Estlander & Partners : Global XL Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Aug Performance -5.68% Min Investment $ 5,000k Mgmt. Fee 2.00% Perf. Fee 20.00% Annualized Vol 23.91% Sharpe (RFR=1%) 0.43 CAROR 8.76% Assets $ 16.0M Worst DD -28.15 S&P Correlation -0.02 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 Aug Qtr YTD 1yr 3yr 5yr 10yr Since8/1991 Global XL -5.68 - - - - - -17.69 656.13 S&P 500 -6.26 - - - - - 61.58 926.64 +/- S&P 500 0.58 - - - - - -79.28 -270.51 Strategy Description SummaryEstlander & Partners Global Markets is a highly diversified global futures trading programme that aims at producing attractive risk adjusted returns and low correlation to traditional investments. The program adopts a diversified trading approach, including strategies capturing global... Read More Account & Fees Type Managed Account Minimum Investment $ 5,000k Trading Level Incremental Increase $ 0k CTA Max Funding Factor 1.00 Management Fee 2.00% Performance Fee 20.00% Average Commission $0 Available to US Investors No Subscriptions High Water Mark Yes Subscription Frequency Daily Redemption Frequency Daily Investor Requirements QEP Lock-up Period 0 Trading Trading Frequency RT/YR/$M Avg. Margin-to-Equity 20% Targeted Worst DD 30.00% Worst Peak-to-Trough -28.00% Sector Focus Diversified Traders Holding Periods Over 12 Months 4.00% 4-12 Months 21.00% 1-3 Months 46.00% 1-30 Days 23.00% Intraday 6.00% Decision-Making Discretionary 20.00% Systematic 80.00% Strategy Counter-trend 10.00% Seasonal/cyclical 10.00% Trend-following 60.00% Other 20.00% Composition Interest Rates 22.00% Stock Indices 21.00% Currency Futures 20.00% Energy 9.00% Industrial Metals 7.00% Precious Metals 7.00% Grains 6.00% Softs 5.00% Other 3.00% SummaryEstlander & Partners Global Markets is a highly diversified global futures trading programme that aims at producing attractive risk adjusted returns and low correlation to traditional investments. The program adopts a diversified trading approach, including strategies capturing global price trends in multiple time frames, ranging from intraday to several months. In addition systematic macro models are applied. These will hold small positions when expected return expectations are low. The diversified trading approach is combined with prudent risk management on several layers. The historical track record goes back to 1991.Investment StrategyEstlander & Partners Global Markets adopt a systematic trading approach to global and liquid futures and forward markets. Over 110 markets are traded in the programme, where price and fundamental information is used for decision making. The core parts of Global Markets are trend following models. Return extraction is based on behavioural biases and cyclical risk premiums as well as changes in global economies. Here, models with holding periods from a few hours up to several months are combined. In the decision making process, data from the underlying market as well as related markets is used. Positions are both long and short. Systematic Macro models take further advantage of non-price information in the decision making process. The models take advantage of global capital flows based on economic trends and extract time-varying risk premia and value opportunities. The models provide a diversifying return stream to the trend-following models. Counter-trend models models are trading on horizons ranging from a few hours to approximately 10 days. These models are a positive diversifier to the price driven trend and systematic macro models. The Global XL program operates at two times the leverage of the Global Markets program. The information is provided on strategy level for the investment programme in question. Performance figures and other information on funds applying the investment programme in question are available by contacting Estlander & Partners Ltd. Risk ManagementRisk is balanced in the portfolio with Achilles risk management. It is a forward looking estimation of the worst case outcome (including correlation breakdowns) for each model and is used for balancing risk in the models. 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 -28.15 13 10 9/1/1998 10/1/1999 -27.57 6 12 2/1/2004 8/1/2004 -27.38 35 - 4/1/2011 3/1/2014 -27.32 21 15 11/1/2005 8/1/2007 -24.25 6 9 10/1/2001 4/1/2002 -19.97 5 3 11/1/1996 4/1/1997 -18.55 2 6 1/1/1996 3/1/1996 -18.25 5 2 5/1/1995 10/1/1995 -17.98 6 1 1/1/1998 7/1/1998 -17.26 15 2 10/1/1993 1/1/1995 -17.04 6 6 2/1/2003 8/1/2003 -16.85 4 3 3/1/2001 7/1/2001 -11.60 3 3 4/1/2010 7/1/2010 -10.30 2 3 11/1/2009 1/1/2010 -9.80 2 1 8/1/2005 10/1/2005 -9.51 5 2 10/1/1992 3/1/1993 -7.23 1 3 5/1/1993 6/1/1993 -7.15 2 3 2/1/2009 4/1/2009 -7.12 2 1 1/1/0001 9/1/1991 -6.87 1 1 7/1/1997 8/1/1997 -5.45 1 2 9/1/1997 10/1/1997 -4.70 1 1 8/1/2000 9/1/2000 -4.25 3 3 12/1/1991 3/1/1992 -3.25 1 1 10/1/2010 11/1/2010 -2.79 1 1 2/1/2011 3/1/2011 -2.27 1 1 12/1/2010 1/1/2011 -1.92 1 2 7/1/2009 8/1/2009 -0.91 1 1 12/1/2000 1/1/2001 Show More Consecutive Gains Run-up Length (Mos.) Start End 64.12 4 2/1/1995 5/1/1995 56.46 4 8/1/1996 11/1/1996 35.74 7 4/1/1992 10/1/1992 34.90 3 12/1/2002 2/1/2003 33.90 3 11/1/1995 1/1/1996 31.30 2 8/1/1998 9/1/1998 30.70 3 5/1/1997 7/1/1997 29.25 6 9/1/2003 2/1/2004 29.20 2 11/1/1999 12/1/1999 28.20 3 4/1/2007 6/1/2007 27.60 5 5/1/2002 9/1/2002 27.15 4 9/1/2004 12/1/2004 26.78 2 9/1/2007 10/1/2007 26.55 3 8/1/2001 10/1/2001 26.42 3 10/1/1991 12/1/1991 24.21 5 10/1/2008 2/1/2009 22.21 2 2/1/2001 3/1/2001 19.87 3 10/1/2000 12/1/2000 16.69 3 8/1/2010 10/1/2010 15.35 2 5/1/2005 6/1/2005 14.08 2 1/1/2008 2/1/2008 13.77 2 4/1/1993 5/1/1993 13.27 3 7/1/2012 9/1/2012 13.09 1 11/1/2005 11/1/2005 12.40 1 8/1/2000 8/1/2000 12.34 3 11/1/1997 1/1/1998 12.17 3 2/1/2010 4/1/2010 11.80 1 4/1/1999 4/1/1999 10.74 4 7/1/1993 10/1/1993 10.73 3 1/1/2015 3/1/2015 10.69 3 7/1/2006 9/1/2006 9.99 1 5/1/1998 5/1/1998 9.78 1 4/1/1996 4/1/1996 9.56 3 4/1/2014 6/1/2014 8.69 1 4/1/2011 4/1/2011 8.32 1 9/1/1997 9/1/1997 8.22 3 12/1/2011 2/1/2012 8.06 1 12/1/2010 12/1/2010 7.52 1 7/1/2011 7/1/2011 7.42 1 12/1/2001 12/1/2001 6.65 1 1/1/2006 1/1/2006 6.61 1 5/1/2009 5/1/2009 6.47 1 5/1/1994 5/1/1994 6.18 3 9/1/2009 11/1/2009 6.14 1 6/1/2008 6/1/2008 6.11 1 5/1/2003 5/1/2003 5.78 1 2/1/2011 2/1/2011 5.69 1 11/1/2006 11/1/2006 5.44 1 7/1/2009 7/1/2009 5.42 1 4/1/2013 4/1/2013 4.56 1 3/1/1994 3/1/1994 4.56 2 8/1/2014 9/1/2014 4.53 2 12/1/2012 1/1/2013 4.16 1 11/1/2014 11/1/2014 4.07 1 2/1/2000 2/1/2000 4.01 1 3/1/1998 3/1/1998 3.87 1 8/1/2005 8/1/2005 3.34 2 1/1/1997 2/1/1997 3.12 1 2/1/1999 2/1/1999 2.91 2 5/1/2001 6/1/2001 2.85 1 10/1/2013 10/1/2013 2.75 1 12/1/1993 12/1/1993 2.44 1 9/1/1994 9/1/1994 2.31 1 2/1/2014 2/1/2014 2.20 1 11/1/1994 11/1/1994 1.88 1 4/1/2006 4/1/2006 1.76 1 2/1/1993 2/1/1993 1.71 1 5/1/2012 5/1/2012 1.10 1 6/1/1999 6/1/1999 0.89 1 5/1/2000 5/1/2000 0.45 1 12/1/1992 12/1/1992 0.41 1 12/1/1998 12/1/1998 0.29 1 7/1/1995 7/1/1995 0.21 1 2/1/2002 2/1/2002 Show More Consecutive Losses Run-up Length (Mos.) Start End -27.57 6 3/1/2004 8/1/2004 -23.96 2 7/1/2007 8/1/2007 -19.98 4 7/1/1999 10/1/1999 -18.55 2 2/1/1996 3/1/1996 -18.37 5 4/1/2015 8/1/2015 -16.38 2 3/1/1997 4/1/1997 -16.24 1 11/1/2001 11/1/2001 -16.01 3 6/1/2003 8/1/2003 -15.59 3 8/1/1995 10/1/1995 -15.40 1 4/1/1998 4/1/1998 -14.95 1 4/1/2001 4/1/2001 -14.93 2 5/1/2006 6/1/2006 -14.59 5 5/1/2013 9/1/2013 -13.84 4 12/1/2006 3/1/2007 -13.57 2 5/1/2011 6/1/2011 -12.71 2 1/1/1994 2/1/1994 -11.60 3 5/1/2010 7/1/2010 -11.53 2 3/1/2002 4/1/2002 -11.32 3 7/1/2008 9/1/2008 -10.88 2 6/1/1998 7/1/1998 -10.30 2 12/1/2009 1/1/2010 -10.05 2 2/1/2006 3/1/2006 -9.87 4 8/1/2011 11/1/2011 -9.80 2 9/1/2005 10/1/2005 -8.98 2 11/1/2007 12/1/2007 -8.97 1 12/1/2005 12/1/2005 -8.92 1 5/1/1999 5/1/1999 -8.34 1 6/1/2012 6/1/2012 -8.14 2 10/1/2002 11/1/2002 -7.50 2 10/1/2012 11/1/2012 -7.47 3 5/1/1996 7/1/1996 -7.39 1 12/1/1996 12/1/1996 -7.23 1 6/1/1993 6/1/1993 -7.15 2 3/1/2009 4/1/2009 -7.12 2 8/1/1991 9/1/1991 -6.91 2 3/1/2003 4/1/2003 -6.87 1 8/1/1997 8/1/1997 -6.82 2 12/1/1994 1/1/1995 -6.81 3 6/1/1994 8/1/1994 -6.48 2 10/1/1998 11/1/1998 -6.12 4 1/1/2005 4/1/2005 -6.06 3 3/1/2008 5/1/2008 -5.82 3 11/1/2013 1/1/2014 -5.72 1 1/1/1993 1/1/1993 -5.62 1 1/1/1999 1/1/1999 -5.45 1 10/1/1997 10/1/1997 -5.24 1 10/1/1994 10/1/1994 -5.04 1 1/1/2002 1/1/2002 -4.99 1 7/1/2001 7/1/2001 -4.91 1 2/1/1998 2/1/1998 -4.70 1 9/1/2000 9/1/2000 -4.56 1 3/1/1999 3/1/1999 -4.53 1 3/1/2014 3/1/2014 -4.35 2 3/1/2012 4/1/2012 -4.25 3 1/1/1992 3/1/1992 -4.14 2 6/1/2000 7/1/2000 -3.69 2 2/1/2013 3/1/2013 -3.66 1 11/1/1993 11/1/1993 -3.52 1 11/1/1992 11/1/1992 -3.43 1 6/1/1995 6/1/1995 -3.25 1 11/1/2010 11/1/2010 -2.91 2 3/1/2000 4/1/2000 -2.79 1 3/1/2011 3/1/2011 -2.68 1 3/1/1993 3/1/1993 -2.27 1 1/1/2011 1/1/2011 -2.26 1 10/1/2006 10/1/2006 -1.92 1 8/1/2009 8/1/2009 -1.49 1 7/1/2014 7/1/2014 -1.34 1 12/1/2014 12/1/2014 -0.99 1 1/1/2000 1/1/2000 -0.91 1 1/1/2001 1/1/2001 -0.74 1 7/1/2005 7/1/2005 -0.61 1 6/1/2009 6/1/2009 -0.51 1 10/1/2014 10/1/2014 -0.16 1 4/1/1994 4/1/1994 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year Number of Periods289.00287.00284.00278.00272.00266.00254.00242.00230.00 Percent Profitable51.2156.1061.2767.6373.5377.8287.4089.2696.96 Average Period Return0.942.885.5110.6715.2720.5833.0247.3463.05 Average Gain5.9810.6214.0519.5023.5328.4439.2853.7565.10 Average Loss-4.39-7.01-7.99-7.79-7.68-6.99-10.38-5.91-2.36 Best Period28.0652.8558.9579.6675.36120.85160.67156.49179.27 Worst Period-20.17-22.47-27.57-24.21-22.61-25.86-26.75-18.35-3.63 Standard Deviation6.9011.9814.7118.1620.3325.0332.7538.9545.81 Gain Standard Deviation5.1310.0311.9415.1917.0722.7530.1636.2445.00 Loss Standard Deviation3.924.875.925.665.955.596.725.071.15 Sharpe Ratio (1%)0.120.220.340.530.680.740.921.111.27 Average Gain / Average Loss1.361.511.762.503.074.073.789.1027.59 Profit / Loss Ratio1.441.942.785.238.5114.2726.2675.60878.86 Downside Deviation (10%)4.306.347.488.008.618.8710.5010.459.46 Downside Deviation (5%)4.135.796.435.945.624.985.323.691.49 Downside Deviation (0%)4.095.656.185.474.984.204.372.530.45 Sortino Ratio (10%)0.120.260.410.710.891.171.642.473.75 Sortino Ratio (5%)0.210.450.781.632.453.735.6411.7238.93 Sortino Ratio (0%)0.230.510.891.953.064.907.5618.70139.64 Top Performer Badges Index Award Type Rank Performance Period Systematic Trader Index Month 6 6.34 5/2014 Trend Following Strategy Index Month 7 6.34 5/2014 Diversified Trader Index Month 8 6.34 5/2014 IASG CTA Index Month 10 6.34 5/2014 Trend Following Strategy Index Month 8 11.36 7/2012 Trend Following Strategy Index Month 10 1.88 10/2009 Trend Following Strategy Index Month 6 5.44 7/2009 Systematic Trader Index Month 6 13.60 4/2007 IASG CTA Index Month 7 13.60 4/2007 Diversified Trader Index Month 6 13.60 4/2007 Trend Following Strategy Index Month 4 13.60 4/2007 Trend Following Strategy Index Month 1 9.43 8/2006 IASG CTA Index Month 2 9.43 8/2006 Systematic Trader Index Month 2 9.43 8/2006 Diversified Trader Index Month 2 9.43 8/2006 Trend Following Strategy Index Month 4 1.03 7/2006 Trend Following Strategy Index Month 7 8.34 6/2005 Systematic Trader Index Month 7 8.34 6/2005 Diversified Trader Index Month 7 8.34 6/2005 IASG CTA Index Month 10 8.34 6/2005 Trend Following Strategy Index Month 10 12.38 11/2004 Systematic Trader Index Month 10 12.38 11/2004 Diversified Trader Index Month 10 7.39 10/2004 Systematic Trader Index Month 9 7.39 10/2004 Trend Following Strategy Index Month 7 7.39 10/2004 IASG CTA Index Month 8 2.22 11/2003 Diversified Trader Index Month 6 2.22 11/2003 Trend Following Strategy Index Month 3 2.22 11/2003 Systematic Trader Index Month 3 2.22 11/2003 Trend Following Strategy Index Month 7 13.16 1/2003 IASG CTA Index Month 9 13.16 1/2003 Systematic Trader Index Month 8 13.16 1/2003 Diversified Trader Index Month 9 13.16 1/2003 Diversified Trader Index Month 9 0.21 2/2002 Trend Following Strategy Index Month 6 0.21 2/2002 IASG CTA Index Month 5 7.42 12/2001 Diversified Trader Index Month 3 7.42 12/2001 Trend Following Strategy Index Month 4 7.42 12/2001 Systematic Trader Index Month 4 7.42 12/2001 IASG CTA Index Month 10 11.42 9/2001 Diversified Trader Index Month 8 11.42 9/2001 Trend Following Strategy Index Month 9 11.42 9/2001 Systematic Trader Index Month 9 11.42 9/2001 IASG CTA Index Month 1 17.30 3/2001 Systematic Trader Index Month 1 17.30 3/2001 Diversified Trader Index Month 1 17.30 3/2001 Trend Following Strategy Index Month 1 17.30 3/2001 Trend Following Strategy Index Month 8 4.19 2/2001 Systematic Trader Index Month 9 4.19 2/2001 Diversified Trader Index Month 9 4.19 2/2001 Diversified Trader Index Month 7 5.95 10/2000 IASG CTA Index Month 7 5.95 10/2000 Systematic Trader Index Month 5 5.95 10/2000 Trend Following Strategy Index Month 4 5.95 10/2000 Systematic Trader Index Month 5 12.40 8/2000 Trend Following Strategy Index Month 5 12.40 8/2000 IASG CTA Index Month 6 12.40 8/2000 Diversified Trader Index Month 6 12.40 8/2000 Trend Following Strategy Index Month 7 4.07 2/2000 Systematic Trader Index Month 1 16.12 12/1999 Trend Following Strategy Index Month 1 16.12 12/1999 IASG CTA Index Month 2 16.12 12/1999 Diversified Trader Index Month 2 16.12 12/1999 IASG CTA Index 5 Year 9 153.56 1994 - 1999 Trend Following Strategy Index Month 3 11.26 11/1999 Systematic Trader Index Month 4 11.26 11/1999 IASG CTA Index Month 5 11.26 11/1999 Diversified Trader Index Month 5 11.26 11/1999 IASG CTA Index Month 3 11.80 4/1999 Systematic Trader Index Month 2 11.80 4/1999 Diversified Trader Index Month 3 11.80 4/1999 Trend Following Strategy Index Month 2 11.80 4/1999 IASG CTA Index 5 Year 10 120.34 1993 - 1998 Diversified Trader Index Month 9 28.06 8/1998 Systematic Trader Index Month 9 28.06 8/1998 Trend Following Strategy Index Month 9 28.06 8/1998 IASG CTA Index Month 9 28.06 8/1998 IASG CTA Index Month 4 9.99 5/1998 Diversified Trader Index Month 4 9.99 5/1998 Systematic Trader Index Month 4 9.99 5/1998 Trend Following Strategy Index Month 4 9.99 5/1998 Trend Following Strategy Index Month 4 4.01 3/1998 IASG CTA Index Month 6 4.01 3/1998 Diversified Trader Index Month 5 4.01 3/1998 Systematic Trader Index Month 4 4.01 3/1998 IASG CTA Index Month 8 5.96 1/1998 Diversified Trader Index Month 8 5.96 1/1998 Trend Following Strategy Index Month 8 5.96 1/1998 Systematic Trader Index Month 8 5.96 1/1998 IASG CTA Index 3 Year 6 139.37 1994 - 1997 Trend Following Strategy Index Month 6 8.32 9/1997 Diversified Trader Index Month 6 8.32 9/1997 Systematic Trader Index Month 6 8.32 9/1997 IASG CTA Index Month 6 8.32 9/1997 Trend Following Strategy Index Month 4 19.93 7/1997 Diversified Trader Index Month 4 19.93 7/1997 Systematic Trader Index Month 4 19.93 7/1997 IASG CTA Index Month 4 19.93 7/1997 Trend Following Strategy Index Month 8 4.58 6/1997 Systematic Trader Index Month 8 4.58 6/1997 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