Tracking CTAs since 1994
CTA Profiles
Tracking CTAs since 1994
Principal(s): Jon Teer & Gustavo Azurdia
Strategy: Trend Following / Diversified
Request Disclosure Document
Sign Up to get Monthly Performance Reports by Email
Request Broker Assistance
Statistical Report - Leaf Subscribers Only
Interested in New Manager Listings? Sign up to receive notifications.
The general trading strategy of the SWMI program is trend following. No fundamental analysis is used. The strategy is not based on analysis of supply and demand factors, general economic factors or world events. The SWMI model generates its own entry and exit signals and trades both sides of the market (long and short). The SWMI model is very long term in time-frame focus. Approximately 27 domestic and international commodity interests may be traded. All markets are traded with equal parameters.
At Southwest Managed Investments risk management is giving high priority. If at all possible within existing market conditions, Southwest Managed Investment's trading system performs under the constraints of its risk management system. In the Global Diversified Program the risk management system helps eliminate the amount of risk in each market, group of related markets, and for the overall portfolio.
Risk is calculated daily for each model on all open positions. Each open position has an adverse reaction price point at which Southwest Managed Investments exits the position immediately. Within the model, various other techniques and filters are used to control risk in related markets and in the portfolio as a whole. Southwest Managed Investments employs an additional overriding filter to prevent initiating a position when the level of risk in the initiated position is at an abnormally high level.
In 1999, Jonathan Teer developed and began trading his own program, which was later named the Global Diversified Program. After trading this program for ten years, Jonathan became a Limited Liability Corporation, CTA Southwest Managed Investments. Mr. Teer has many years of experience in model development and the systemic trend following methodology. He has extensive backgrounds of over twenty years in the systemic trend following arena as industry participants and as investors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.92% | -1.29% | -0.56% | 3.27% | -4.75% | -6.27% | -6.27% | |||||||
| 2023 | -0.66% | -4.11% | -2.19% | -2.95% | -1.03% | -0.10% | -3.07% | -1.18% | 4.83% | -3.50% | -4.53% | 0.71% | -16.71% | -17.3% |
| 2022 | -1.04% | -5.64% | 7.13% | 10.85% | -6.56% | 1.96% | -1.73% | 1.85% | 6.07% | -1.68% | -5.40% | 0.19% | 4.52% | -6.99% |
| 2021 | 0.10% | 10.18% | -1.31% | -1.78% | -3.15% | -2.08% | 1.74% | 0.50% | 1.65% | 1.74% | -0.90% | -2.08% | 4.04% | -8.07% |
| 2020 | -6.29% | 0.65% | -4.10% | -1.44% | 3.15% | -0.77% | 24.79% | 9.65% | -8.39% | -5.81% | 2.91% | 5.36% | 16.82% | -13.71% |
| 2019 | -1.99% | -3.57% | -3.12% | 1.13% | 3.64% | -1.29% | -1.12% | 15.16% | -9.80% | -6.06% | 0.64% | -1.52% | -9.41% | -16.02% |
| 2018 | 6.98% | -8.22% | -3.90% | 4.87% | -1.49% | 0.07% | 0.75% | 7.47% | 5.99% | -3.53% | 4.94% | 1.42% | 14.94% | -11.8% |
| 2017 | -11.17% | -1.34% | -1.04% | -1.26% | -1.71% | -3.96% | 5.93% | 1.44% | -3.38% | 3.88% | -4.11% | 5.52% | -11.78% | -19.16% |
| 2016 | 2.63% | 8.11% | -3.09% | 1.77% | -7.22% | 1.55% | 1.76% | -2.62% | -4.19% | 8.31% | 6.17% | -5.33% | 6.56% | -11.78% |
| 2015 | 8.08% | 0.91% | 1.51% | -5.32% | -1.35% | -1.94% | 5.99% | -5.62% | 2.97% | -4.65% | 3.88% | -3.18% | 0.16% | -10.05% |
| 2014 | -3.67% | 11.38% | -4.00% | -2.59% | -1.71% | 4.83% | 1.45% | 0.32% | 20.12% | -1.80% | 11.81% | 4.45% | 44.94% | -8.09% |
| 2013 | -0.77% | -2.92% | 0.24% | -3.50% | -1.58% | 3.81% | -2.99% | -2.51% | -5.21% | -2.04% | 1.57% | -1.67% | -16.5% | -16.5% |
| 2012 | -10.87% | 5.86% | 1.60% | -4.17% | 44.73% | -6.27% | 2.35% | -4.97% | -6.69% | -6.03% | 1.80% | 2.68% | 11.09% | -20.06% |
| 2011 | -4.43% | -0.51% | -4.99% | 1.66% | -1.79% | -3.38% | 2.56% | 6.97% | 7.37% | -10.73% | -0.13% | -3.42% | -11.61% | -13.9% |
| 2010 | -3.37% | 0.65% | -0.51% | -0.66% | 4.78% | 3.32% | 0.12% | -1.86% | 14.82% | 5.29% | -4.65% | 5.76% | 24.65% | -4.65% |
| 2009 | -5.54% | -4.33% | -1.96% | -0.13% | 10.31% | -2.27% | 1.22% | 0.62% | -1.90% | -5.31% | 5.58% | -7.26% | -11.63% | -11.63% |
| 2008 | 1.99% | 14.30% | 1.74% | -4.77% | -3.54% | -4.49% | -7.09% | 16.40% | 9.74% | 21.89% | 1.52% | 1.59% | 55.26% | -18.49% |
| 2007 | -1.75% | -1.26% | 3.97% | 3.87% | 0.97% | -2.02% | -2.08% | -5.51% | 4.86% | 4.92% | 0.42% | 2.48% | 8.58% | -9.34% |
| 2006 | 1.62% | 2.55% | -0.22% | 15.73% | 0.78% | -6.14% | -4.32% | 1.57% | 3.55% | -0.10% | 7.14% | -6.35% | 14.82% | -10.19% |
| 2005 | -3.88% | 0.43% | -1.07% | -4.76% | 3.86% | 1.54% | 0.27% | -1.97% | -0.32% | -1.35% | 1.55% | -6.00% | -11.51% | -11.51% |
| 2004 | 0.76% | 0.59% | 3.67% | -8.10% | -0.53% | -4.65% | 1.08% | -4.84% | -0.09% | 4.48% | 7.01% | -0.09% | -1.69% | -16.24% |
| 2003 | 2.54% | 1.35% | -11.65% | 0.51% | 2.12% | -6.37% | 0.23% | -0.99% | 3.11% | 5.49% | -4.23% | 18.80% | 8.37% | -15.74% |
| 2002 | 0.87% | -1.66% | -0.08% | -5.19% | 0.00% | 11.66% | -3.51% | 2.73% | 1.58% | -3.83% | -4.68% | 8.55% | 5.13% | -8.33% |
| Years | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
|---|---|---|---|---|---|---|
| ROR | 5.13% | 8.37% | -1.69% | -11.51% | 14.82% | 8.58% |
| Max DD | -8.33% | -15.74% | -16.24% | -11.51% | -10.19% | -9.34% |
| Years | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|
| ROR | 55.26% | -11.63% | 24.65% | -11.61% | 11.09% | -16.50% |
| Max DD | -18.49% | -11.63% | -4.65% | -13.90% | -20.06% | -16.50% |
| Years | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|
| ROR | 44.94% | 0.16% | 6.56% | -11.78% | 14.94% | -9.41% |
| Max DD | -8.09% | -10.05% | -11.78% | -19.16% | -11.80% | -16.02% |
| Years | 2020 | 2021 | 2022 | 2023 | 2024 YTD |
|---|---|---|---|---|---|
| ROR | 16.82% | 4.04% | 4.52% | -16.71% | -6.27% |
| Max DD | -13.71% | -8.07% | -6.99% | -17.30% | -6.27% |
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.
