Beann Capital : Honeybee Fund LP

archived programs
Year-to-Date
N / A
Dec Performance
3.29%
Min Investment
$ 100k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
40.13%
Sharpe (RFR=1%)
0.27
CAROR
4.81%
Assets
$ 4.9M
Worst DD
-35.33
S&P Correlation
-0.39

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
9/2014
Honeybee Fund LP 3.29 -5.40 - -16.36 47.43 - - 16.94
S&P 500 3.43 5.21 - 18.21 28.55 - - 34.19
+/- S&P 500 -0.14 -10.62 - -34.57 18.89 - - -17.25

Strategy Description

Summary

Roughly ten years ago, we developed the core piece of Honeybee, the machine learning algorithm currently in use at Beann Capital. It took three years of work to flesh it all out, and then another year to ‘teach’ it what the S&P 500 was, and how to trade it.

At that point,... Read More

Account & Fees

Type
Fund
Minimum Investment
$ 100k
Trading Level Incremental Increase
$ 25k
CTA Max Funding Factor
Management Fee
2.00%
Performance Fee
20.00%
Average Commission
$4.04
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
2500 RT/YR/$M
Avg. Margin-to-Equity
20%
Targeted Worst DD
30.00%
Worst Peak-to-Trough
-26.63%
Sector Focus
Stock Index Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
2.00%
1-30 Days
98.00%
Intraday
0%

Decision-Making

Discretionary
1.00%
Systematic
99.00%

Strategy

Technical
100.00%
Strategy Pie Chart

Composition

Stock Indices
100.00%
Composition Pie Chart

Summary

Roughly ten years ago, we developed the core piece of Honeybee, the machine learning algorithm currently in use at Beann Capital. It took three years of work to flesh it all out, and then another year to ‘teach’ it what the S&P 500 was, and how to trade it.

At that point, a proprietary trading group was formed and we began trading our own capital live. That account was traded from 2008 to 2014, at which point the results were encouraging enough (we quadrupled our initial investment) that the decision was made to make this available to a larger group, and Beann Capital was launched.

Initially, the company acted as an invitation-only commodity pool operator, offered to close friends, family, and associates. The underlying system was identical to what we had been using earlier in the proprietary group, only done through a different type of legal entity, and we had encouraging results in 2015. In early 2016 Beann Capital expanded its registration to become a CTA with the ability to offer access to Honeybee through separately managed futures accounts.

Investment Strategy

Honeybee is a proprietary machine learning algorithm that forms the basis of our trading decisions. It simultaneously tracks hundreds of indicators, trading strategies, and market measurements throughout the day, and synthesizes this information into a single "buy" or "sell" decision at the close.

Risk Management

Honeybee is a reversal system, and always holds a position in the market (long or short). We primarily manage risk by adjusting the size of these positions to appropriately reflect both the capital under management, as well as current market volatility. We also employ "catastrophe" stops to guard against unprecedented, once-in-a-lifetime market meltdown scenarios.

   

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
-35.33 22 - 1/1/2016 11/1/2017
-26.63 5 5 1/1/0001 1/1/2015
-17.62 3 1 8/1/2015 11/1/2015
-5.47 1 1 6/1/2015 7/1/2015
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Consecutive Gains

Run-up Length (Mos.) Start End
67.15 2 12/1/2015 1/1/2016
38.12 3 4/1/2015 6/1/2015
29.07 3 7/1/2016 9/1/2016
20.25 1 8/1/2015 8/1/2015
15.61 1 4/1/2017 4/1/2017
12.66 1 2/1/2015 2/1/2015
5.40 1 1/1/2017 1/1/2017
3.29 1 12/1/2017 12/1/2017
2.78 1 10/1/2014 10/1/2014
1.56 1 4/1/2016 4/1/2016
0.32 1 8/1/2017 8/1/2017
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Consecutive Losses

Run-up Length (Mos.) Start End
-23.92 2 2/1/2016 3/1/2016
-19.85 3 11/1/2014 1/1/2015
-17.62 3 9/1/2015 11/1/2015
-17.31 2 2/1/2017 3/1/2017
-16.53 3 10/1/2016 12/1/2016
-11.13 3 9/1/2017 11/1/2017
-10.94 1 9/1/2014 9/1/2014
-9.87 3 5/1/2017 7/1/2017
-5.47 1 7/1/2015 7/1/2015
-4.05 2 5/1/2016 6/1/2016
-2.03 1 3/1/2015 3/1/2015
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year
Number of Periods40.0038.0035.0029.0023.0017.00
Percent Profitable40.0044.7457.1465.5265.2294.12
Average Period Return0.993.498.4520.7629.3840.04
Average Gain11.5021.3125.1540.1152.4443.89
Average Loss-6.02-10.94-13.82-16.01-13.86-21.55
Best Period42.3258.6865.59138.61106.86100.85
Worst Period-18.17-22.74-27.25-28.39-27.47-21.55
Standard Deviation11.5820.3424.0240.0538.6835.73
Gain Standard Deviation11.1117.3017.7436.0726.1433.06
Loss Standard Deviation4.376.146.679.677.76
Sharpe Ratio (1%)0.080.160.330.490.721.06
Average Gain / Average Loss1.911.951.822.503.782.04
Profit / Loss Ratio1.271.582.434.767.0932.59
Downside Deviation (10%)5.9810.0811.4713.5313.418.32
Downside Deviation (5%)5.779.4310.2811.3510.025.73
Downside Deviation (0%)5.729.279.9810.849.235.23
Sortino Ratio (10%)0.100.220.521.161.623.58
Sortino Ratio (5%)0.160.340.771.742.786.64
Sortino Ratio (0%)0.170.380.851.923.187.66

Top Performer Badges

Index Award Type Rank Performance Period
Systematic Trader Index Month 1 15.61 4/2017
Stock Index Trader Index Month 1 15.61 4/2017

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