Bidwell Investments LLC : Global Macro Program

archived programs
Year-to-Date
N / A
Feb Performance
-2.54%
Min Investment
$ 250k
Mgmt. Fee
1.00%
Perf. Fee
20.00%
Annualized Vol
14.11%
Sharpe (RFR=1%)
-0.32
CAROR
-4.31%
Assets
$ 231k
Worst DD
-19.30
S&P Correlation
-0.06

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 Feb Qtr YTD 1yr 3yr 5yr 10yr Since
2/2014
Global Macro Program -2.54 -15.66 - -15.73 -13.04 - - -12.71
S&P 500 3.72 7.50 - 22.33 27.11 - - 27.11
+/- S&P 500 -6.26 -23.16 - -38.05 -40.16 - - -39.83

Strategy Description

Summary

We are a small, adaptable, analytical and research driven team aiming to return 15-20% per year. We use a discretionary strategy that blends long term trend following with short term momentum. Our strategy relies heavily on disciplined risk management and identifying favorable macroeconomic... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 250k
Trading Level Incremental Increase
$ 100k
CTA Max Funding Factor
Management Fee
1.00%
Performance Fee
20.00%
Average Commission
$0
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
72 RT/YR/$M
Avg. Margin-to-Equity
13%
Targeted Worst DD
-20.00%
Worst Peak-to-Trough
15.54%
Sector Focus
Currency Traders

Holding Periods

Over 12 Months
0%
4-12 Months
30.00%
1-3 Months
50.00%
1-30 Days
20.00%
Intraday
0%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
10.00%
Momentum
10.00%
Pattern Recognition
10.00%
Technical
20.00%
Trend-following
50.00%
Strategy Pie Chart

Composition

Currency Futures
70.00%
Precious Metals
15.00%
Energy
10.00%
Stock Indices
5.00%
Composition Pie Chart

Summary

We are a small, adaptable, analytical and research driven team aiming to return 15-20% per year. We use a discretionary strategy that blends long term trend following with short term momentum. Our strategy relies heavily on disciplined risk management and identifying favorable macroeconomic risk/reward opportunities.

Investment Strategy

Our discretionary strategy implements a combination of fundamental and technical analysis. Our fundamental analysis includes studying government accounts, central bank policies, and demographics. A fundamental view forms the idea for a position and we use technical analysis for idea confirmation and trade execution. Our technical analysis, relies heavily on chart-based tools, such as Fibonacci levels, trendlines, support & resistance as well as pattern recognition, such as price compression and price action. Once a fundamental perspective and technical view is developed, Bidwell crafts a trading plan (entry, risk, target profit) for execution.

Risk Management

The amount of risk taken on each initial position is typically between 0.15% to 0.3% of the total client account. On average 1-2 positions are in place at any given time, with no more than 5 positions allowed. Positions are generally scaled into as pre-established levels are reached, with each new position treated as a separate position carrying no more than the initial 0.15% to 0.3% of the total client account. If the position behaves in a favorable manner, risk is managed by either reducing the stop size, implementing a trailing stop, reducing the position size, exiting the total position, or a combination of the above. Only the most active and liquid futures contracts are traded to reduce liquidity risk. We also analyze a number of other risks on a daily basis, including but not limited to, leverage, concentration, stop loss, geo-political, systematic, and counter-party risk.

   

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
-19.30 23 - 3/1/2015 2/1/2017
-15.08 6 5 2/1/2014 8/1/2014
-0.33 1 1 1/1/2015 2/1/2015
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Consecutive Gains

Run-up Length (Mos.) Start End
19.92 4 10/1/2014 1/1/2015
10.64 1 11/1/2016 11/1/2016
6.16 1 3/1/2015 3/1/2015
5.15 1 11/1/2015 11/1/2015
3.38 1 5/1/2015 5/1/2015
2.94 1 2/1/2016 2/1/2016
0.89 1 7/1/2016 7/1/2016
0.68 1 4/1/2016 4/1/2016
0.38 1 2/1/2014 2/1/2014
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Consecutive Losses

Run-up Length (Mos.) Start End
-15.66 3 12/1/2016 2/1/2017
-15.08 7 3/1/2014 9/1/2014
-6.83 5 6/1/2015 10/1/2015
-5.94 3 8/1/2016 10/1/2016
-4.75 2 5/1/2016 6/1/2016
-4.70 2 12/1/2015 1/1/2016
-3.62 1 4/1/2015 4/1/2015
-0.76 1 3/1/2016 3/1/2016
-0.33 1 2/1/2015 2/1/2015
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year
Number of Periods37.0035.0032.0026.0020.0014.00
Percent Profitable32.4337.1440.6350.0060.0085.71
Average Period Return-0.29-0.510.313.553.826.11
Average Gain4.096.4610.0612.5711.949.36
Average Loss-2.49-4.63-6.36-5.47-8.37-13.36
Best Period11.0317.4826.8919.6821.5116.37
Worst Period-9.05-15.66-15.08-15.73-14.39-14.33
Standard Deviation4.077.0010.6510.7611.789.66
Gain Standard Deviation3.615.899.666.966.825.45
Loss Standard Deviation2.163.424.204.084.551.37
Sharpe Ratio (1%)-0.09-0.11-0.020.240.200.42
Average Gain / Average Loss1.641.401.582.301.430.70
Profit / Loss Ratio0.820.821.082.302.144.20
Downside Deviation (10%)2.895.357.527.9810.599.80
Downside Deviation (5%)2.684.696.155.356.805.83
Downside Deviation (0%)2.634.525.824.765.945.06
Sortino Ratio (10%)-0.24-0.32-0.29-0.18-0.36-0.42
Sortino Ratio (5%)-0.14-0.16-0.030.480.340.70
Sortino Ratio (0%)-0.11-0.110.050.750.641.21

Top Performer Badges

Index Award Type Rank Performance Period
Trend Following Strategy Index Month 4 10.64 11/2016
IASG CTA Index Month 5 10.64 11/2016
Discretionary Trader Index Month 5 10.64 11/2016

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