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Manager List    »    Demeter Capital Management    »   

Demeter Capital Management - Livestock & Grain Trading Program

Principal(s): James Hamman & David Hamman
Strategy: Discretionary / Agricultural
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Statistics & Program Information

Feb Return   -1.45% Worst Drawdown (2)    -23.69% Minimum Investment   $50,000
YTD Return   -2.72% Losing Streak (3)    -23.69 % AUM (5)   $10,200,000
Annualized Return1 5.81% Sharpe Ratio (4)   0.34 Calmar Ratio (6)    N/A
1) The Annualized Return annualizes the average monthly return
Trading Methodology
100% Discretionary
Style Sub-Categories
Fundamental
Trading Style
50% Spread Trading
45% Option Trading
5% Outright Futures
Market Sector
30% Agriculturals
70% Meats
Holding Period
20% Long Term
40% Medium Term
40% Short Term
Geographic Sector
US
Contracts:
Futures
Options

Start Date   Mar-2010 Currency   US Dollar Margin (7)   20%
New Money   Yes AUM (5)   $10,200,000 Management Fee    2.00%
Min Investment    $50,000 Annual ROR (1)    5.81% Incentive Fee    20.00%
Fund Minimum    $500,000 Losing Streak (3)    -23.69 % Other Fees   None
Notional Funds    Yes Worst Drawdown (2)    -23.69 % Avg Comm (8)   $25
NFA Member    Yes Sharpe Ratio (4)    0.34 Max Comm (9)   0.00
NFA Number    0410573 Calmar Ratio (6)    N/A Round Turns (10)    1,500
Starting Date:  Mar-2010 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $10,200,000
Open to US Investors:  Yes Annualized CROR:  5.23%
Minimum Fund Investment:  $500,000 Worst Monthly Drawdown:  -22.08
Minimum Managed Account:  $50,000 Current Losing Streak:  -23.69 %
Domocile:   Calmar:  N/A
Subscriptions:  N/A Sharpe Ratio:  0.34
Redemptions:  N/A US Attorney:  Not Listed
Lock Up:  N/A Offshore Attorney:  Not Listed
Hurdle Rate:  N/A Administrator:  Not Listed
Administraton Fee:  0.00% Prime Broker:  Not Listed
Management Fee:  2.00% Auditor:  Not Listed
Incentive Fee:  20.00% NFA Member:  Yes
Selling Fee:  0.00% FINRA Member:  No
Other Fees:  None Other Memberships:  None
Type of Fund:
Domicile:
Strategy:
Track Record Prepared By: Kelly Hollingsworth
Correlations: AG CTA Index: 0.300              AG Discretionary CTA Index: 0.353             

Trading Description, Risk Strategy & Background

The Program attempts to generate profits through the Advisor's discretionary selection of futures and options trades in agricultural markets. Trades are selected on the basis of fundamental analysis, which is concerned with any factor that would affect the supply and demand, and therefore the price, of a given instrument. The Advisor's market analysis tends to focus on seasonal trends and year-to-year comparisons. The Advisor absorbs and interprets a wide range of research on a daily basis, employing its principals' combined 40+ years of experience in agricultural futures markets. However, there is no assurance the Program will meet its objectives or that clients will avoid substantial losses.

In keeping with its principals' expertise, the Program is restricted to agricultural markets. The Advisor may trade in futures, and options on futures, in any of the following markets: Lean Hogs, Live Cattle, Feeder Cattle, Corn, Soybeans, Soybean Oil, Soybean Meal, Wheat, Kansas City Wheat, Cotton, and Sugar. The Advisor generally will hold positions from one to five weeks. However, occasionally positions will be offset or liquidated in the same day they were initiated, or held for periods of ten weeks or more.

The Program generally involves trading spreads in the futures, and purchasing options outright. However, the Advisor occasionally may initiate a flat (non-spread) futures position (either long or short). The Advisor seldom sells options (puts or calls) outright to capture premium, except in cases of a call/put spread (buying one strike while selling another strike). The Advisor generally does not attempt to straddle markets to capture premium (selling out of money calls/puts).

Performance

Monthly Performance Since March 2010

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR* Max DD
2025 -1.27% -1.45%   -2.72% -2.7%
2024 0.32% -0.12% -0.54% 2.09% -0.65% -0.30% -0.32% -0.04% 0.00% 0.00% -0.15% 0.55% 0.84% -1.45%
2023 -1.43% -0.46% -0.92% -0.24% -0.84% 0.10% -0.16% -0.26% -0.85% 0.01% -0.08% -0.38% -5.51% -5.38%
2022 3.94% 7.45% -5.49% -0.54% -3.13% -4.73% 1.08% -0.14% -0.88% 0.57% -1.45% -0.89% -4.21% -14.74%
2021 5.30% -8.35% 1.53% 1.62% -0.92% 0.99% -2.47% -2.70% -1.23% -1.32% 0.53% 0.23% -6.79% -12.49%
2020 -0.20% 0.41% 10.57% 7.20% 1.38% 3.44% -1.43% -0.42% -0.91% 3.02% -0.06% 4.42% 27.42% -2.74%

*The Annual ROR (Rate of Return) for Fixed Trade Level Accounts has been calculated by adding each monthly return.

Annual Performance

Years201020112012201320142015
ROR43.08%6.48%0.33%8.09%20.61%-1.73%
Max DD-20.92%-12.49%-9.66%-2.68%-3.42%-7.56%

Years201620172018201920202021
ROR0.04%12.50%5.98%-11.49%27.42%-6.79%
Max DD-4.47%-5.01%-2.90%-12.89%-2.74%-12.49%

Years2022202320242025 YTD
ROR-4.22%-5.51%0.84%-2.72%
Max DD-14.74%-5.38%-1.45%-2.70%



PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

VAMI, Assets under Management & Worst Drawdown

VAMI, AUM & Worst Drawdown (since Mar 2010)$0$0 $600$1,200$1,800$2,400$3,000$6 $12 $18 $24 $30 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025$1,000 $2,767 $2,155VAMIAssets in Millions Assets Under ManagementVAMI (Red Line Indicates Max Drawdown)

Monthly Returns

Monthly Returns (since Mar 2010)-48%-24%24%48%72%2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20250% Month/Year

Accounting Notes:

In July 2012 the Assets Under Managed dropped by $2,400,000 due to the closing of Peregrine Financial Group.

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, FOREIGN EXCHANGE ('FOREX') AND/OR CRYPTOCURRENCIES IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

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.

 
$2,155