Aventis Asset Management LLC : Aventis Diversified Commodity Fund (Barbarian Program)

Year-to-Date
7.64%
Oct Performance
1.64%
Min Investment
$ 8,000k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
10.95%
Sharpe (RFR=1%)
0.54
CAROR
6.52%
Assets
$ 53.0M
Worst DD
-21.89
S&P Correlation
0.09

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 Oct Qtr YTD 1yr 3yr 5yr 10yr Since
9/2006
Aventis Diversified Commodity Fund (Barbarian Program) 1.64 2.56 7.64 3.73 -6.78 -10.50 18.90 129.68
S&P 500 2.04 1.92 21.16 12.01 41.41 48.99 190.12 125.04
+/- S&P 500 -0.40 0.65 -13.52 -8.28 -48.19 -59.49 -171.21 4.64

Strategy Description

Summary

Aventis Asset Management is a fundamental, discretionary commodity manager. We are tactical, opportunistic, research driven, and seasoned with experience in all market conditions. With an institutionalized back office, risk management process, and business infrastructure, Aventis... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 8,000k
Trading Level Incremental Increase
$ 0k
CTA Max Funding Factor
1.00
Management Fee
2.00%
Performance Fee
20.00%
Average Commission
$0
Available to US Investors
Yes

Subscriptions

High Water Mark
Yes
Subscription Frequency
1-7 Days
Redemption Frequency
1-7 Days
Investor Requirements
QEP
Lock-up Period
0

Trading

Trading Frequency
3200 RT/YR/$M
Avg. Margin-to-Equity
10%
Targeted Worst DD
Worst Peak-to-Trough
20.87%
Sector Focus
Diversified Traders

Holding Periods

Over 12 Months
0%
4-12 Months
30.00%
1-3 Months
60.00%
1-30 Days
10.00%
Intraday
0%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
100.00%
Strategy Pie Chart

Composition

Energy
38.00%
Grains
36.00%
Softs
16.00%
Livestock
7.00%
Industrial Metals
3.00%
Composition Pie Chart

Summary

Aventis Asset Management is a fundamental, discretionary commodity manager. We are tactical, opportunistic, research driven, and seasoned with experience in all market conditions. With an institutionalized back office, risk management process, and business infrastructure, Aventis has been able to provide positive uncorrelated risk adjusted annual returns for our investors since inception (Sept 2006). The Aventis team is comprised of 12 professionals with offices in the Chicago and New York. Mr. Paul Kim (CEO/Head Trader) has over 30 years of experience as a commercial cash trader with Cargill, an independent floor trader on the CBOT, and as a professional money manager. Aventis Diversified Commodity Fund employs a fundamental, discretionary strategy with a technical overlay and strictly trades exchange traded futures and options on futures in markets such as grains, energies, softs, meats and metals.

Investment Strategy

Aventis Diversified Commodity Fund employs a fundamental, discretionary strategy focused on trading physical commodity futures & options on futures. The trading edge is achieved through rigorous fundamental research and proprietary technical models overlaid with strict risk management policies on a position, sector, and portfolio basis. Approximately 40-50% of the strategy is spread based (relative value) including calendar, inter-market, inter-commodity and option spreads; 40-50% of the strategy is directional in nature utilizing futures, spreads, and options; and 5%-10% of the strategy is involved in short term trading. Mr. Paul Kim (CEO/Head Trader) is a seasoned trader and is able to execute on fundamental biases as well as incorporating technical analysis using many different strategies. Mr. Kim has over 30 years experience in the commercial and cash commodity business-first with Cargill as a cash grain trader for 7 years, then as an independent floor trader on the CBOT for 11years, and as a money manager for the past 10 years. Aventis Asset Management LLC has a diverse team of 12 professionals with offices in Chicago and New York.

Risk Management

Risk exposure is managed at multiple levels and across multiple time horizons. Maximum risk exposure (limit) as a percentage of NAV is establish for each new position, then on an aggregate basis for the fund portfolio as well as the overall strategy. Limits as a percentage of NAV are also set on a daily basis and monthly basis. Proprietary risk management software allows all traders to see PNL within trade, sector, and theme. In addition, Chief Risk Officer has authority to liquidate positions.

   

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
-21.89 88 - 8/1/2011 12/1/2018
-20.86 8 22 6/1/2008 2/1/2009
-4.76 2 1 11/1/2006 1/1/2007
-1.70 1 1 1/1/2008 2/1/2008
-1.36 1 2 5/1/2011 6/1/2011
-1.19 1 2 4/1/2007 5/1/2007
-0.29 1 1 1/1/2011 2/1/2011
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Consecutive Gains

Run-up Length (Mos.) Start End
68.30 8 6/1/2007 1/1/2008
23.31 4 3/1/2008 6/1/2008
18.20 4 3/1/2016 6/1/2016
16.40 6 8/1/2010 1/1/2011
12.31 3 4/1/2010 6/1/2010
12.08 3 2/1/2007 4/1/2007
10.16 3 3/1/2011 5/1/2011
9.75 3 9/1/2006 11/1/2006
6.54 5 5/1/2014 9/1/2014
5.73 2 9/1/2019 10/1/2019
5.48 1 3/1/2019 3/1/2019
5.20 3 6/1/2012 8/1/2012
4.66 3 1/1/2018 3/1/2018
4.61 4 3/1/2009 6/1/2009
4.20 2 6/1/2013 7/1/2013
3.65 1 2/1/2010 2/1/2010
3.46 2 12/1/2016 1/1/2017
3.32 1 7/1/2017 7/1/2017
3.28 1 1/1/2009 1/1/2009
2.83 2 12/1/2013 1/1/2014
2.77 2 9/1/2009 10/1/2009
2.25 1 1/1/2015 1/1/2015
2.21 1 1/1/2019 1/1/2019
2.11 2 1/1/2013 2/1/2013
1.76 2 7/1/2011 8/1/2011
1.70 1 12/1/2009 12/1/2009
1.67 2 9/1/2013 10/1/2013
1.38 2 10/1/2011 11/1/2011
1.32 3 3/1/2017 5/1/2017
1.04 2 3/1/2015 4/1/2015
1.03 1 4/1/2012 4/1/2012
0.95 1 11/1/2014 11/1/2014
0.84 1 7/1/2018 7/1/2018
0.70 1 9/1/2016 9/1/2016
0.65 2 1/1/2012 2/1/2012
0.63 1 5/1/2018 5/1/2018
0.52 1 4/1/2013 4/1/2013
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Consecutive Losses

Run-up Length (Mos.) Start End
-19.87 6 7/1/2008 12/1/2008
-11.83 10 5/1/2015 2/1/2016
-9.60 5 8/1/2018 12/1/2018
-6.51 2 7/1/2016 8/1/2016
-6.37 1 6/1/2018 6/1/2018
-5.95 4 9/1/2012 12/1/2012
-5.52 1 5/1/2013 5/1/2013
-5.23 5 4/1/2019 8/1/2019
-4.86 2 10/1/2016 11/1/2016
-4.76 2 12/1/2006 1/1/2007
-4.69 5 8/1/2017 12/1/2017
-4.37 1 2/1/2009 2/1/2009
-4.29 3 2/1/2014 4/1/2014
-3.86 2 7/1/2009 8/1/2009
-3.82 1 3/1/2010 3/1/2010
-3.57 1 9/1/2011 9/1/2011
-3.10 1 12/1/2011 12/1/2011
-2.74 1 8/1/2013 8/1/2013
-2.60 1 6/1/2017 6/1/2017
-2.55 1 12/1/2014 12/1/2014
-2.51 1 5/1/2012 5/1/2012
-2.35 1 2/1/2017 2/1/2017
-2.15 1 10/1/2014 10/1/2014
-1.87 1 11/1/2009 11/1/2009
-1.70 1 2/1/2008 2/1/2008
-1.36 1 6/1/2011 6/1/2011
-1.28 1 7/1/2010 7/1/2010
-1.19 1 5/1/2007 5/1/2007
-0.63 1 11/1/2013 11/1/2013
-0.53 1 4/1/2018 4/1/2018
-0.43 1 3/1/2013 3/1/2013
-0.35 1 2/1/2019 2/1/2019
-0.33 1 3/1/2012 3/1/2012
-0.29 1 2/1/2011 2/1/2011
-0.15 1 2/1/2015 2/1/2015
-0.11 1 1/1/2010 1/1/2010
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods158.00156.00153.00147.00141.00135.00123.00111.0099.00
Percent Profitable55.0656.4154.9053.0647.5251.1150.4155.8654.55
Average Period Return0.581.743.727.8710.7711.4115.0221.8525.78
Average Gain2.625.7610.5319.9829.3128.0535.3045.1453.71
Average Loss-1.95-3.46-4.58-5.82-6.02-5.97-5.59-7.61-7.73
Best Period13.3531.7062.73101.80115.58120.4388.74137.02173.16
Worst Period-7.81-12.74-19.87-17.21-18.37-14.94-17.05-17.58-16.83
Standard Deviation3.166.9812.8623.4528.8926.8827.6541.8648.14
Gain Standard Deviation2.606.6513.5626.6632.9428.9025.9643.5450.25
Loss Standard Deviation1.612.574.284.184.283.993.544.563.74
Sharpe Ratio (1%)0.160.210.250.290.320.350.430.430.43
Average Gain / Average Loss1.341.662.303.434.874.706.315.936.95
Profit / Loss Ratio1.672.152.803.884.414.916.417.518.34
Downside Deviation (10%)1.903.535.578.0910.5012.1915.7320.5725.01
Downside Deviation (5%)1.722.974.455.476.266.256.578.359.03
Downside Deviation (0%)1.682.844.204.905.345.014.655.885.78
Sortino Ratio (10%)0.090.150.220.350.300.10-0.050.01-0.07
Sortino Ratio (5%)0.290.500.721.251.481.511.822.132.29
Sortino Ratio (0%)0.340.610.891.612.022.283.233.724.46

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.