Athena Pro Series

Athena Pro Series II Class C

Year-to-Date
N/A
Minimum Investment
100,000
Management Fee 2.00%
Performance Fee 20.00%
Annualized Volatility 27.37%
Sharpe (RFR=1%) 0.99
CAROR 26.13%
Assets 0
Worst Drawdown -68.03
S&P Correlation 0.14

Summary

-Athena Pro Series Fund began trading in April 2005. Athena Pro Series II is a fund of fund construction designed solely for OFF-Shore U.S. investors. Note that performance prior to April 2005 is a track record proforma of a blend of CTAs that were considered for allocation in April 2005. The trading idea is to generate steady monthly returns with low risk, as illustrate in the performance data. Its principal objective is to protect the principal, including will sacrifice potential profits and made every month consistent profits. This trading strategy is not dependent on market moves and is therefore suited to all types of market conditions. For example, instead of seeking to profit through the purchase of individual shares of stock, which are in the benchmark SP 500 Index, options are sold on the Index itself. When writing options on the SP 500 Index, the market can move up, down, or sideways within a specific range and still produce profits at, or as it nears, option expiration. Conversely, when buying stocks, the stock must move higher and/or pay good dividends to make the trade profitable. Athena Pro Series II C contains 2 CTAs trading different strategies and methodologies concentrating on U.S. stock indices. The aggressive program concentrates on short term arbitrage opportunities with positions open for less than one day and as many as 2-3 days. This Program trades big caps (SP 500), small caps (Russell 2000), and mid caps (Value Line and SP mid cap). Charts of these indexes and their spreads applying Bollinger Bands, and moving averages always looking for over-bought and over-sold conditions and trends on daily charts. The conservative program uses an approach to trading that relies heavily on selling or writing options on stock index futures. This program may also purchase options and may employ the use of hedge strategies such as option spreads, straddles, strangles or may purchase or sell futures to offset an open option position. The implementation of this trading program depends on both technical and fundamental considerations. The strategy typically utilizes an average of two to six week trade durations within given price levels while relying on charting techniques to identify trading ranges from one month to a year as well as seasonal and historical tendencies. Support and resistance levels for various time durations are also evaluated to assist in the entry and exit of positions. Prior to April 2005: This composite performance record is hypothetical and these trading advisors have not traded together in the manner shown in the composite. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any multi-advisor managed account or pool will or is likely to achieve a composite performance record similar to that shown. In fact, there are frequently sharp differences between a hypothetical composite performance record and the actual record subsequently achieved. One of the limitations of a hypothetical composite performance record is that decisions relating to the selection of trading advisors and the allocation of assets among those trading advisors were made with the benefit of hindsight based upon the historical rates of return of the selected trading advisors. Therefore, composite performance records invariably show positive rates of return. Another inherent limitation on these results is that the allocation decisions reflected in the performance record were not made under actual market conditions and, therefore, cannot completely account for the impact of financial risk in actual trading. Furthermore, the composite performance record may be distorted because the allocation of assets changes from time to time and these adjustments are not reflected in the composite.