Zafiro Capital Sárl : Zafiro Capital Commodities Trading Fund Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Apr Performance -17.77% Min Investment $ 100k Mgmt. Fee 2.00% Perf. Fee 20.00% Annualized Vol 52.91% Sharpe (RFR=1%) 0.33 CAROR 5.14% Assets $ 1.3M Worst DD -50.13 S&P Correlation 0.32 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 Apr Qtr YTD 1yr 3yr 5yr 10yr Since11/2014 Zafiro Capital Commodities Trading Fund -17.77 - - - - 39.10 - 13.34 S&P 500 0.91 - - - - 70.55 - 77.82 +/- S&P 500 -18.68 - - - - -31.45 - -64.47 Strategy Description SummaryZafiro Capital Commodities Trading Fund is based in the Cayman Islands and was launched on 3rd November 2014. The oil-focused commodities strategy will utilise futures and options to generate superior absolute returns. The strategy is both discretionary and fundamental with mostly... 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 $0 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency 15-30 Days Redemption Frequency 15-30 Days Investor Requirements QEP Lock-up Period 0 Trading Trading Frequency RT/YR/$M Avg. Margin-to-Equity 5% Targeted Worst DD Worst Peak-to-Trough Sector Focus Energy Traders Holding Periods Over 12 Months 0% 4-12 Months 50.00% 1-3 Months 30.00% 1-30 Days 20.00% Intraday 0% Decision-Making Discretionary 100.00% Systematic 0% Strategy Fundamental 100.00% Composition Energy 80.00% Industrial Metals 8.00% Precious Metals 7.00% Grains 3.00% Softs 2.00% SummaryZafiro Capital Commodities Trading Fund is based in the Cayman Islands and was launched on 3rd November 2014. The oil-focused commodities strategy will utilise futures and options to generate superior absolute returns. The strategy is both discretionary and fundamental with mostly micro-reasoned positions to create diversity and de-correlation from other managers, strategies and the macro environment.Investment StrategyOur strategy will be to concentrate on investing and trading in exchange traded commodity futures, along with a smaller involvement in exchange traded options on commodity futures. The use of options may often be employed to protect the portfolio from the possibility of exogenous economic, geopolitical and weather events, while it can also be used to take advantage of the potential for incalculable volatility events during times of political or seasonal-weather related uncertainty. We anticipate that the majority of our risk (around 70%) will be in energy, and the remaining 30% will be split between base and precious metals, and agricultural commodities. However, we may make use of diversified strategies if the appropriate opportunity arises.Risk ManagementThe board has ultimate control of the risk management of the fund, while the CFO/COO, Tony Simmonds, is responsible for the risk management of the Investment Manager. Tony is an ex-colleague of the IM, Stephen Smethurst, and has 25 years experience in a wide array of financial and operational roles. Extensive support with regards to risk management, including daily and intra-day internal risk reporting, will also be provided from the fund administrators, SS&C GlobeOp. We will employ a number of active risk management techniques to ensure we effectively balance long-term performance with shorter-term volatility. 5% of AUM is the hard VaR limit, at a 95% confidence level. We anticipate on running at around half this level in the medium to long term. 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 -50.13 4 7 10/1/2015 2/1/2016 -25.75 2 - 2/1/2017 4/1/2017 -18.32 5 5 12/1/2014 5/1/2015 -5.78 1 1 9/1/2016 10/1/2016 Show More Consecutive Gains Run-up Length (Mos.) Start End 75.75 2 3/1/2016 4/1/2016 74.04 4 6/1/2016 9/1/2016 30.83 4 11/1/2016 2/1/2017 24.19 5 6/1/2015 10/1/2015 4.37 2 11/1/2014 12/1/2014 1.82 1 2/1/2015 2/1/2015 Show More Consecutive Losses Run-up Length (Mos.) Start End -50.13 4 11/1/2015 2/1/2016 -25.75 2 3/1/2017 4/1/2017 -23.30 1 5/1/2016 5/1/2016 -18.16 3 3/1/2015 5/1/2015 -5.78 1 10/1/2016 10/1/2016 -1.97 1 1/1/2015 1/1/2015 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month Number of Periods30.0028.0025.0019.0013.00 Percent Profitable60.0057.1452.0057.8969.23 Average Period Return1.545.5313.9720.5120.71 Average Gain10.2220.7542.4248.3237.42 Average Loss-11.47-14.77-16.86-17.73-16.90 Best Period37.9764.1299.18189.1766.86 Worst Period-35.21-46.73-47.30-49.32-30.13 Standard Deviation15.2823.5040.6354.1034.07 Gain Standard Deviation11.6417.0636.4055.4825.41 Loss Standard Deviation9.8713.1212.8115.5114.04 Sharpe Ratio (1%)0.100.220.330.360.56 Average Gain / Average Loss0.891.412.522.722.21 Profit / Loss Ratio1.341.872.733.754.98 Downside Deviation (10%)9.6013.3115.8617.5015.28 Downside Deviation (5%)9.4412.8214.7215.3712.24 Downside Deviation (0%)9.4012.6914.4414.8711.55 Sortino Ratio (10%)0.120.320.720.890.86 Sortino Ratio (5%)0.150.410.911.271.57 Sortino Ratio (0%)0.160.440.971.381.79 Top Performer Badges Index Award Type Rank Performance Period Discretionary Trader Index Month 8 2.38 2/2017 Discretionary Trader Index Month 1 7.00 12/2016 Discretionary Trader Index Month 1 18.76 11/2016 Discretionary Trader Index Month 1 17.78 9/2016 Discretionary Trader Index Month 4 5.47 8/2016 Discretionary Trader Index Month 1 32.12 7/2016 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