Tracking CTAs since 1994
Horizon3 Investment Management LLP
CTA Programme
Principal(s): David Beach, Per Thanning Wimmer, Sanjeev Lakhanpal & Paul Netherwood
Strategy: Quantitative with Discretionary Macro Overlay
Investment Restrictions: 4.7 Exempt - QEPs Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
The Horizon3 Program blends scientific, engineering and behavioral disciplines to capture market behavior and deliver a robust, skewed risk/return profile. Unique strategy which uses Linear methods (e.g. Digital Signal Processing) combined with non-linear methods (e.g. Pattern Recognition) in a rigorous, automated and adaptive system to deal with the changeable nature of markets. A maximization of diversification with adaptive portfolio construction methodology of over 125 liquid markets in financial and commodity futures as well as FX, constantly looking for best diversifying and non-correlated opportunities. Horizon3 has a long track record of adding diversification to investor portfolios with its low correlation to traditional markets such as stocks and bonds as well as low correlation to other CTA strategies.
N/A
Horizon3 Investment Management LLP is run by Mr Sanjeev Lakhanpal and Dr Paul Netherwood. Both have well over 20 years of experience in the financial sector and fund management business. They are supported by a team of quants, software engineers, technology specialists, operations staff and traders.
The founders have a long established track record in institutional fund management with over 30 years experience in the industry. The main fund has a 17 year track record. Horizon3 Investment Management LLP was established in 2005 (formerly Wimmer Horizon LLP and Beach Horizon LLP and which was originally part of Beach Capital Management which was founded in 1998). Its founders have managed billion dollar funds and have had many decades experience in managing institutional assets. The firm’s clients over the years have included pension funds, sovereign wealth funds, fund of funds, wealth management advisors and high net worth individuals. Clients are from around the globe including the USA, Switzerland, Europe, the Middle East and Asia.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.29% | -1.59% | – | – | – | – | – | – | – | – | – | – | -0.32% | -1.59% |
| 2025 | -0.22% | -1.14% | -0.32% | -0.68% | -0.38% | 0.45% | -1.59% | -1.90% | 0.62% | 1.03% | -2.87% | -1.38% | -8.13% | -8.13% |
| 2024 | -5.45% | -0.13% | -1.23% | 4.99% | -2.96% | -0.90% | -2.70% | -1.20% | 0.42% | -0.41% | -0.03% | -0.11% | -9.58% | -9.58% |
| 2023 | -1.06% | -2.21% | -3.75% | 0.99% | 3.95% | -2.45% | -5.15% | -4.21% | 5.93% | 2.87% | -10.45% | 6.01% | -10.38% | -15.46% |
| 2022 | -0.06% | 3.16% | 5.30% | 0.54% | -3.19% | 6.30% | -5.67% | 4.22% | 12.86% | -1.51% | -1.78% | -0.03% | 20.52% | -5.67% |
| 2021 | -3.89% | 7.14% | 2.43% | -0.12% | -0.21% | -1.13% | 0.41% | -1.15% | 4.12% | 7.93% | -2.89% | -2.77% | 9.46% | -5.58% |
| 2020 | 1.65% | 6.45% | 6.05% | -5.66% | -2.44% | -1.33% | 6.17% | -0.48% | -2.25% | 3.78% | -1.78% | 4.43% | 14.56% | -9.19% |
| 2019 | -6.62% | 1.95% | 2.22% | 2.87% | -0.27% | 1.32% | 0.18% | 4.61% | -8.58% | -2.22% | 2.11% | 1.35% | -1.93% | -10.61% |
| 2018 | 3.16% | -8.31% | 6.25% | -1.93% | -3.49% | -4.55% | -3.73% | 7.20% | -5.46% | -2.93% | 0.01% | 3.56% | -10.95% | -16.65% |
| 2017 | -1.80% | 0.51% | -4.58% | 0.79% | -1.19% | -6.26% | 2.82% | 2.72% | -7.10% | 8.30% | 2.72% | -0.90% | -4.86% | -13.70% |
| 2016 | 4.23% | 4.20% | -5.55% | -3.20% | -5.28% | 4.87% | 2.91% | -2.09% | -1.54% | -2.29% | 6.07% | -1.50% | -0.10% | -13.40% |
| 2015 | 3.57% | 2.03% | 0.80% | -5.48% | -1.02% | -4.50% | 5.22% | 5.16% | 2.15% | -6.62% | 3.87% | 0.89% | 5.29% | -10.65% |
| 2014 | 1.95% | 0.82% | -1.46% | 1.68% | 3.19% | -2.38% | 4.24% | 4.23% | 8.72% | 3.04% | 7.29% | 4.58% | 41.67% | -2.38% |
| 2013 | 1.45% | -3.82% | -0.31% | 3.19% | -1.27% | -1.85% | -4.22% | -0.82% | -1.84% | 3.50% | 0.36% | -1.73% | -7.42% | -10.60% |
| 2012 | -2.69% | -1.45% | -3.49% | -0.32% | 7.26% | -7.25% | 3.35% | -3.00% | -4.88% | -4.76% | -2.05% | -0.66% | -18.89% | -18.89% |
| 2011 | 1.23% | 3.95% | -2.21% | 4.47% | -4.81% | -3.90% | 5.53% | 0.58% | -0.71% | -6.39% | 3.66% | -0.13% | 0.43% | -9.75% |
| 2010 | -3.93% | -0.07% | 5.13% | 2.04% | -7.89% | 0.37% | -4.67% | 4.31% | 2.71% | 7.05% | -3.50% | 9.21% | 9.71% | -11.87% |
| 2009 | 0.44% | 1.02% | -3.45% | -2.99% | -1.09% | -2.25% | -1.18% | 3.64% | 2.09% | -4.68% | 7.64% | -1.27% | -2.68% | -10.51% |
| 2008 | 10.62% | 20.72% | -2.33% | -3.77% | 2.30% | 6.36% | -10.69% | -4.22% | 7.11% | 17.10% | 6.87% | 5.10% | 64.54% | -14.47% |
| 2007 | 1.97% | -2.81% | -2.45% | 4.99% | 5.07% | 3.71% | -6.42% | -9.65% | 7.44% | 9.25% | -2.03% | 5.90% | 13.90% | -15.45% |
| 2006 | 6.36% | -4.13% | 6.74% | 9.79% | -3.81% | -4.90% | -5.04% | 1.22% | -2.40% | 4.35% | 0.77% | 2.18% | 10.19% | -14.18% |
| 2005 | – | – | – | – | 4.69% | 3.39% | -2.54% | 3.99% | 1.69% | -3.01% | 10.38% | 0.74% | 20.30% | -3.01% |
Track Record Compiled By: N/A
Accounting Notes: Prior trading names: Wimmer Horizon LLP (29th Jan 2019 - 20th Jan 2023), Beach Horizon LLP (26 May 2004 - 29 Jan 2019). The composite monthly net performance results shown in the table above are net of all management fees, incentive fees and brokerage commissions and related transaction fees and expenses. Certain accounts managed by Horizon3 Investment Management LLP and/or its principals have been excluded from the composite table because such accounts had materially differences in rates of return from the accounts included in the composite. In addition, for various reasons including, without limitation, the timing of the commencement or cessation of trading for an account, the size of an account, the levels of fees and expenses charged to account, the degree of leverage employed and other differences, an individual account may have realized more or less favorable results than the composite results indicate. Total AUM equals the notional value of all accounts traded by Horizon3 Investment Management LLP and its principals.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.>
Risk Disclosure
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.
THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.
AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.