Haar Capital Management : Discretionary Tangible Commodity Program

archived programs
Year-to-Date
N / A
Jul Performance
-0.93%
Min Investment
$ 500k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
7.59%
Sharpe (RFR=1%)
-0.36
CAROR
-
Assets
$ 0k
Worst DD
-10.15
S&P Correlation
0.34

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 Jul Qtr YTD 1yr 3yr 5yr 10yr Since
3/2008
Discretionary Tangible Commodity Program -0.93 - - - - - - -2.77
S&P 500 7.41 - - - - - - 161.90
+/- S&P 500 -8.34 - - - - - - -164.67

Strategy Description

Summary

-HAAR CAPITAL?S APPROACH: In managing the accounts of customers, Haar Capital uses a primarily fundamental strategy although technical analysis may also be employed to help determine specific entry and exit points and the placement of stop-loss orders. The advisor believes that commodity... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 500k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $12.00
Available to US Investors

Subscriptions

High Water Mark No
Subscription Frequency Anytime
Redemption Frequency Anytime
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 650 RT/YR/$M
Avg. Margin-to-Equity 12%
Targeted Worst DD
Worst Peak-to-Trough 0%
Sector Focus Not Specified

Holding Periods

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

Decision-Making

Discretionary 0%
Systematic 0%

Strategy

Summary

-HAAR CAPITAL?S APPROACH: In managing the accounts of customers, Haar Capital uses a primarily fundamental strategy although technical analysis may also be employed to help determine specific entry and exit points and the placement of stop-loss orders. The advisor believes that commodity price changes occur due to a combination of changing fundamental factors and short-term ?noise? resulting from normal market volatility. Haar Capital seeks to filter out the short-term ?noise? and profit from longer-term trends. Among the fundamental factors to be analyzed will be product supply and demand outlook, projected carryout stocks as a percentage of consumption, weather developments and forecasts, economic trends, and government policies. Based on his extensive experience in managing commercial and speculative trading positions, and recognizing that future states of the world cannot be known with certainty, the advisor seeks to identify skewed risk-reward opportunities; i.e., situations in which the probability of a large gain is seen as being approximately equal to the probability of a small loss. The advisor may refrain from trading most markets at any given time, based on his assessment of neutral or unattractive risk-reward conditions. In addition to outright long and short positions, trading strategies may include inter and intra-market spread positions and the use of commodity options. The Program will be a diversified tangible commodity trading program, focusing on the global Grains, Tropicals, Fibers, Metals, Energy and Meats markets. The markets that will be traded in this program may include, without limitation, Corn, Wheat, Oats, Soybeans, Soybean Products, Livestock, Coffee, Sugar, Cocoa, Cotton, Gold, Silver, Copper, Crude Oil, RBOB Gasoline, Heating Oil and Natural Gas. To date Haar Capital has not managed any funds in this program.Principal Bio: Stanley Haar joined Smith Barney (Citigroup) as a financial consultant in May 2002; he resigned on August 1, 2005 to begin organizing the managed account program at Haar Capital. Before joining Smith Barney, Mr. Haar spent three months (February 2002-May 2002) focused on proprietary commodity trading and investments. From November 1997 to February 2002, Mr. Haar was manager of international business development for Franklin Templeton Investments. He provided legal, administrative and marketing support for the successful start-up of Bradesco Templeton Asset Management Ltda., a joint venture with one of Brazil?s largest banks. Mr. Haar also served on the investment committee of the Fundo Bradesco Templeton de Valor e Liquidez, a corporate governance equity fund, with portfolio management responsibility for the agribusiness and textile holdings in the fund. Earlier in his career, Mr. Haar spent 8 years with Continental Grain Company, holding various trading and management positions in the United States and Latin America. For 3 years he was the commercial director of Brazilian operations, with trading and risk management responsibilities for a soybean processing plant, country elevator network, vegetable oil refinery, feed mill, integrated poultry division, and grain export terminals.. Mr. Haar received a BA degree in Economics and International Studies from the School of International Service at American University (1971). He earned his degree in two calendar years with the highest GPA in university history, and was awarded a National Science Foundation Fellowship for graduate study in economics. In 1971-72, Mr. Haar was a Fulbright Scholar in Brazil, where his research focused on the International Coffee Agreement. Mr. Haar holds three graduate degrees from Stanford University: MBA (1977) from the Graduate School of Business, MA (1990) from the Food Research Institute (concentration in futures markets and international trade), and JD (1993) from Stanford Law School. He has written articles on futures markets and international investments for publications such as Commodities Magazine and the Global Finance Journal.

   

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
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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
-10.15 8 - 6/1/2008 2/1/2009
-1.77 1 1 1/1/0001 3/1/2008
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Consecutive Gains

Run-up Length (Mos.) Start End
8.70 3 4/1/2008 6/1/2008
4.19 3 3/1/2009 5/1/2009
0.08 1 11/1/2008 11/1/2008
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Consecutive Losses

Run-up Length (Mos.) Start End
-7.28 4 7/1/2008 10/1/2008
-3.18 3 12/1/2008 2/1/2009
-2.73 2 6/1/2009 7/1/2009
-1.77 1 3/1/2008 3/1/2008
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Time Windows Analysis

 1 Month3 Month6 Month
Number of Periods17.0015.0012.00
Percent Profitable41.1840.0025.00
Average Period Return-0.14-0.13-2.17
Average Gain1.824.183.07
Average Loss-1.52-3.00-3.91
Best Period5.168.705.18
Worst Period-3.67-6.05-8.79
Standard Deviation2.194.314.15
Gain Standard Deviation1.742.592.15
Loss Standard Deviation1.192.252.96
Sharpe Ratio (1%)-0.10-0.09-0.64
Average Gain / Average Loss1.201.390.78
Profit / Loss Ratio0.840.930.26
Downside Deviation (10%)1.713.676.05
Downside Deviation (5%)1.503.014.52
Downside Deviation (0%)1.452.854.16
Sortino Ratio (10%)-0.32-0.37-0.77
Sortino Ratio (5%)-0.15-0.13-0.59
Sortino Ratio (0%)-0.10-0.05-0.52

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.