Beann Capital

Honeybee Fund LP

Year-to-Date
N/A
Minimum Investment
$ 100,000
Management Fee 2.00%
Performance Fee 20.00%
Annualized Volatility 40.13%
Sharpe (RFR=1%) 0.27
CAROR 4.81%
Assets $4,876,690
Worst Drawdown -35.33
S&P Correlation -0.39

Summary

Roughly ten years ago, we developed the core piece of Honeybee, the machine learning algorithm currently in use at Beann Capital. It took three years of work to flesh it all out, and then another year to ‘teach’ it what the S&P 500 was, and how to trade it.

At that point, a proprietary trading group was formed and we began trading our own capital live. That account was traded from 2008 to 2014, at which point the results were encouraging enough (we quadrupled our initial investment) that the decision was made to make this available to a larger group, and Beann Capital was launched.

Initially, the company acted as an invitation-only commodity pool operator, offered to close friends, family, and associates. The underlying system was identical to what we had been using earlier in the proprietary group, only done through a different type of legal entity, and we had encouraging results in 2015. In early 2016 Beann Capital expanded its registration to become a CTA with the ability to offer access to Honeybee through separately managed futures accounts.