downside Deviation (10%)5.218.1612.2119.1024.6528.5527.3023.6633.87
Downside Deviation (5%)5.027.5510.9516.6220.7923.4120.4113.9618.09
Downside Deviation (0%)4.977.4010.6416.0119.8722.2218.9512.0014.70
Sortino Ratio (10%)-0.03-0.06-0.07-0.12-0.11-0.13-0.27-0.28-0.18
Sortino Ratio (5%)0.030.060.100.110.160.190.260.770.91
Sortino Ratio (0%)0.050.100.150.170.250.290.441.241.47

Top Performer Badges

Index Award Type Rank Performance Period
Trend Following Strategy Index Month 10 1.61 4/2018
Trend Following Strategy Index Month 10 1.61 4/2018
IASG CTA Index Month 3 16.58 1/2018
Trend Following Strategy Index Month 3 16.58 1/2018
Systematic Trader Index Month 3 16.58 1/2018
Diversified Trader Index Month 3 16.58 1/2018
Trend Following Strategy Index Month 7 1.78 4/2017
Systematic Trader Index Month 6 10.97 1/2016
Trend Following Strategy Index Month 5 10.97 1/2016
Diversified Trader Index Month 5 10.97 1/2016
IASG CTA Index Month 4 10.97 1/2016
IASG CTA Index Month 5 11.79 11/2015
Trend Following Strategy Index Month 7 11.79 11/2015
Diversified Trader Index Month 7 11.79 11/2015
Systematic Trader Index Month 8 11.79 11/2015
Trend Following Strategy Index Month 10 6.24 9/2015
Systematic Trader Index Month 10 10.11 8/2014
Diversified Trader Index Month 9 10.11 8/2014
Trend Following Strategy Index Month 9 10.11 8/2014
IASG CTA Index Month 8 9.51 11/2013
Systematic Trader Index Month 7 9.51 11/2013
Diversified Trader Index Month 7 9.51 11/2013
Trend Following Strategy Index Month 7 9.51 11/2013
Diversified Trader Index Month 5 14.35 10/2013
IASG CTA Index Month 5 14.35 10/2013
Systematic Trader Index Month 3 14.35 10/2013
Trend Following Strategy Index Month 3 14.35 10/2013
Trend Following Strategy Index Month 10 5.51 1/2012
Trend Following Strategy Index Month 9 9.62 9/2011
Trend Following Strategy Index Month 6 15.81 8/2011
IASG CTA Index Month 9 15.81 8/2011
Systematic Trader Index Month 9 15.81 8/2011
Diversified Trader Index Month 5 15.81 8/2011
Trend Following Strategy Index Month 6 15.36 7/2011
Systematic Trader Index Month 6 15.36 7/2011
Diversified Trader Index Month 6 15.36 7/2011
IASG CTA Index Month 8 15.36 7/2011
Trend Following Strategy Index Month 10 5.17 2/2010

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