Dairy Opportunities LLC

Dairy Opportunities

Year-to-Date
N/A
Minimum Investment
$ 100,000
Management Fee 0.00%
Performance Fee 20.00%
Annualized Volatility 20.11%
Sharpe (RFR=1%) 1.00
CAROR 21.04%
Assets $2,949,941
Worst Drawdown -18.13
S&P Correlation 0.07

Summary

The Dairy Opportunities Program (the “Program”) is a discretionary trading program managed by Joseph Schmit, Dairy Opportunities LLC’s (“Dairy Opportunities”) head trader and portfolio manager. At least 90% of the Program’s trades are placed in the dairy futures/options market. The trader reserves the right to allocate a small percentage of trades to the grain and livestock futures markets if favorable conditions exist. The Program is completely discretionary, meaning trading decisions are made based on Joe’s analysis of market information and conditions. In 1998, Joe traded his first dairy futures contract while serving as the Iowa Grain Company desk manager. Soon after, he began to trade his own account, as well as holding trading authority for several client accounts. As the dairy market matured, he developed a proven trading style that has delivered positive results over time while mitigating risk. Joe acted as an independent floor broker from 2000-2007. In 2007, he became an AP of Rice Dairy where he continued to grow assets under management. In 2009, Joe launched Dairy Opportunities, a Commodity Trading Advisor. Pete Turk and Brian Rice joined the Dairy Opportunities team as partners in 2013. From inception, Dairy Opportunities maintained a 35-50% margin/equity ratio. In April 2014, the margin/equity ratio was lowered to 7-14%. Today, Joe holds a Series 3 license, and is a registered AP and partner of Rice Dairy, while continuing to serve as a principal and the sole trader of Dairy Opportunities CTA.