Athena Pro Series : Athena Pro Series II Class C

archived programs
Year-to-Date
N / A
Dec Performance
2.56%
Min Investment
$ 100k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
27.37%
Sharpe (RFR=1%)
0.99
CAROR
26.13%
Assets
$ 0k
Worst DD
-68.03
S&P Correlation
0.14

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 Dec Qtr YTD 1yr 3yr 5yr 10yr Since
1/1999
Athena Pro Series II Class C 2.56 - - - - - -40.31 2,478.54
S&P 500 0.71 - - - - - 62.07 152.90
+/- S&P 500 1.85 - - - - - -102.39 2,325.65

Strategy Description

Summary

-Athena Pro Series Fund began trading in April 2005. Athena Pro Series II is a fund of fund construction designed solely for OFF-Shore U.S. investors. Note that performance prior to April 2005 is a track record proforma of a blend of CTAs that were considered for allocation in April... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 100k
Trading Level Incremental Increase $ 10k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $0
Available to US Investors No

Subscriptions

High Water Mark Yes
Subscription Frequency 15-30 Days
Redemption Frequency 15-30 Days
Investor Requirements QEP
Lock-up Period 0

Trading

Trading Frequency 0 RT/YR/$M
Avg. Margin-to-Equity 0%
Targeted Worst DD
Worst Peak-to-Trough 0%
Sector Focus Not Specified

Holding Periods

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

Decision-Making

Discretionary 0%
Systematic 0%

Strategy

Composition

Summary

-Athena Pro Series Fund began trading in April 2005. Athena Pro Series II is a fund of fund construction designed solely for OFF-Shore U.S. investors. Note that performance prior to April 2005 is a track record proforma of a blend of CTAs that were considered for allocation in April 2005. The trading idea is to generate steady monthly returns with low risk, as illustrate in the performance data. Its principal objective is to protect the principal, including will sacrifice potential profits and made every month consistent profits. This trading strategy is not dependent on market moves and is therefore suited to all types of market conditions. For example, instead of seeking to profit through the purchase of individual shares of stock, which are in the benchmark SP 500 Index, options are sold on the Index itself. When writing options on the SP 500 Index, the market can move up, down, or sideways within a specific range and still produce profits at, or as it nears, option expiration. Conversely, when buying stocks, the stock must move higher and/or pay good dividends to make the trade profitable. Athena Pro Series II C contains 2 CTAs trading different strategies and methodologies concentrating on U.S. stock indices. The aggressive program concentrates on short term arbitrage opportunities with positions open for less than one day and as many as 2-3 days. This Program trades big caps (SP 500), small caps (Russell 2000), and mid caps (Value Line and SP mid cap). Charts of these indexes and their spreads applying Bollinger Bands, and moving averages always looking for over-bought and over-sold conditions and trends on daily charts. The conservative program uses an approach to trading that relies heavily on selling or writing options on stock index futures. This program may also purchase options and may employ the use of hedge strategies such as option spreads, straddles, strangles or may purchase or sell futures to offset an open option position. The implementation of this trading program depends on both technical and fundamental considerations. The strategy typically utilizes an average of two to six week trade durations within given price levels while relying on charting techniques to identify trading ranges from one month to a year as well as seasonal and historical tendencies. Support and resistance levels for various time durations are also evaluated to assist in the entry and exit of positions. Prior to April 2005: This composite performance record is hypothetical and these trading advisors have not traded together in the manner shown in the composite. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any multi-advisor managed account or pool will or is likely to achieve a composite performance record similar to that shown. In fact, there are frequently sharp differences between a hypothetical composite performance record and the actual record subsequently achieved. One of the limitations of a hypothetical composite performance record is that decisions relating to the selection of trading advisors and the allocation of assets among those trading advisors were made with the benefit of hindsight based upon the historical rates of return of the selected trading advisors. Therefore, composite performance records invariably show positive rates of return. Another inherent limitation on these results is that the allocation decisions reflected in the performance record were not made under actual market conditions and, therefore, cannot completely account for the impact of financial risk in actual trading. Furthermore, the composite performance record may be distorted because the allocation of assets changes from time to time and these adjustments are not reflected in the composite.

   

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
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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
-68.03 35 - 9/1/2008 8/1/2011
-11.58 2 1 5/1/1999 7/1/1999
-8.61 1 1 11/1/2000 12/1/2000
-7.87 1 1 6/1/2007 7/1/2007
-6.90 2 2 4/1/2000 6/1/2000
-5.73 1 1 6/1/2003 7/1/2003
-4.97 4 5 4/1/2005 8/1/2005
-4.66 2 1 10/1/2003 12/1/2003
-4.51 1 3 1/1/2007 2/1/2007
-3.29 1 1 1/1/0001 1/1/1999
-2.52 1 1 10/1/1999 11/1/1999
-1.65 1 1 2/1/2000 3/1/2000
-0.53 1 1 12/1/2001 1/1/2002
-0.17 1 1 8/1/2004 9/1/2004
-0.07 1 1 8/1/2003 9/1/2003
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Consecutive Gains

Run-up Length (Mos.) Start End
133.53 12 1/1/2001 12/1/2001
116.29 17 2/1/2002 6/1/2003
87.22 3 12/1/1999 2/1/2000
56.02 5 7/1/2000 11/1/2000
43.94 8 1/1/2004 8/1/2004
43.01 3 8/1/1999 10/1/1999
39.82 14 8/1/2007 9/1/2008
31.71 4 2/1/1999 5/1/1999
23.93 5 8/1/2012 12/1/2012
21.84 3 9/1/2011 11/1/2011
21.39 6 10/1/2004 3/1/2005
19.43 17 9/1/2005 1/1/2007
14.75 1 4/1/2000 4/1/2000
11.54 1 12/1/2009 12/1/2009
8.31 4 3/1/2007 6/1/2007
8.23 4 1/1/2012 4/1/2012
6.71 2 6/1/2010 7/1/2010
6.41 3 10/1/2010 12/1/2010
6.40 1 8/1/2003 8/1/2003
5.60 1 10/1/2003 10/1/2003
3.21 1 6/1/2011 6/1/2011
2.60 1 2/1/2010 2/1/2010
2.47 2 2/1/2011 3/1/2011
0.86 1 8/1/2009 8/1/2009
0.38 1 5/1/2009 5/1/2009
0.34 1 10/1/2009 10/1/2009
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Consecutive Losses

Run-up Length (Mos.) Start End
-59.67 2 7/1/2011 8/1/2011
-28.39 7 10/1/2008 4/1/2009
-14.51 3 5/1/2012 7/1/2012
-11.58 2 6/1/1999 7/1/1999
-9.11 3 3/1/2010 5/1/2010
-8.61 1 12/1/2000 12/1/2000
-7.87 1 7/1/2007 7/1/2007
-6.90 2 5/1/2000 6/1/2000
-5.73 1 7/1/2003 7/1/2003
-5.05 1 11/1/2009 11/1/2009
-4.97 5 4/1/2005 8/1/2005
-4.66 2 11/1/2003 12/1/2003
-4.51 1 2/1/2007 2/1/2007
-3.29 1 1/1/1999 1/1/1999
-2.54 2 8/1/2010 9/1/2010
-2.52 1 11/1/1999 11/1/1999
-2.48 2 6/1/2009 7/1/2009
-1.98 1 12/1/2011 12/1/2011
-1.65 1 3/1/2000 3/1/2000
-1.29 2 4/1/2011 5/1/2011
-0.94 1 9/1/2009 9/1/2009
-0.61 1 1/1/2010 1/1/2010
-0.54 1 1/1/2011 1/1/2011
-0.53 1 1/1/2002 1/1/2002
-0.17 1 9/1/2004 9/1/2004
-0.07 1 9/1/2003 9/1/2003
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods168.00166.00163.00157.00151.00145.00133.00121.00109.00
Percent Profitable72.0278.3177.9181.5375.5073.1071.4384.3084.40
Average Period Return2.337.3615.6337.0863.57101.33188.89320.52475.14
Average Gain4.8412.1124.4252.5394.33149.30275.58389.65572.17
Average Loss-4.31-9.78-15.37-31.14-31.21-29.07-27.86-50.61-49.93
Best Period36.2487.21128.24206.92432.74654.311003.401752.132667.44
Worst Period-59.05-58.38-58.06-56.51-57.88-54.79-67.94-64.25-55.31
Standard Deviation7.9016.3629.4159.07102.93161.78289.46502.09739.13
Gain Standard Deviation5.7013.2025.7653.96100.35164.76301.53518.38766.39
Loss Standard Deviation9.2615.3018.5818.0217.5117.4119.7218.533.63
Sharpe Ratio (1%)0.280.430.510.610.600.610.640.630.64
Average Gain / Average Loss1.121.241.591.693.025.149.897.7011.46
Profit / Loss Ratio3.024.475.607.459.3113.9624.7341.3362.02
Downside Deviation (10%)5.338.7012.0217.3121.0522.3125.7330.3931.30
Downside Deviation (5%)5.268.4411.3915.7718.3118.4219.5222.8221.78
Downside Deviation (0%)5.248.3711.2415.3917.6517.5118.1621.2919.77
Sortino Ratio (10%)0.360.711.091.852.664.086.739.8414.30
Sortino Ratio (5%)0.430.841.332.293.395.399.5213.8721.58
Sortino Ratio (0%)0.440.881.392.413.605.7910.4015.0524.04

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.