Bridgeton Fund Management, LLC : Bridgeton Tactical Advisors Fund Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Sep Performance 0.74% Min Investment $ 25k Mgmt. Fee 0.85% Perf. Fee 10.00% Annualized Vol 27.33% Sharpe (RFR=1%) 0.37 CAROR 7.81% Assets $ 9.1M Worst DD -42.06 S&P Correlation -0.06 Add Alert Add to Blender Add to Portfolio Add to Watchlist Print Page 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 Sep Qtr YTD 1yr 3yr 5yr 10yr Since4/1991 Bridgeton Tactical Advisors Fund 0.74 - - - - - -7.59 531.39 S&P 500 -2.64 - - - - - 56.23 879.39 +/- S&P 500 3.38 - - - - - -63.81 -348.00 Strategy Description SummaryBridgeton Tactical Advisors Fund, LP (BTAF) provides risk managed and cost efficient access to Managed Futures. BTAF seeks to profit from price trends in a diversified portfolio of futures contracts by combining robust trend following methods with an innovative risk management approach.... Read More Account & Fees Type Fund Minimum Investment $ 25k Trading Level Incremental Increase $ 1,000k CTA Max Funding Factor Management Fee 0.85% Performance Fee 10.00% Average Commission $0 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency 15-30 Days Redemption Frequency 15-30 Days Investor Requirements Accredited Investors Lock-up Period 0 Trading Trading Frequency 1450 RT/YR/$M Avg. Margin-to-Equity 5% Targeted Worst DD -15.00% Worst Peak-to-Trough 42.00% Sector Focus Arbitrage & Spread Traders Holding Periods Over 12 Months 4-12 Months 25.00% 1-3 Months 25.00% 1-30 Days 50.00% Intraday 0% Decision-Making Discretionary 5.00% Systematic 95.00% Strategy Momentum 10.00% Option-purchasing 5.00% Option-spreads 5.00% Spreading/hedging 50.00% Technical 20.00% Trend-following 10.00% Composition Currency Futures 25.00% Interest Rates 25.00% Stock Indices 15.00% Energy 10.00% Grains 6.00% Industrial Metals 5.00% Precious Metals 5.00% Softs 5.00% Livestock 4.00% SummaryBridgeton Tactical Advisors Fund, LP (BTAF) provides risk managed and cost efficient access to Managed Futures. BTAF seeks to profit from price trends in a diversified portfolio of futures contracts by combining robust trend following methods with an innovative risk management approach. Global equity indexes, global interest rates, currencies, metals, energy and agricultural futures contracts are traded in the portfolio. In addition to low management fees, BTAF has no punitive investment constraints such as lock-ups and high incentive fees. In October 2014, Bridgeton Fund Management, LLC, introduced a streamlined structure to the Bridgeton Tactical Advisors Fund (“BTAF”) which will sharply reduce the expense hurdle to investors. Additionally, BTAF’s portfolio process was enhanced. The Fund will continue to utilize diversified momentum and trend following models, however, overlaying these strategies is a new cohort of risk management methods designed to sharply reduce volatility and drawdown. Investment StrategyThe Fund’s investment process combines a diversified set of strategies that are active across multiple markets, including global equity indexes, global interest rates, currencies, metals, energy and agriculturals. During periods when trends are short in duration, the risk to return relationship may be negatively skewed. To mitigate downside risk, Bridgeton deploys risk budgeting strategies, volatility filters and trading models designed to profit from congested price action. Conversely, when the macro trading environment supports large price moves, Bridgeton utilizes option strategies to hedge or protect profits earned – a key differentiator in the managed futures space and unique to Bridgeton.Risk ManagementWe believe risk management is our team’s principal challenge. How Bridgeton creates value within it funds and the investor’s experience with these funds is rooted in our risk management philosophy. Our risk process pivots around a central question: is the investor being sufficiently compensated for the risk they are assuming? Once this question is answered in the affirmative, we shift our focus to constructing a diversified basket of these exposures. We utilize a mosaic approach to risk calculation. We constantly monitor notional position size, contract exposures, standard deviation, average trading range, VaR, drawdown and rolling “edge” metrics (Kelly criteria). We have a morning risk-run and an evening risk-run. Summary sheets are distributed to the portfolio team after each run. The degree of leverage is determined by the coherence/correlation of signals generated by the models. If the Fund’s trading strategies are producing highly correlated signals (long or short) the amount of leverage employed will increase. In response, our risk management protocols are designed to identify and govern this form of portfolio exposure. Compare to: {{result.name}} {{result.description}} Index: Chart Type: AUM & Cumulative Returns Cumulative Returns Distribution Rolling Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Compare to: Index: Select an Index Hang Seng Russell 2000 DAX FTSE 100 S&P 500 Index 10-Year Note VIX S&P 500 Monthly Annual 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 -42.06 12 3 7/1/1997 7/1/1998 -37.64 66 - 12/1/2008 6/1/2014 -35.13 25 23 2/1/2004 3/1/2006 -33.83 11 4 3/1/2001 2/1/2002 -33.60 12 5 7/1/1999 7/1/2000 -20.36 3 4 4/1/1996 7/1/1996 -19.16 4 3 12/1/1991 4/1/1992 -16.76 1 2 1/1/1996 2/1/1996 -13.88 7 3 7/1/1993 2/1/1994 -11.50 3 1 3/1/1997 6/1/1997 -11.00 1 2 2/1/2003 3/1/2003 -10.74 1 4 5/1/2003 6/1/2003 -10.05 1 5 6/1/1991 7/1/1991 -9.47 1 1 6/1/2008 7/1/2008 -9.46 2 2 9/1/2002 11/1/2002 -8.67 1 2 10/1/2003 11/1/2003 -8.29 2 1 1/1/0001 5/1/1991 -6.69 5 1 8/1/1992 1/1/1993 -5.40 1 3 7/1/1994 8/1/1994 -5.17 1 2 2/1/2008 3/1/2008 -5.14 1 2 11/1/1996 12/1/1996 -5.08 1 1 4/1/1999 5/1/1999 -4.88 1 1 12/1/1994 1/1/1995 -4.48 3 1 10/1/1998 1/1/1999 -2.55 2 3 5/1/1995 7/1/1995 -2.25 1 1 2/1/1999 3/1/1999 -1.46 1 1 1/1/2001 2/1/2001 -0.98 1 1 4/1/1993 5/1/1993 Show More Consecutive Gains Run-up Length (Mos.) Start End 73.50 3 8/1/1998 10/1/1998 65.38 5 5/1/2002 9/1/2002 61.98 3 11/1/2000 1/1/2001 38.69 4 2/1/1995 5/1/1995 38.69 4 5/1/1992 8/1/1992 38.66 4 8/1/1996 11/1/1996 36.54 3 5/1/1994 7/1/1994 27.62 3 12/1/2002 2/1/2003 24.77 2 3/1/1996 4/1/1996 23.55 1 4/1/2006 4/1/2006 23.33 5 8/1/2008 12/1/2008 23.23 2 11/1/1991 12/1/1991 22.48 3 9/1/2007 11/1/2007 21.52 3 1/1/1997 3/1/1997 21.26 1 8/1/2000 8/1/2000 20.34 2 10/1/2004 11/1/2004 18.16 1 3/1/2002 3/1/2002 17.49 3 12/1/2003 2/1/2004 16.28 1 10/1/2001 10/1/2001 15.54 1 5/1/2009 5/1/2009 15.22 3 2/1/1993 4/1/1993 14.93 1 7/1/1997 7/1/1997 14.82 2 11/1/1993 12/1/1993 14.58 3 4/1/2007 6/1/2007 14.47 3 11/1/2014 1/1/2015 14.40 2 4/1/2003 5/1/2003 13.40 3 11/1/1997 1/1/1998 13.33 6 8/1/1995 1/1/1996 12.98 4 7/1/2003 10/1/2003 12.36 4 9/1/1994 12/1/1994 12.28 2 1/1/2008 2/1/2008 12.10 1 12/1/2001 12/1/2001 11.39 3 4/1/2008 6/1/2008 11.13 3 7/1/2014 9/1/2014 10.52 1 8/1/2005 8/1/2005 10.33 2 6/1/1999 7/1/1999 10.04 1 6/1/1991 6/1/1991 9.91 2 6/1/1993 7/1/1993 9.59 3 2/1/2011 4/1/2011 9.33 1 5/1/2012 5/1/2012 9.13 1 3/1/1994 3/1/1994 8.74 1 11/1/1999 11/1/1999 8.50 2 5/1/2005 6/1/2005 8.39 1 3/1/2000 3/1/2000 8.09 2 8/1/2006 9/1/2006 7.70 2 8/1/1991 9/1/1991 6.79 1 8/1/2001 8/1/2001 6.60 1 2/1/1999 2/1/1999 6.52 1 11/1/2006 11/1/2006 6.48 1 3/1/2005 3/1/2005 6.17 1 11/1/2009 11/1/2009 6.06 1 4/1/1999 4/1/1999 6.03 3 7/1/2011 9/1/2011 5.98 1 11/1/2005 11/1/2005 5.50 3 4/1/2013 6/1/2013 5.14 1 3/1/2001 3/1/2001 5.07 1 5/1/2004 5/1/2004 4.74 1 12/1/2010 12/1/2010 4.29 2 10/1/1992 11/1/1992 4.17 1 5/1/2001 5/1/2001 2.92 1 3/1/2015 3/1/2015 2.84 2 12/1/2013 1/1/2014 2.31 2 11/1/2012 12/1/2012 2.20 1 10/1/2010 10/1/2010 1.53 1 5/1/2000 5/1/2000 1.26 1 9/1/1999 9/1/1999 0.88 1 1/1/2006 1/1/2006 0.83 2 8/1/2015 9/1/2015 0.79 1 7/1/2012 7/1/2012 0.73 2 7/1/2010 8/1/2010 0.57 1 5/1/2010 5/1/2010 0.39 1 7/1/2004 7/1/2004 0.17 1 6/1/1996 6/1/1996 Show More Consecutive Losses Run-up Length (Mos.) Start End -36.15 6 2/1/1998 7/1/1998 -23.22 1 11/1/2001 11/1/2001 -20.72 2 1/1/2002 2/1/2002 -20.15 2 6/1/2000 7/1/2000 -19.97 3 8/1/1997 10/1/1997 -19.16 4 1/1/1992 4/1/1992 -18.34 5 12/1/2009 4/1/2010 -18.24 1 4/1/2005 4/1/2005 -17.35 2 6/1/2001 7/1/2001 -16.76 1 2/1/1996 2/1/1996 -15.44 1 10/1/1999 10/1/1999 -15.16 4 1/1/2009 4/1/2009 -14.75 2 9/1/2000 10/1/2000 -14.74 3 12/1/2004 2/1/2005 -14.56 5 6/1/2009 10/1/2009 -13.90 1 7/1/1996 7/1/1996 -13.54 3 8/1/1993 10/1/1993 -13.24 2 1/1/1994 2/1/1994 -12.81 3 12/1/1999 2/1/2000 -12.64 4 4/1/2015 7/1/2015 -11.89 2 3/1/2004 4/1/2004 -11.50 3 4/1/1997 6/1/1997 -11.28 3 5/1/2006 7/1/2006 -11.18 2 5/1/2011 6/1/2011 -11.07 5 7/1/2013 11/1/2013 -11.00 1 3/1/2003 3/1/2003 -10.74 1 6/1/2003 6/1/2003 -10.18 1 12/1/2005 12/1/2005 -10.05 1 7/1/1991 7/1/1991 -9.99 7 10/1/2011 4/1/2012 -9.47 1 7/1/2008 7/1/2008 -9.46 2 10/1/2002 11/1/2002 -8.71 1 7/1/2005 7/1/2005 -8.67 1 11/1/2003 11/1/2003 -8.55 2 9/1/2005 10/1/2005 -8.52 4 12/1/2006 3/1/2007 -8.29 2 4/1/1991 5/1/1991 -7.96 1 6/1/2004 6/1/2004 -7.92 1 4/1/2001 4/1/2001 -7.66 1 5/1/1996 5/1/1996 -7.62 1 10/1/2006 10/1/2006 -7.21 5 2/1/2014 6/1/2014 -6.27 1 4/1/2002 4/1/2002 -6.11 2 8/1/2004 9/1/2004 -5.95 2 2/1/2006 3/1/2006 -5.57 1 10/1/1991 10/1/1991 -5.48 2 12/1/1992 1/1/1993 -5.40 1 8/1/1994 8/1/1994 -5.34 1 9/1/1992 9/1/1992 -5.17 1 3/1/2008 3/1/2008 -5.14 1 12/1/1996 12/1/1996 -5.08 1 5/1/1999 5/1/1999 -4.88 1 1/1/1995 1/1/1995 -4.87 3 8/1/2012 10/1/2012 -4.48 3 11/1/1998 1/1/1999 -4.17 2 7/1/2007 8/1/2007 -4.11 1 4/1/1994 4/1/1994 -3.93 1 2/1/2015 2/1/2015 -3.59 1 4/1/2000 4/1/2000 -3.45 1 8/1/1999 8/1/1999 -3.31 1 6/1/2012 6/1/2012 -2.58 3 1/1/2013 3/1/2013 -2.56 1 11/1/2010 11/1/2010 -2.55 2 6/1/1995 7/1/1995 -2.50 1 1/1/2011 1/1/2011 -2.25 1 3/1/1999 3/1/1999 -1.50 1 9/1/2001 9/1/2001 -1.46 1 2/1/2001 2/1/2001 -1.12 1 12/1/2007 12/1/2007 -0.98 1 5/1/1993 5/1/1993 -0.70 1 10/1/2014 10/1/2014 -0.63 1 6/1/2010 6/1/2010 -0.15 1 9/1/2010 9/1/2010 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year Number of Periods294.00292.00289.00283.00277.00271.00259.00247.00235.00 Percent Profitable50.6854.7955.3661.8464.2664.9464.0975.3085.11 Average Period Return0.932.755.4711.0816.0821.7034.9847.1259.44 Average Gain6.4710.8217.0425.1031.5340.1061.4266.8172.88 Average Loss-4.76-7.03-8.87-11.65-11.70-12.41-12.22-12.91-17.34 Best Period35.2473.5074.04111.65100.22133.20179.54221.16301.82 Worst Period-23.22-30.23-36.15-42.06-30.84-34.15-29.77-28.78-36.08 Standard Deviation7.8913.5518.3124.8128.3434.1248.8357.7769.73 Gain Standard Deviation6.4812.8816.3120.7023.2828.1441.6753.2766.91 Loss Standard Deviation4.375.557.029.098.417.747.768.2911.45 Sharpe Ratio (1%)0.110.180.270.410.510.580.650.750.78 Average Gain / Average Loss1.361.541.922.162.703.235.035.174.20 Profit / Loss Ratio1.391.872.383.494.855.998.9715.7724.02 Downside Deviation (10%)4.756.698.9111.7412.6414.3317.6818.1419.44 Downside Deviation (5%)4.586.157.819.619.349.6810.259.389.71 Downside Deviation (0%)4.536.017.559.118.608.658.667.617.98 Sortino Ratio (10%)0.110.230.340.520.670.801.091.411.64 Sortino Ratio (5%)0.180.410.641.051.562.033.124.595.60 Sortino Ratio (0%)0.200.460.731.221.872.514.046.197.45 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. x {{title}} x {{title}} Add Cancel