CTA Profiles

Manager List » NickJen Capital Management & Consultants, LLC »

NickJen Capital Management & Consultants, LLC - Natural Resources (NRD-1)

Principal(s): Nicholas Gentile & Lisa Parrinelli
Strategy: Discretionary / Fundamental / Diversified
Request Disclosure Document
Investment Restrictions: 4.7 Exempt - QEPs Only++

Statistics & Program Information

Sep Return 0.01%	Worst Drawdown ⁽²⁾ -5.46%	Minimum Investment $1,000,000
YTD Return -0.85%	Losing Streak ⁽³⁾ -5.17 %	AUM⁽⁵⁾ $14,000,000
Annualized CROR ⁽¹⁾ 1.42	Sharpe Ratio ⁽⁴⁾ 0.15	Calmar Ratio ⁽⁶⁾ N/A

Trading Methodology 100% Discretionary	Style Sub-Categories Fundamental Momentum Option Spread Mean Reversion	Trading Style 10% Spread Trading 5% Option Trading 85% Fundamentals
Market Sector 10% Currencies 10% Metals 5% Energies 35% Agriculturals 5% Meats 35% Softs	Holding Period 15% Long Term 45% Medium Term 40% Short Term	Sector US Global Contracts Options

Start Date Apr-2008	Currency US Dollar	Margin ⁽⁷⁾ 0.05
New Money Yes	AUM ⁽⁵⁾ $14,000,000	Management Fee 1.00%
Min Investment $1,000,000	Annualized CROR ⁽¹⁾ 1.42	Incentive Fee 20.00%
Fund Minimum $0	Losing Streak ⁽³⁾ -5.17 %	Other Fees None
Notional Funds Yes	Worst Drawdown ⁽²⁾ -5.46 %	Avg Comm ⁽⁸⁾ $4.00
NFA Member Yes	Sharpe Ratio ⁽⁴⁾ 0.15	Max Comm ⁽⁹⁾ 0.00
NFA Number 0475724	Calmar Ratio ⁽⁶⁾ N/A	Round Turns ⁽¹⁰⁾ 1,000

Starting Date: Apr-2008	Currency: US Dollar
Open to New Investors: Yes	Current Assets: $14,000,000
Open to US Investors: Yes	Annualized CROR: 1.42%
Minimum Fund Investment: $0	Worst Monthly Drawdown: -5.46
Minimum Managed Account: $1,000,000	Current Losing Streak: -5.17 %
Domocile:	Calmar: N/A
Subscriptions: N/A	Sharpe Ratio: 0.15
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: 1.00%	Auditor: Not Listed
Incentive Fee: 20.00%	NFA Member: Yes
Other Fees: None	FINRA Member: No
	Other Memberships: None

Type of Fund:	Domicile:	Strategy:

Track Record Prepared By: Michael Coglianese and Company

Correlations: AG CTA Index: 0.201 AG Discretionary CTA Index: 0.188

P - Proprietary Trading Results * C - Client Trading Result * P&C - Combines Client & Proprietary Trading Results (the accounting notes will identify the time frame for each. 1. Rates of Return: Rate of Returns are calculated from the start date of each program. Usually returns are calculated based on the Annual Compounded Rate of Return method. In some cases returns have been calculated on a Non-Compounded basis. This would occur when a Manager trades based on account unit rather than on account equity. The Annualized Compounded Rate of Return ("Annualized CROR") represents the compounded rate of return or each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. The Annual Rate of Return ("Annual ROR") is the annualized Mean Return. 2. The Worst Peak-to-Valley Drawdown ("Worst Drawdown") is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value. 3. Start & End Dates: Indicates the Start and End Dates of the Worst Peak-to-Valley Drawdown. 4. The Current Losing Streak ("Losing Streak") represents the extent of the Advisor's current drawdown. 5. Annualzied Standard Deviation is one way to look at consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return. 6. Downside Deviation is a measure of downside volatility. It only considers those monthly performance results that are less than the monthly Minimum Acceptable Rate of Return. 7. The Sharpe Ratio is a risk-adjusted ratio that rewards consistency of returns. Traders are penalized for volatility regardless of whether it is on the up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return. 8. The Sortino Ratio is a risk-adjusted ratio. The higher the number the better. Results are dependent upon the Minimum Acceptable Rate of Return (currently set at 5%. 9. The Sterling Ratio is a risk-adjusted return measurement calculated by dividing the Annualized Compound ROR by the Average Yearly Maximum Drawdown less an arbitrary 10%. The Sterling Ratio is normally calculated using the last 36 months of data. 10. The Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Annualized Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A. 11. The Omega Function accounts for the non-normal distributions of returns and takes into account the investor's preferences for loss and gain. Omega is computed directly from the returns distribution and measures the total impact of the moments instead of each one of them individually. 12. Minimum Investment represents the minimum account size. 13. Assets Under Management ("AUM") represents the current nominal assets traded by the Manager. 14. The Number of Winning Months represents the months with positive return. 15. The Number of Losing Months represents the months with negative return. 16. The Percentage of Winning Months represents the % of winning months. 17. Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account. 18. Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account. 19. Average Commission ("Avg Comm") represents the average commission rate of the composite track record. A higher or lower commission rate would increase or decrease the performance accordingly. 20. Maximum Commisions ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

Trading Description:

The Program (Multi Manager) launched in January 2008, initially trading proprietary assets until April 2008 when it began trading client funds. The Program was traded at Atlantic Capital Advisors from inception until February 2014. In April 2014 Nicholas Gentile established NickJen Capital Management & Consultants and renamed the program the Natural Resource Fund - NRD-1.

The NRD-1 is a Natural Resource, commodity only program using both fundamental and technical analysis, with the ultimate trading decisions based on fundamentals. 70% of the portfolio strategy focuses on the Agricultural and Soft markets and the remaining balance is composed of the Energy, Meat and Metal sectors. Trading decisions are developed through highly extensive, statistically based analysis, review of supply and demand conditions, inventory levels, weather developments and forecasts and economic trends and reports. This in conjunction with the managers in depth knowledge of markets and physical commodity trading experience is also strengthened by a vast network of industry contacts developed over 25 plus years.

Risk Strategy:

NickJen Capital employs strict risk parameters which are monitored in real time through the companyâ€™s internal risk management system and electronic trading platforms. The company's Chief Risk Officer regulates and administers the internal system. We also utilize a fully integrated and scalable risk system and have a strong focus on operations and controls.

Background:

Nicholas Gentile â€“ Managing Director, Head Trader and Principal Mr. Gentile began his career in commodities in 1988, where he worked on the trading floor of the Coffee, Sugar and Cocoa Exchange (â€œCSCEâ€) as a phone clerk for B&J Commodities. In 1993, Mr. Gentile became a member of the CSCE and began trading proprietary funds as well as trading client accounts. Nicholas along with his partners formed MP Commodities, a Coffee, Sugar, Cocoa Futures and Options brokerage operation in 1998. His primary responsibility was running the daily operation of the futures trading floor. Mr. Gentile joined Atlantic Capital in January 2008 as a Partner and Co Manager of a Commodities only Discretionary Fund. Nicholas was responsible for putting together trading strategies for the discretionary program as well as running all trading and execution for the firm. These strategies included Relative Value, Spreads and Directional Trades consisting mostly of futures contracts with some options. Mr. Gentile maintains extensive contacts in the physical Coffee, Sugar, Cocoa, Grain and Energy industries. His network is comprised of producers, consumers, traders, hedge funds as well as the three main commodity index firms. This in conjunction with his commodity knowledge makes him a cutting edge industry leader.

Lisa Parrinelli - COO and Principal Ms. Parrinelli is a financial industry veteran with 25 years Futures and Foreign Exchange experience. She has held senior positions at several leading global financial institutions. Lisa began her career at Dean Witter working on one of the industry's largest Managed Futures Trading Desks. After several years of servicing most of the major CTAs, she was recruited by one of the "Original Turtle Traders", Liz Cheval, to work at EMC Capital Management in Chicago. Working closely with Ms. Cheval, Lisa learned the nuances of trading and quickly became responsible for trading the Currencies, Energies and Metals portion of the portfolio. Upon moving back to New York, Lisa joined an Institutional Sales and Trading Group at Refco. During this time period she was instrumental in successfully growing the sales team and the P & L substantially enough for the CEO of MF Global to take notice and recruit the entire group. Throughout her eight year tenure at MF Global, she directly managed a staff of trading and sales professionals while overseeing the strategy, development and implementation of sales, marketing and training material. Prior to joining NickJen Capital, Ms. Parrinelli was a Senior Vice President at RCG. Lisa is a graduate of New York University.

Anthony Mascia - CFO After founding a successful business in the entertainment industry, Mr. Mascia began his professional career at the New York Board of Trade in 1999. Mr. Mascia retired in 2008 after a successful career trading the soft complex and is proud to be a former member of the New York Board of Trade (NYBOT) & Intercontinental Exchange (ICE); Mr. Mascia co-founded Putter Trading, an NFA regulated brokerage business that consisted of national and international clientele. Mr. Mascia managed a floor trading operation where he delivered technical expertise and organizational leadership that was responsible for growing revenues by more than 250% annualized for the first 3 years, growing at more than 30% thereafter. He wound-down the business after the exchange went electronic, building a multi-million dollar division specializing in food and fiber commodities on the exchange. He has executed trades for commercial and institutional accounts, managed risk, formulated market positioning strategies, developed incisive market commentary, and provided consistent advisory and account services that established high rates of client retention and profitability. Additionally, Mr. Mascia recruited, hired, trained and managed a team of agents and brokers, while coordinating research, analysis, and trading. Mr. Mascia marketed new product lines and generated new commercial, institutional, speculative, and hedge account clients that enhanced the firmâ€™s revenues. In his normal course he interacted with traders, agents and clearing entities to ensure compliance with the company, the exchange, and with government regulatory agencies. Mr. Mascia graduated from Fordham University in 2000. While a senior in college, Mr. Mascia began his commodity career on the Coffee, Sugar, Cocoa Exchange (CSCE) coordinating market prices and arbitraging commodities for multiple futures/options brokers. This is where he began learning the business from the heart & soul of the markets. He became infatuated with the rapid-paced, high-intensity energy created during each trading session. All along, developing the insight for how the markets function.

Accounting Notes:

Performance from April 2008 - March 2014 represents total Multi Manager Fund performance for Atlantic Capital. 50% of the program was traded by Nicholas Gentile from inception until May 2011 and 66% of the program was traded by Nicholas Gentile and Stephen Lampe from June 2011 to February 2014. Trading was 100% discretionary; the program traded natural resources and has now become known as the NRD-1 Program under NickJen Capital Management. The MF Global bankruptcy had a significant impact in that numerous client accounts were affected. Note there was a significant drop in assets under management following the bankruptcy of MF Global on October 31, 2011 as numerous accounts were frozen. Affected accounts were not included in capsule performance after they were frozen on October 31st as they were not traded according to the trading program. Performance from April 2014 represents client trading in the NRD-1 Program.

Performance

Performance from April 2014 represents client trading. Performance from April 2008 - March 2014 represents total Multi Manager Fund performance for Atlantic Capital. 50% of the program was traded by Nicholas Gentile from inception until May 2011 and 66% of the program was traded by Nicholas Gentile and Stephen Lampe from June 2011 to February 2014.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	-0.44%	0.39%	1.59%	-0.44%	-0.33%	-1.34%	-0.12%	-0.15%	0.01%				-0.85%	-2.36%
2023	-0.61%	0.16%	-0.64%	-0.34%	-0.12%	-0.06%	0.01%	0.60%	-0.19%	-0.46%	0.05%	-0.28%	-1.87%	-1.87%
2022	-0.02%	0.04%	-0.15%	0.06%	0.00%	0.01%	0.75%	-0.27%	-0.05%	-0.15%	-0.47%	-0.41%	-0.66%	-1.34%
2021	0.20%	-0.18%	-0.26%	0.20%	0.28%	0.12%	0.69%	0.00%	-0.46%	0.00%	0.92%	-0.27%	1.24%	-0.46%
2020	0.02%	0.18%	0.09%	0.31%	-0.94%	-0.23%	-0.48%	-0.28%	0.55%	0.38%	-0.16%	-0.11%	-0.68%	-1.92%
2019	0.04%	-0.26%	-0.18%	0.17%	0.26%	-0.26%	0.00%	-0.31%	0.30%	-0.13%	-0.55%	0.43%	-0.49%	-0.96%
2018	0.83%	0.32%	-0.45%	-1.05%	0.72%	-0.73%	0.68%	-0.11%	0.07%	-0.45%	-0.25%	-0.37%	-0.81%	-1.94%
2017	0.28%	0.24%	0.26%	0.17%	-0.55%	0.83%	-0.40%	0.33%	-0.30%	-0.48%	0.59%	-0.35%	0.61%	-0.85%
2016	0.03%	0.26%	-0.41%	0.07%	0.03%	-0.16%	-0.05%	0.41%	0.45%	-0.32%	0.40%	-1.11%	-0.41%	-1.11%
2015	2.15%	-0.69%	0.53%	-0.78%	0.14%	0.29%	1.12%	0.15%	-0.41%	-0.54%	-0.69%	0.60%	1.84%	-1.63%
2014	-1.40%	-0.93%	2.06%	0.34%	0.14%	0.04%	-0.45%	1.03%	-0.54%	0.69%	0.23%	0.46%	1.64%	-2.32%
2013	-1.96%	2.35%	0.36%	1.17%	-1.56%	1.00%	1.23%	1.96%	1.40%	-3.19%	-0.45%	0.42%	2.6%	-3.63%
2012	-0.90%	0.91%	-1.21%	-0.90%	2.16%	0.13%	1.48%	0.93%	1.56%	-0.52%	0.59%	0.79%	5.07%	-2.1%
2011	-1.71%	1.15%	1.35%	-0.29%	-0.55%	-0.70%	0.11%	0.39%	2.94%	-2.27%	-0.05%	-0.01%	0.26%	-2.33%
2010	1.46%	-0.38%	0.80%	0.07%	-0.70%	1.48%	1.99%	0.44%	2.10%	1.42%	1.11%	2.74%	13.21%	-0.7%
2009	0.15%	-0.27%	-1.38%	0.10%	2.32%	0.24%	-0.48%	-0.89%	0.74%	-0.23%	-0.15%	-0.69%	-0.59%	-1.7%
2008				-0.08%	-0.18%	1.10%	0.21%	1.12%	-0.42%	2.28%	-0.69%	0.93%	4.31%	-0.69%

Annual Performance

Years	2008	2009	2010	2011	2012	2013
ROR	4.31%	-0.59%	13.21%	0.26%	5.07%	2.60%
Max DD	-0.69%	-1.70%	-0.70%	-2.33%	-2.10%	-3.63%

Years	2014	2015	2016	2017	2018	2019
ROR	1.64%	1.84%	-0.41%	0.61%	-0.81%	-0.49%
Max DD	-2.32%	-1.63%	-1.11%	-0.85%	-1.94%	-0.96%

Years	2020	2021	2022	2023	2024 YTD
ROR	-0.68%	1.24%	-0.66%	-1.87%	-0.85%
Max DD	-1.92%	-0.46%	-1.34%	-1.87%	-2.36%

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

VAMI, Assets under Management & Worst Drawdown

Chart

Monthly Returns

Chart

++Qualified Eligible Investors Only:

A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $4,000,000 in securities holdings OR the person must have on deposit with a Futures Commission Merchant at least $400,000 in exchange-specified initial margin and option premiums, and required minimum security deposit for retail forex transactions).

Exemptions:

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH THE ACCOUNTS OF QUALIFIED ELIBIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUANCY OR ACCURACY OF THE COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

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 AND/OR FOREIGN EXCHANGE ('FOREX') 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.