Hehmeyer Capital Management, LLC : Commodity Capital - Grain & Oil Seeds Program

archived programs
Year-to-Date
N / A
Oct Performance
-0.36%
Min Investment
$ 1,000k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
4.09%
Sharpe (RFR=1%)
0.48
CAROR
2.92%
Assets
$ 26.0M
Worst DD
-6.73
S&P Correlation
0.04

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 Oct Qtr YTD 1yr 3yr 5yr 10yr Since
1/2006
Commodity Capital - Grain & Oil Seeds Program -0.36 -0.99 - -2.28 -3.57 -4.47 27.20 44.73
S&P 500 -6.94 -3.71 - 5.30 29.10 52.82 177.05 109.67
+/- S&P 500 6.58 2.73 - -7.58 -32.67 -57.29 -149.85 -64.93

Strategy Description

Summary

Ken Stein has been an independent trader and consultant at the Chicago Board of Trade for thirty years, and is a former member of the Kansas City Board of Trade. He trained as a grain merchandiser for Cook Industries, Inc. in Memphis, TN, and was manager of export wheat trading of... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 1,000k
Trading Level Incremental Increase
$ 500k
CTA Max Funding Factor
1.00
Management Fee
2.00%
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
QEP
Lock-up Period
0

Trading

Trading Frequency
2500 RT/YR/$M
Avg. Margin-to-Equity
7%
Targeted Worst DD
Worst Peak-to-Trough
Sector Focus
Agricultural Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
2.00%
1-30 Days
97.00%
Intraday
1.00%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Option-purchasing
5.00%
Spreading/hedging
95.00%
Strategy Pie Chart

Composition

Grains
100.00%
Composition Pie Chart

Summary

Ken Stein has been an independent trader and consultant at the Chicago Board of Trade for thirty years, and is a former member of the Kansas City Board of Trade. He trained as a grain merchandiser for Cook Industries, Inc. in Memphis, TN, and was manager of export wheat trading of The Pillsbury Company at its Minneapolis headquarters.

Mr. Stein was a senior market analyst of World Perspectives, Inc., Washington, D.C., whose clients included most U.S., European, and Japanese trading houses, large corporate users, and "state" traders including U.S.S.R., Eastern Europe, Canada and Australia. He was a markets editor of Milling & Baking News, the wheat industry's leading publication.

Mark Hawkins was born in Nairobi, Kenya in 1953. He received his B.A. in Economics in 1975 from Nottingham University in England. Continuing his education at the University of California Berkeley, he received his MBA the following year.

From 1976 until 1978 he was employed by the Continental Grain Company in London, England where he worked on the soybean and proteins desk. Returning to the United States in 1979, he went to work for the Louis Dreyfus Corporation (LDC), spending a year in Springfield, Illinois where he assumed responsibility for trading the southeast rail corn market. Mr. Hawkins then went on to work at the LDC headquarters in Stamford, Connecticut, trading domestic and global feedgrains for the company.

Investment Strategy

We believe the anticipation of change is the greatest source of opportunity. The challenge is to identify these changes through constant market awareness and education, and through the application of market logic for maximum reward. The Commodity Capital trading approach seeks to forecast the price or time spread, or arbitrage changes the market undergoes to redress developing imbalances of supply and demand, while seeking to build into positions risk-control techniques such as stops or other positions, to guard against unexpected adverse developments

   

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
-6.73 10 21 9/1/2007 7/1/2008
-5.37 55 - 11/1/2013 6/1/2018
-2.61 2 3 1/1/0001 2/1/2006
-2.04 3 1 2/1/2007 5/1/2007
-1.64 2 3 9/1/2012 11/1/2012
-1.36 4 4 2/1/2011 6/1/2011
-0.61 1 1 9/1/2006 10/1/2006
-0.58 1 1 5/1/2006 6/1/2006
-0.40 1 1 11/1/2011 12/1/2011
-0.14 1 1 8/1/2013 9/1/2013
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Consecutive Gains

Run-up Length (Mos.) Start End
10.50 9 1/1/2012 9/1/2012
10.38 12 3/1/2010 2/1/2011
9.95 4 6/1/2007 9/1/2007
5.47 9 12/1/2012 8/1/2013
4.49 4 11/1/2006 2/1/2007
4.33 1 5/1/2006 5/1/2006
3.85 4 4/1/2009 7/1/2009
3.49 3 7/1/2006 9/1/2006
3.16 2 10/1/2011 11/1/2011
2.94 2 12/1/2007 1/1/2008
2.42 1 3/1/2006 3/1/2006
2.03 1 10/1/2008 10/1/2008
1.72 3 4/1/2008 6/1/2008
1.63 1 2/1/2009 2/1/2009
1.48 2 12/1/2009 1/1/2010
1.32 2 10/1/2013 11/1/2013
1.24 2 7/1/2011 8/1/2011
1.11 1 7/1/2018 7/1/2018
1.01 3 11/1/2015 1/1/2016
0.68 1 8/1/2008 8/1/2008
0.66 2 7/1/2014 8/1/2014
0.61 1 6/1/2016 6/1/2016
0.59 1 2/1/2015 2/1/2015
0.46 1 9/1/2009 9/1/2009
0.40 1 4/1/2007 4/1/2007
0.39 2 5/1/2015 6/1/2015
0.35 1 12/1/2016 12/1/2016
0.29 2 1/1/2018 2/1/2018
0.24 1 3/1/2014 3/1/2014
0.20 1 7/1/2017 7/1/2017
0.12 1 4/1/2018 4/1/2018
0.12 1 4/1/2016 4/1/2016
0.09 1 3/1/2017 3/1/2017
0.04 1 12/1/2014 12/1/2014
0.02 1 9/1/2017 9/1/2017
0.01 1 4/1/2011 4/1/2011
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Consecutive Losses

Run-up Length (Mos.) Start End
-4.73 2 2/1/2008 3/1/2008
-3.36 2 10/1/2007 11/1/2007
-3.25 1 7/1/2008 7/1/2008
-2.61 2 1/1/2006 2/1/2006
-2.43 2 5/1/2018 6/1/2018
-1.69 3 11/1/2008 1/1/2009
-1.64 2 10/1/2012 11/1/2012
-1.54 5 7/1/2016 11/1/2016
-1.52 3 4/1/2014 6/1/2014
-1.44 2 10/1/2009 11/1/2009
-1.25 1 3/1/2007 3/1/2007
-1.20 1 5/1/2007 5/1/2007
-1.01 2 5/1/2011 6/1/2011
-0.99 3 8/1/2018 10/1/2018
-0.71 1 9/1/2011 9/1/2011
-0.67 2 3/1/2015 4/1/2015
-0.61 1 2/1/2010 2/1/2010
-0.61 1 10/1/2006 10/1/2006
-0.58 1 6/1/2006 6/1/2006
-0.55 4 7/1/2015 10/1/2015
-0.53 3 10/1/2017 12/1/2017
-0.53 3 4/1/2017 6/1/2017
-0.49 1 9/1/2008 9/1/2008
-0.48 3 12/1/2013 2/1/2014
-0.46 2 1/1/2017 2/1/2017
-0.43 2 2/1/2016 3/1/2016
-0.41 1 8/1/2009 8/1/2009
-0.40 1 12/1/2011 12/1/2011
-0.37 1 3/1/2011 3/1/2011
-0.35 1 4/1/2006 4/1/2006
-0.29 1 5/1/2016 5/1/2016
-0.29 1 1/1/2015 1/1/2015
-0.24 1 3/1/2009 3/1/2009
-0.22 1 3/1/2018 3/1/2018
-0.16 3 9/1/2014 11/1/2014
-0.14 1 9/1/2013 9/1/2013
-0.08 1 8/1/2017 8/1/2017
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods154.00152.00149.00143.00137.00131.00119.00107.0095.00
Percent Profitable55.8459.8759.7364.3467.1567.1877.3182.2491.58
Average Period Return0.250.781.573.154.756.169.9514.5919.80
Average Gain0.891.893.335.757.889.8713.4518.2921.89
Average Loss-0.57-0.87-1.04-1.53-1.63-1.43-1.96-2.53-2.97
Best Period7.679.849.0713.7722.4219.4826.4831.5636.04
Worst Period-3.96-4.14-6.24-6.56-4.97-4.65-4.21-4.13-4.47
Standard Deviation1.182.043.004.746.207.048.9610.9611.37
Gain Standard Deviation1.071.812.513.825.165.587.038.269.41
Loss Standard Deviation0.740.951.241.541.230.980.900.991.28
Sharpe Ratio (1%)0.140.260.360.450.520.590.770.961.29
Average Gain / Average Loss1.552.173.193.764.836.906.887.237.37
Profit / Loss Ratio1.993.234.746.789.8814.1223.4333.5180.19
Downside Deviation (10%)0.821.522.514.346.007.6010.1912.4513.53
Downside Deviation (5%)0.650.931.251.781.962.092.472.852.51
Downside Deviation (0%)0.620.811.021.291.170.991.021.140.93
Sortino Ratio (10%)-0.20-0.29-0.36-0.43-0.47-0.54-0.57-0.56-0.58
Sortino Ratio (5%)0.250.570.851.211.661.992.803.695.86
Sortino Ratio (0%)0.400.961.532.444.086.229.7412.8021.31

Top Performer Badges

Index Award Type Rank Performance Period
Agricultural Trader Index Month 7 0.00 11/2018
Agricultural Trader Index Month 10 -0.09 4/2017
Agricultural Trader Index Month 4 0.67 1/2016
Agricultural Trader Index Month 10 -0.01 9/2015
Agricultural Trader Index Month 4 0.59 2/2015
Agricultural Trader Index Month 10 -0.06 10/2014
Agricultural Trader Index Month 10 0.24 3/2014
Agricultural Trader Index Month 8 0.84 11/2013
Agricultural Trader Index Month 10 0.22 5/2013
Agricultural Trader Index Month 6 0.71 3/2013
Agricultural Trader Index Month 5 2.90 2/2013
Agricultural Trader Index Month 8 0.54 12/2012
Agricultural Trader Index Month 10 0.45 9/2012
Agricultural Trader Index Month 9 0.71 4/2012
Agricultural Trader Index Month 7 1.13 2/2012
Agricultural Trader Index Month 5 2.42 1/2012
Agricultural Trader Index Month 9 1.53 11/2011
Agricultural Trader Index Month 8 -0.71 9/2011
Agricultural Trader Index Month 7 -0.61 6/2011
Agricultural Trader Index Month 7 0.29 11/2010
Agricultural Trader Index Month 8 0.53 7/2010
Agricultural Trader Index Month 8 1.51 5/2010
Agricultural Trader Index Month 8 1.95 4/2010
Agricultural Trader Index Month 9 0.83 3/2010
Agricultural Trader Index Month 9 -0.61 2/2010
Agricultural Trader Index Month 10 0.32 12/2009
Agricultural Trader Index Month 10 -0.68 10/2009
Agricultural Trader Index Month 10 0.46 9/2009
Agricultural Trader Index Month 6 0.70 7/2009
Agricultural Trader Index Month 10 1.50 5/2009
Agricultural Trader Index Month 9 0.97 4/2009
Agricultural Trader Index Month 8 1.63 2/2009
Agricultural Trader Index Month 9 -0.03 11/2008
Discretionary Trader Index Month 10 2.03 10/2008
Agricultural Trader Index Month 3 2.03 10/2008
Agricultural Trader Index Month 8 -0.49 9/2008
Agricultural Trader Index Month 9 0.68 8/2008
Agricultural Trader Index Month 9 -3.25 7/2008
Agricultural Trader Index Month 8 0.75 5/2008
Agricultural Trader Index Month 9 0.62 4/2008
Agricultural Trader Index Month 7 -0.80 3/2008
Agricultural Trader Index Month 8 0.83 1/2008
Agricultural Trader Index Month 8 2.09 12/2007
Agricultural Trader Index Month 10 -3.12 11/2007
Agricultural Trader Index Month 8 -0.25 10/2007
Agricultural Trader Index Month 9 0.10 9/2007
Agricultural Trader Index Month 6 1.31 8/2007
Agricultural Trader Index Month 3 0.70 7/2007
Agricultural Trader Index Month 3 7.67 6/2007
Discretionary Trader Index Month 4 7.67 6/2007
Agricultural Trader Index Month 10 -1.20 5/2007
Agricultural Trader Index Month 6 0.40 4/2007
Agricultural Trader Index Month 7 -1.25 3/2007
Agricultural Trader Index Month 8 1.30 2/2007
Agricultural Trader Index Month 7 1.23 1/2007
Agricultural Trader Index Month 6 0.09 12/2006
Agricultural Trader Index Month 9 1.80 11/2006
Agricultural Trader Index Month 8 -0.61 10/2006
Agricultural Trader Index Month 3 1.54 9/2006
Discretionary Trader Index Month 5 1.54 9/2006
Agricultural Trader Index Month 1 1.04 8/2006
Discretionary Trader Index Month 10 1.04 8/2006
Agricultural Trader Index Month 3 0.87 7/2006
Agricultural Trader Index Month 4 -0.58 6/2006
Discretionary Trader Index Month 2 4.33 5/2006
Agricultural Trader Index Month 2 4.33 5/2006
Agricultural Trader Index Month 9 -0.35 4/2006
Agricultural Trader Index Month 7 2.42 3/2006
Agricultural Trader Index Month 9 -1.98 2/2006
Agricultural Trader Index Month 8 0.00 1/2006

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