Typhon Capital Management, LLC : Leonidas Macro Fund

Year-to-Date
3.27%
Jul Performance
-8.82%
Min Investment
$ 100k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
13.19%
Sharpe (RFR=1%)
-0.53
CAROR
-6.63%
Assets
$ 1.3M
Worst DD
-20.63
S&P Correlation
0.19

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
4/2017
Leonidas Macro Fund -8.82 0.56 3.27 4.31 - - - -14.80
S&P 500 1.31 1.17 18.88 5.82 - - - 23.73
+/- S&P 500 -10.13 -0.61 -15.61 -1.51 - - - -38.53

Strategy Description

Summary

The Leonidas Macro Fund is a purely discretionary global macro strategy managed by George Michalopolous, who previously was an energy trader at Citadel Investment Group. Leonidas analyzes global monetary and fiscal policy, specifically how they change, or how they might change given... Read More

Account & Fees

Type
Fund
Minimum Investment
$ 100k
Trading Level Incremental Increase
$ 0k
CTA Max Funding Factor
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
0 RT/YR/$M
Avg. Margin-to-Equity
10%
Targeted Worst DD
Worst Peak-to-Trough
Sector Focus
Diversified Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
0%
1-30 Days
25.00%
Intraday
75.00%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
100.00%
Strategy Pie Chart

Composition

Other
100.00%
Composition Pie Chart

Summary

The Leonidas Macro Fund is a purely discretionary global macro strategy managed by George Michalopolous, who previously was an energy trader at Citadel Investment Group. Leonidas analyzes global monetary and fiscal policy, specifically how they change, or how they might change given certain catalysts such as rate policy meetings, and analyzes a portfolio that is as outcome-agnostic as possible. Leonidas attempts to express such catalysts through trades constructed with off-setting correlations, while maintaining positive expected value on as many elements of that portfolio as possible.

   

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
-20.63 -1 - 1/1/0001 6/1/2018
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Consecutive Gains

Run-up Length (Mos.) Start End
14.32 5 2/1/2019 6/1/2019
9.79 3 7/1/2018 9/1/2018
4.68 2 10/1/2017 11/1/2017
3.97 2 1/1/2018 2/1/2018
2.57 1 4/1/2018 4/1/2018
0.94 1 12/1/2018 12/1/2018
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Consecutive Losses

Run-up Length (Mos.) Start End
-13.38 6 4/1/2017 9/1/2017
-8.82 1 7/1/2019 7/1/2019
-7.03 1 3/1/2018 3/1/2018
-6.78 2 5/1/2018 6/1/2018
-6.20 2 10/1/2018 11/1/2018
-5.28 1 12/1/2017 12/1/2017
-0.93 1 1/1/2019 1/1/2019
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month
Number of Periods28.0026.0023.0017.0011.00
Percent Profitable50.0034.6230.4329.419.09
Average Period Return-0.50-1.14-2.86-5.52-8.43
Average Gain2.524.345.015.608.81
Average Loss-3.52-4.05-6.31-10.15-10.15
Best Period6.7311.7413.2617.738.81
Worst Period-8.82-10.45-13.38-17.94-16.31
Standard Deviation3.815.086.419.407.79
Gain Standard Deviation1.774.014.307.04
Loss Standard Deviation2.702.543.365.555.57
Sharpe Ratio (1%)-0.15-0.27-0.52-0.69-1.28
Average Gain / Average Loss0.721.070.790.550.87
Profit / Loss Ratio0.720.570.350.230.09
Downside Deviation (10%)3.334.717.8313.5717.65
Downside Deviation (5%)3.144.016.2910.3812.20
Downside Deviation (0%)3.103.835.929.6310.91
Sortino Ratio (10%)-0.27-0.50-0.68-0.77-0.91
Sortino Ratio (5%)-0.19-0.35-0.53-0.63-0.81
Sortino Ratio (0%)-0.16-0.30-0.48-0.57-0.77

Top Performer Badges

Index Award Type Rank Performance Period
Discretionary Trader Index Month 10 1.20 3/2019

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