Kottke Associates : Lark - Cattle Program Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Jun Performance -0.54% Min Investment $ 500k Mgmt. Fee 2.00% Perf. Fee 20.00% Annualized Vol 10.79% Sharpe (RFR=1%) 0.46 CAROR 5.46% Assets $ 3.5M Worst DD -16.49 S&P Correlation 0.11 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 Jun Qtr YTD 1yr 3yr 5yr 10yr Since2/2008 Lark - Cattle Program -0.54 - - - - -3.78 -2.92 56.37 S&P 500 0.09 - - - - 58.90 65.21 130.59 +/- S&P 500 -0.63 - - - - -62.68 -68.13 -74.22 Strategy Description SummaryThe Kottke-Lark Program is a fundamental discretionary trading program managed by Gary Lark. Global Macro in scope with a concentration in physical commodities. Among the fundamental factors to be analyzed will be product supply and demand outlook, weather developments and forecasts,... Read More Account & Fees Type Managed Account Minimum Investment $ 500k Trading Level Incremental Increase $ 500k CTA Max Funding Factor 1.00 Management Fee 2.00% Performance Fee 20.00% Average Commission $0 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency Daily Redemption Frequency Daily Investor Requirements QEP Lock-up Period 0 Trading Trading Frequency 2000 RT/YR/$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 5.00% 1-30 Days 95.00% Intraday 0% Decision-Making Discretionary 100.00% Systematic 0% Strategy Fundamental 100.00% Composition Livestock 100.00% SummaryThe Kottke-Lark Program is a fundamental discretionary trading program managed by Gary Lark. Global Macro in scope with a concentration in physical commodities. Among the fundamental factors to be analyzed will be product supply and demand outlook, 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. 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 -16.49 18 - 12/1/2014 6/1/2016 -16.16 1 8 9/1/2008 10/1/2008 -12.06 37 10 8/1/2010 9/1/2013 -2.11 1 1 7/1/2014 8/1/2014 -1.76 1 1 1/1/0001 2/1/2008 -1.59 1 1 11/1/2009 12/1/2009 -1.18 1 1 2/1/2010 3/1/2010 -0.98 1 1 6/1/2010 7/1/2010 Show More Consecutive Gains Run-up Length (Mos.) Start End 31.33 7 3/1/2008 9/1/2008 22.40 8 4/1/2009 11/1/2009 13.88 4 9/1/2014 12/1/2014 11.13 4 11/1/2008 2/1/2009 11.06 2 6/1/2014 7/1/2014 10.27 3 4/1/2010 6/1/2010 6.29 5 4/1/2012 8/1/2012 5.21 1 8/1/2010 8/1/2010 4.27 3 12/1/2013 2/1/2014 3.03 5 3/1/2011 7/1/2011 2.81 3 9/1/2011 11/1/2011 2.58 1 4/1/2014 4/1/2014 2.35 2 1/1/2010 2/1/2010 1.71 2 6/1/2015 7/1/2015 1.10 2 1/1/2012 2/1/2012 0.89 1 6/1/2013 6/1/2013 0.79 1 12/1/2010 12/1/2010 0.35 1 10/1/2013 10/1/2013 0.29 1 5/1/2016 5/1/2016 0.04 1 3/1/2016 3/1/2016 Show More Consecutive Losses Run-up Length (Mos.) Start End -16.16 1 10/1/2008 10/1/2008 -13.42 5 1/1/2015 5/1/2015 -9.91 9 9/1/2012 5/1/2013 -9.26 2 1/1/2011 2/1/2011 -4.64 7 8/1/2015 2/1/2016 -3.73 3 9/1/2010 11/1/2010 -3.38 1 5/1/2014 5/1/2014 -2.11 1 8/1/2014 8/1/2014 -1.76 1 2/1/2008 2/1/2008 -1.59 1 12/1/2009 12/1/2009 -1.51 1 8/1/2011 8/1/2011 -1.18 1 3/1/2010 3/1/2010 -1.16 3 7/1/2013 9/1/2013 -0.98 1 7/1/2010 7/1/2010 -0.93 1 3/1/2014 3/1/2014 -0.68 1 12/1/2011 12/1/2011 -0.54 1 6/1/2016 6/1/2016 -0.35 1 4/1/2016 4/1/2016 -0.26 1 3/1/2009 3/1/2009 -0.25 1 11/1/2013 11/1/2013 -0.16 1 3/1/2012 3/1/2012 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year Number of Periods101.0099.0096.0090.0084.0078.0066.0054.0042.00 Percent Profitable56.4460.6161.4661.1164.2974.3680.3090.7490.48 Average Period Return0.491.523.045.858.9211.3112.5016.1919.62 Average Gain2.194.828.0113.3417.0516.0017.0018.1021.89 Average Loss-1.71-3.55-4.89-5.91-5.71-2.30-5.86-2.52-1.97 Best Period8.6821.3826.2034.6945.0153.1851.7157.5755.74 Worst Period-16.16-11.58-13.21-14.23-16.49-4.93-12.01-5.80-2.34 Standard Deviation3.125.628.4111.9315.8216.1016.3318.0316.04 Gain Standard Deviation2.074.206.578.9614.0016.1914.9517.8415.14 Loss Standard Deviation2.863.263.453.413.681.344.591.950.45 Sharpe Ratio (1%)0.130.230.300.410.470.580.580.670.91 Average Gain / Average Loss1.281.361.642.262.996.972.907.1811.12 Profit / Loss Ratio1.662.092.613.545.3820.2211.8370.41105.60 Downside Deviation (10%)2.333.635.067.208.457.4712.1113.9715.91 Downside Deviation (5%)2.213.133.964.804.822.324.442.252.52 Downside Deviation (0%)2.183.013.704.244.041.343.250.930.62 Sortino Ratio (10%)0.040.080.110.120.160.14-0.27-0.38-0.50 Sortino Ratio (5%)0.190.410.641.011.544.012.135.405.76 Sortino Ratio (0%)0.230.500.821.382.218.453.8417.3731.67 Top Performer Badges Index Award Type Rank Performance Period Agricultural Trader Index Month 7 -0.02 2/2015 Agricultural Trader Index Month 2 2.84 12/2014 Agricultural Trader Index Month 8 0.83 11/2014 Discretionary Trader Index Month 8 3.94 10/2014 Agricultural Trader Index Month 2 3.94 10/2014 Agricultural Trader Index Month 6 5.66 9/2014 Agricultural Trader Index Month 2 8.68 6/2014 Discretionary Trader Index Month 2 8.68 6/2014 IASG CTA Index Month 8 8.68 6/2014 Agricultural Trader Index Month 3 2.58 4/2014 Discretionary Trader Index Month 7 2.58 4/2014 Agricultural Trader Index Month 6 2.73 2/2014 Agricultural Trader Index Month 7 1.20 1/2014 Agricultural Trader Index Month 10 0.30 12/2013 Agricultural Trader Index Month 6 2.45 4/2012 Agricultural Trader Index Month 5 1.46 9/2011 Agricultural Trader Index Month 4 1.11 6/2011 Agricultural Trader Index Month 7 5.21 8/2010 Agricultural Trader Index Month 3 6.00 5/2010 Discretionary Trader Index Month 5 6.00 5/2010 Agricultural Trader Index Month 7 3.70 4/2010 Discretionary Trader Index Month 10 3.70 4/2010 Agricultural Trader Index Month 6 0.32 2/2010 Agricultural Trader Index Month 10 2.02 1/2010 Agricultural Trader Index Month 6 0.73 11/2009 Agricultural Trader Index Month 5 2.03 10/2009 Agricultural Trader Index Month 5 3.64 9/2009 Agricultural Trader Index Month 10 2.39 8/2009 Agricultural Trader Index Month 2 3.36 7/2009 Agricultural Trader Index Month 7 2.42 6/2009 Agricultural Trader Index Month 4 4.50 4/2009 Agricultural Trader Index Month 5 3.09 2/2009 Agricultural Trader Index Month 7 2.22 1/2009 Agricultural Trader Index Month 6 3.03 12/2008 Discretionary Trader Index Month 7 2.36 11/2008 Agricultural Trader Index Month 2 2.36 11/2008 Discretionary Trader Index Month 5 4.07 9/2008 Agricultural Trader Index Month 4 4.07 9/2008 Discretionary Trader Index Month 4 8.27 8/2008 Agricultural Trader Index Month 4 8.27 8/2008 Agricultural Trader Index Month 3 7.72 7/2008 Discretionary Trader Index Month 3 7.72 7/2008 IASG CTA Index Month 10 7.72 7/2008 Agricultural Trader Index Month 7 1.73 5/2008 Agricultural Trader Index Month 8 1.60 4/2008 Discretionary Trader Index Month 7 4.25 3/2008 Agricultural Trader Index Month 2 4.25 3/2008 Agricultural Trader Index Month 10 0.00 2/2008 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