County Cork LLC : RLA I

Year-to-Date
2.90%
Apr Performance
-0.74%
Min Investment
$ 500k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
14.25%
Sharpe (RFR=1%)
0.51
CAROR
7.46%
Assets
$ 3.5M
Worst DD
-17.12
S&P Correlation
0.03

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 Apr Qtr YTD 1yr 3yr 5yr 10yr Since
1/2009
RLA I -0.74 2.54 2.90 7.80 11.12 30.85 96.05 110.39
S&P 500 3.93 8.94 17.51 11.24 41.19 54.79 234.05 253.03
+/- S&P 500 -4.67 -6.40 -14.62 -3.44 -30.07 -23.93 -138.00 -142.64

Strategy Description

Summary

RLA I Program is managed by Ronald L. Anderson. Anderson previously managed the Crush, Fundamental, and Ag Spread programs at Kottke Associates. The trading methodology is based on fundamental analysis. That is, Anderson examines external factors that affect supply and demand, such... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 500k
Trading Level Incremental Increase
$ 500k
CTA Max Funding Factor
3.50
Management Fee
2.00%
Performance Fee
20.00%
Average Commission
$15.00
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
2475 RT/YR/$M
Avg. Margin-to-Equity
8%
Targeted Worst DD
Worst Peak-to-Trough
38.27%
Sector Focus
Agricultural Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
32.00%
1-30 Days
63.00%
Intraday
5.00%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
40.00%
Momentum
10.00%
Seasonal/cyclical
10.00%
Technical
30.00%
Trend-following
10.00%
Strategy Pie Chart

Composition

Grains
100.00%
Composition Pie Chart

Summary

RLA I Program is managed by Ronald L. Anderson. Anderson previously managed the Crush, Fundamental, and Ag Spread programs at Kottke Associates. The trading methodology is based on fundamental analysis. That is, Anderson examines external factors that affect supply and demand, such as weather, governmental policies, and import-export activity.

Investment Strategy

Anderson will try to identify fundamental factors that will correlate to and be highly predictive of the market movement of the cash markets underlying the futures and options traded. The Anderson Trading Program I and II will trade futures and options on futures contacts primarily on soybeans and soybean products, i.e., soybean meal and soybean oil, traded on the Chicago Board of Trade (CBOT). Most of the transactions will be spread transactions designed to take advantage of perceived price disparities between the futures markets and the underlying cash markets for soybeans and soybean products. Initiation of spread positions will be discretionary and, as noted, will be predicated predominantly upon the fundamental analysis of changes in supply and demand data in the relevant underlying cash markets. (Anderson will also trade spread transactions on other agricultural products traded on the CBOT and other exchanges.) Anderson expects that the majority of spread transactions entered into will be "crush" and "reverse crush" spreads, which anticipate changes in the dollar value of the difference between the cost of soybeans and the combined sales values of the products of soybeans - soybean meal and soybean oil - that are not reflected in the current futures prices for these products. In lieu of futures contracts, and only if sufficient liquidity develops, Anderson may purchase options on futures contracts in the crush spread, which began trading on the CBOT in February 2006. In addition to crush and reverse crush spread transactions, Anderson may also enter into spread transactions in the individual contracts underlying these spreads, as well as intercommodity spreads comprising just two of the three soybean-related contracts. Anderson may also enter into spread and intercommodity spread transactions on other agricultural products. --- IMPORTANT DISCLOSURE --- THE PERFORMANCE SET FORTH ABOVE IS FOR A PROPRIETARY ACCOUNT MAINTAINED BY A PRINCIPAL OF COUNTY CORK TRADED PURSUANT TO THE RLA I PROGRAM. THE PERFORMANCE HAS BEEN PRO FORMA ADJUSTED FOR A 2% (ANNUALIZED) MONTHLY MANAGEMENT FEE AND A 20% QUARTERLY INCENTIVE FEE THAT WOULD HAVE BEEN CHARGED TO A CUSTOMER ACCOUNT PARTICIPATING IN THE RLA I PROGRAM. THE PERFORMANCE IS NET OF ACTUAL BROKERAGE COMMISSIONS AND TRANSACTION FEES CHARGED TO THE ACCOUNT, WITH PROFITS REINVESTED. PLEASE NOTE THAT ACTUAL CUSTOMER ACCOUNTS HAVE BEEN TRADED PURSUANT TO THE PROGRAM. COUNTY CORK HAS CHOSEN TO USE PERFORMANCE OF A PROPRIETARY ACCOUNT IN THIS PRESENTATION AS IT HAS CONTINUOUSLY OPERATED SINCE INCEPTION. PERFORMANCE INFORMATION FOR CLIENT ACCOUNT PERFORMANCE IS AVAILABLE UPON REQUEST.

Risk Management

Given current volatility in prices for all agricultural commodities, Anderson may choose to enter into option positions to offset the risk of some positions. Anderson may also enter into directional trades through the use of options and option spreads, i.e. call spreads and put spreads. Occasionally, and not as a primarily vehicle for trade, Anderson may enter into directional trades via buying and selling futures outright or in combination with options positions. Option trading and directional trades will not be primary members of the portfolio but will be traded on an opportunistic basis. Returns are based on proforma adjustments to a proprietary account to reflect fees. Client accounts will be traded in like fashion.

   

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
-17.12 19 - 10/1/2014 5/1/2016
-15.04 5 19 6/1/2010 11/1/2010
-7.74 2 3 8/1/2009 10/1/2009
-6.37 7 3 10/1/2013 5/1/2014
-3.41 2 5 3/1/2013 5/1/2013
-1.49 1 2 11/1/2012 12/1/2012
-1.22 1 3 7/1/2012 8/1/2012
-0.68 2 1 1/1/2010 3/1/2010
-0.38 1 1 8/1/2014 9/1/2014
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Consecutive Gains

Run-up Length (Mos.) Start End
27.86 8 1/1/2009 8/1/2009
22.52 1 10/1/2014 10/1/2014
20.11 2 6/1/2012 7/1/2012
19.21 4 11/1/2015 2/1/2016
14.03 3 6/1/2014 8/1/2014
12.22 2 8/1/2016 9/1/2016
10.83 3 4/1/2010 6/1/2010
9.72 1 6/1/2016 6/1/2016
8.85 3 11/1/2009 1/1/2010
6.78 3 6/1/2011 8/1/2011
6.62 3 1/1/2013 3/1/2013
6.18 2 3/1/2011 4/1/2011
4.90 1 6/1/2018 6/1/2018
4.38 3 5/1/2017 7/1/2017
4.32 1 12/1/2013 12/1/2013
4.22 3 12/1/2018 2/1/2019
3.97 2 9/1/2013 10/1/2013
3.76 2 2/1/2017 3/1/2017
2.73 1 11/1/2012 11/1/2012
2.16 1 7/1/2013 7/1/2013
2.05 1 7/1/2015 7/1/2015
1.90 1 8/1/2018 8/1/2018
1.71 1 9/1/2015 9/1/2015
1.70 2 3/1/2018 4/1/2018
1.54 1 10/1/2018 10/1/2018
1.44 1 12/1/2010 12/1/2010
1.38 1 5/1/2015 5/1/2015
1.06 1 1/1/2018 1/1/2018
0.84 1 4/1/2012 4/1/2012
0.74 1 9/1/2017 9/1/2017
0.60 1 2/1/2014 2/1/2014
0.51 2 10/1/2011 11/1/2011
0.37 1 11/1/2016 11/1/2016
0.28 1 3/1/2015 3/1/2015
0.27 1 2/1/2012 2/1/2012
0.18 1 9/1/2012 9/1/2012
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Consecutive Losses

Run-up Length (Mos.) Start End
-17.11 3 3/1/2016 5/1/2016
-15.04 5 7/1/2010 11/1/2010
-8.82 1 6/1/2015 6/1/2015
-7.74 2 9/1/2009 10/1/2009
-7.09 1 7/1/2016 7/1/2016
-6.56 3 10/1/2017 12/1/2017
-6.54 4 11/1/2014 2/1/2015
-4.40 1 10/1/2015 10/1/2015
-4.23 1 11/1/2013 11/1/2013
-3.96 2 12/1/2016 1/1/2017
-3.86 1 1/1/2014 1/1/2014
-3.41 3 4/1/2013 6/1/2013
-3.26 1 2/1/2018 2/1/2018
-3.10 3 3/1/2014 5/1/2014
-2.35 1 10/1/2016 10/1/2016
-2.00 1 9/1/2011 9/1/2011
-1.87 1 7/1/2018 7/1/2018
-1.77 1 4/1/2017 4/1/2017
-1.49 1 12/1/2012 12/1/2012
-1.34 1 5/1/2012 5/1/2012
-1.32 1 4/1/2015 4/1/2015
-1.25 1 5/1/2018 5/1/2018
-1.25 2 12/1/2011 1/1/2012
-1.22 1 8/1/2012 8/1/2012
-1.21 1 8/1/2013 8/1/2013
-1.13 1 8/1/2015 8/1/2015
-1.05 1 8/1/2017 8/1/2017
-1.01 2 1/1/2011 2/1/2011
-0.98 2 3/1/2019 4/1/2019
-0.68 2 2/1/2010 3/1/2010
-0.66 1 11/1/2018 11/1/2018
-0.61 1 3/1/2012 3/1/2012
-0.49 1 5/1/2011 5/1/2011
-0.38 1 9/1/2014 9/1/2014
-0.13 1 10/1/2012 10/1/2012
-0.03 1 9/1/2018 9/1/2018
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods124.00122.00119.00113.00107.00101.0089.0077.0065.00
Percent Profitable54.0362.3064.7166.3774.7782.1886.5294.81100.00
Average Period Return0.682.094.037.1810.1913.9123.3334.4845.40
Average Gain3.075.739.3213.1415.1517.9427.9336.6945.40
Average Loss-2.16-3.93-5.69-4.57-4.50-4.64-6.22-5.86
Best Period22.5236.7938.0634.5941.3642.5065.9182.8388.18
Worst Period-12.53-17.11-13.82-16.12-16.21-13.54-9.90-7.5614.70
Standard Deviation4.117.2310.1211.5313.1213.0017.4421.4918.43
Gain Standard Deviation3.716.268.379.4111.2410.5413.8619.8018.43
Loss Standard Deviation2.473.983.943.354.213.812.271.98
Sharpe Ratio (1%)0.150.250.350.540.660.921.161.422.19
Average Gain / Average Loss1.421.461.642.873.373.864.496.27
Profit / Loss Ratio1.702.413.015.679.9717.8128.81114.35
Downside Deviation (10%)2.393.995.395.976.867.088.587.653.36
Downside Deviation (5%)2.233.524.343.763.673.223.492.32
Downside Deviation (0%)2.193.414.093.273.072.512.421.39
Sortino Ratio (10%)0.120.220.290.370.380.520.881.695.29
Sortino Ratio (5%)0.270.520.811.642.373.695.8213.10
Sortino Ratio (0%)0.310.610.982.193.325.559.6424.79

Top Performer Badges

Index Award Type Rank Performance Period
Discretionary Trader Index Month 2 3.55 2/2019
Agricultural Trader Index Month 2 3.55 2/2019
Agricultural Trader Index Month 6 0.35 1/2019
Agricultural Trader Index Month 6 0.30 12/2018
Agricultural Trader Index Month 4 1.54 10/2018
Agricultural Trader Index Month 9 -0.03 9/2018
Discretionary Trader Index Month 6 1.90 8/2018
Agricultural Trader Index Month 3 1.90 8/2018
Agricultural Trader Index Month 2 4.90 6/2018
Discretionary Trader Index Month 3 4.90 6/2018
IASG CTA Index Month 8 4.90 6/2018
Agricultural Trader Index Month 5 1.23 4/2018
Agricultural Trader Index Month 5 1.23 4/2018
Agricultural Trader Index Month 6 0.74 9/2017
Agricultural Trader Index Month 9 2.91 6/2017
Discretionary Trader Index Month 8 2.91 6/2017
Agricultural Trader Index Month 5 1.36 3/2017
Agricultural Trader Index Month 3 2.37 2/2017
Discretionary Trader Index Month 10 2.37 2/2017
IASG CTA Index Month 2 8.91 9/2016
Discretionary Trader Index Month 2 8.91 9/2016
Agricultural Trader Index Month 1 8.91 9/2016
Agricultural Trader Index Month 3 3.04 8/2016
Agricultural Trader Index Month 2 9.72 6/2016
Discretionary Trader Index Month 2 9.72 6/2016
IASG CTA Index Month 8 9.72 6/2016
Agricultural Trader Index Month 3 3.42 2/2016
Discretionary Trader Index Month 9 3.42 2/2016
Agricultural Trader Index Month 10 0.36 1/2016
Agricultural Trader Index Month 1 10.14 12/2015
IASG CTA Index Month 1 10.14 12/2015
Discretionary Trader Index Month 1 10.14 12/2015
IASG CTA Index 5 Year Rolling 10 75.54 2010 - 2015
Discretionary Trader Index Month 7 4.28 11/2015
Agricultural Trader Index Month 4 4.28 11/2015
Agricultural Trader Index Month 2 1.71 9/2015
Agricultural Trader Index Month 8 2.05 7/2015
Agricultural Trader Index Month 6 1.38 5/2015

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