Tracking CTAs since 1994
CTA Profiles
Tracking CTAs since 1994
Principal(s): Randall Cleland
Strategy: Fundamental / Livestock / Futures & Options
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The trading strategy attempts to identify optimal trading opportunities. The approach is primarily guided by observation of spreads within a particular market. It is the assumption of TCC that, by studying and investing in the spreads between contract months, commodities, and various commodity classes, an investor can earn substantial profits with acceptable risks. TCC believes that the spread markets provide numerous trading opportunities as speculators, hedgers, and commercial interests move commodity positions from one contract month, commodity, or commodity class to another. TCC may refine or change its trading approach (including enhancements or changes to the trading system or deletion of commodity interests traded) at any time without prior notice.
The Program’s portfolio is structured to include various outright positions and spread positions. The Program’s return objectives are 25-35% with potential annual drawdowns contained under 15-20%. The average margin-to-equity ratio is approximately 10% - 30%.
This Program may trade futures and option contracts in any agricultural market traded on a U.S. Futures exchange. To effectively capture trends over all markets, the Program requires no less than $50,000 for each account and anticipates approximately 2,500 round turns per $1,000,000.
N/A
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR* | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.57% | -1.03% | 0.33% | 0.67% | 1.54% | -1.03% | ||||||||
| 2023 | 1.71% | 0.00% | 0.04% | -0.38% | 0.53% | 0.38% | -2.90% | 0.13% | -0.76% | -0.25% | 1.21% | -0.12% | -0.41% | -3.75% |
| 2022 | 1.82% | -0.33% | 3.12% | 2.68% | 1.09% | -0.29% | -5.52% | 0.76% | 1.49% | -0.40% | 0.71% | 1.29% | 6.42% | -5.79% |
| 2021 | 0.96% | -1.04% | -0.54% | 0.44% | -2.87% | 2.26% | 1.40% | 1.09% | 2.37% | 0.40% | 2.37% | -0.16% | 6.68% | -3.98% |
| 2020 | -2.12% | 1.75% | -2.61% | -1.00% | 1.95% | 1.37% | -0.04% | -1.83% | -1.11% | -1.60% | -0.07% | -1.75% | -7.06% | -6.96% |
| 2019 | 0.65% | -2.04% | -0.64% | 1.75% | -0.60% | -2.19% | 2.92% | 4.29% | -2.07% | 1.70% | 0.18% | 0.18% | 4.13% | -3.71% |
| 2018 | -0.70% | -1.69% | 2.57% | -0.09% | 1.41% | 4.80% | 0.71% | -3.15% | -0.10% | 0.76% | -0.85% | 1.23% | 4.9% | -3.34% |
| 2017 | 0.63% | -1.54% | -0.23% | -1.32% | 0.12% | 2.92% | 1.92% | 3.01% | 1.01% | -3.36% | 2.30% | -0.26% | 5.2% | -3.36% |
| 2016 | -0.41% | -1.17% | -0.25% | 1.47% | -0.09% | -0.28% | 4.04% | 0.51% | 2.06% | 0.66% | -0.82% | -1.33% | 4.39% | -2.14% |
| 2015 | 4.57% | 2.20% | -4.32% | 1.42% | -0.68% | 0.09% | 4.11% | -2.72% | -2.23% | 0.81% | -0.83% | 3.02% | 5.44% | -4.91% |
| 2014 | 0.32% | 3.61% | 1.29% | 3.93% | 5.92% | 2.63% | 0.39% | -2.43% | -3.60% | 2.98% | 1.18% | -0.51% | 15.71% | -5.94% |
| 2013 | -2.08% | -1.80% | -0.97% | 0.05% | 1.84% | 2.17% | 1.27% | -2.13% | 1.03% | -0.59% | 2.52% | 2.86% | 4.17% | -4.78% |
| 2012 | 0.16% | -0.82% | 2.95% | -0.84% | 1.90% | 7.13% | 1.93% | -0.14% | -3.03% | -0.80% | -1.03% | -2.43% | 4.98% | -7.25% |
| 2011 | 0.45% | 3.48% | 0.97% | 2.11% | 2.46% | 5.50% | 2.94% | 5.76% | -2.06% | -3.55% | -2.52% | -1.04% | 14.5% | -8.88% |
| 2010 | 4.55% | 0.50% | 2.23% | 6.48% | -5.25% | 6.19% | 2.42% | -2.37% | 1.74% | 9.63% | -4.73% | 0.16% | 21.55% | -5.25% |
| 2009 | 0.16% | -4.43% | 3.15% | -1.51% | 0.32% | 7.09% | -0.02% | 7.04% | -1.03% | -12.34% | -1.07% | 2.53% | -0.11% | -14.17% |
| 2008 | -0.61% | 54.80% | 24.60% | 14.25% | 17.59% | -7.51% | 11.03% | 114.15% | -7.51% | |||||
*The Annual ROR (Rate of Return) for Fixed Trade Level Accounts has been calculated by adding each monthly return.
| Years | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|
| ROR | 114.17% | -0.09% | 21.54% | 14.50% | 4.95% | 4.18% |
| Max DD | -7.51% | -14.17% | -5.25% | -8.88% | -7.25% | -4.78% |
| Years | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|
| ROR | 15.72% | 5.44% | 4.39% | 5.23% | 4.90% | 4.14% |
| Max DD | -5.94% | -4.91% | -2.14% | -3.36% | -3.34% | -3.71% |
| Years | 2020 | 2021 | 2022 | 2023 | 2024 YTD |
|---|---|---|---|---|---|
| ROR | -7.05% | 6.68% | 6.42% | -0.41% | 1.54% |
| Max DD | -6.96% | -3.98% | -5.79% | -3.75% | -1.03% |
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.