LEVEL III Management LLC : LEVEL III TRADING PARTNERS, L.P.

archived programs
Year-to-Date
N / A
Jun Performance
8.58%
Min Investment
$ 100k
Mgmt. Fee
0%
Perf. Fee
20.00%
Annualized Vol
69.62%
Sharpe (RFR=1%)
0.63
CAROR
24.71%
Assets
$ 1.7M
Worst DD
-58.26
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 Jun Qtr YTD 1yr 3yr 5yr 10yr Since
8/2007
LEVEL III TRADING PARTNERS, L.P. 8.58 - - - - - 26.82 137.45
S&P 500 -1.83 - - - - - 7.86 119.55
+/- S&P 500 10.41 - - - - - 18.96 17.90

Strategy Description

Investment Strategy

The primary investment objective of the Partnership is growth of capital. The business of the Partnership is buying and selling futures contracts, futures options, and any rights pertaining thereto. The Partnership shall take positions across all sectors of the futures... Read More

Account & Fees

Type Fund
Minimum Investment $ 100k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor 1.00
Management Fee 0%
Performance Fee 20.00%
Average Commission $0
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency 15-30 Days
Redemption Frequency 15-30 Days
Investor Requirements Any Investor
Lock-up Period 3

Trading

Trading Frequency 4000 RT/YR/$M
Avg. Margin-to-Equity 15%
Targeted Worst DD
Worst Peak-to-Trough 50.00%
Sector Focus Diversified Traders

Holding Periods

Over 12 Months 0%
4-12 Months 2.00%
1-3 Months 8.00%
1-30 Days 80.00%
Intraday 10.00%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Counter-trend
10.00%
Fundamental
20.00%
Option-writing
10.00%
Pattern Recognition
40.00%
Technical
20.00%
Strategy Pie Chart

Composition

Grains
20.00%
Stock Indices
20.00%
Currency Futures
15.00%
Energy
15.00%
Interest Rates
10.00%
Industrial Metals
5.00%
Precious Metals
5.00%
Livestock
5.00%
Softs
5.00%
Composition Pie Chart

Investment Strategy

The primary investment objective of the Partnership is growth of capital. The business of the Partnership is buying and selling futures contracts, futures options, and any rights pertaining thereto. The Partnership shall take positions across all sectors of the futures markets including, but not limited to, grains, financials, metals, softs, energies, meats, currencies, and stock indices. The Partnership shall purchase and sell both futures contracts and options on futures contracts in these sectors. The Partnership may also invest and trade in private securities, including privately held micro-cap companies. The General Partner intends to employ an opportunistic strategy that will allow flexibility and optimal performance through the employment of various risk management techniques. It is estimated that the Partnership will, in general, invest approximately 90% to 100% of its assets in commodity futures and 0% to 10% of its assets in private securities, however, these percentages may be substantially more or less at the discretion of the Partnership's Investment Manager.

The Partnership shall implement three trading strategies with respect to its commodity futures investments. The first strategy is long-term in nature. Trades executed pursuant to this strategy can be held for a few weeks to many months. The long term strategy is based upon an analysis of both technical and fundamental conditions. The Commitments of Traders report is analyzed carefully in determining market sentiment. The second trading system is based on option selling and covered put and call strategies. The third strategy is short-term trading. Positions held under this strategy may be maintained anywhere from a few minutes to a few days. Such trades take advantage of short term market anomalies. Inter-market and intra-market spreads along with relative strength of market relationships are used in determining trades.

   

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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Sharpe Ratio: (RF=1%)
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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
-58.26 6 6 8/1/2008 2/1/2009
-51.63 2 6 11/1/2007 1/1/2008
-31.87 3 3 8/1/2009 11/1/2009
-30.06 1 1 9/1/2007 10/1/2007
-27.46 4 5 4/1/2010 8/1/2010
-14.68 1 1 1/1/0001 8/1/2007
-5.38 1 1 1/1/2011 2/1/2011
-0.91 1 1 4/1/2011 5/1/2011
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Consecutive Gains

Run-up Length (Mos.) Start End
172.70 7 2/1/2008 8/1/2008
109.38 2 3/1/2009 4/1/2009
72.07 5 12/1/2009 4/1/2010
53.54 1 11/1/2007 11/1/2007
40.68 5 9/1/2010 1/1/2011
38.42 1 9/1/2007 9/1/2007
24.16 3 6/1/2009 8/1/2009
23.25 1 7/1/2010 7/1/2010
12.74 2 3/1/2011 4/1/2011
8.58 1 6/1/2011 6/1/2011
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Consecutive Losses

Run-up Length (Mos.) Start End
-58.26 6 9/1/2008 2/1/2009
-51.63 2 12/1/2007 1/1/2008
-31.87 3 9/1/2009 11/1/2009
-30.06 1 10/1/2007 10/1/2007
-25.26 1 8/1/2010 8/1/2010
-21.25 2 5/1/2010 6/1/2010
-14.68 1 8/1/2007 8/1/2007
-5.38 1 2/1/2011 2/1/2011
-4.74 1 5/1/2009 5/1/2009
-0.91 1 5/1/2011 5/1/2011
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year
Number of Periods47.0045.0042.0036.0030.0024.00
Percent Profitable59.5762.2266.6791.6790.0091.67
Average Period Return3.7210.0619.2232.8249.7375.84
Average Gain16.2328.8439.7336.7056.4383.61
Average Loss-14.71-20.87-21.81-9.87-10.61-9.60
Best Period59.7799.45147.64169.07155.92180.34
Worst Period-33.58-41.11-58.26-14.95-18.16-12.09
Standard Deviation20.1032.2244.4635.1942.3650.69
Gain Standard Deviation15.0024.9339.8234.1639.1445.33
Loss Standard Deviation9.6213.1414.914.486.673.52
Sharpe Ratio (1%)0.180.300.420.901.141.46
Average Gain / Average Loss1.101.381.823.725.328.71
Profit / Loss Ratio1.632.283.6440.9247.8795.82
Downside Deviation (10%)11.3115.6816.294.566.015.77
Downside Deviation (5%)11.1315.1615.323.314.203.43
Downside Deviation (0%)11.0915.0315.083.043.772.86
Sortino Ratio (10%)0.290.561.036.107.0111.36
Sortino Ratio (5%)0.330.651.229.6111.4821.54
Sortino Ratio (0%)0.340.671.2710.8013.1926.50

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.