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County Cork LLC - Macro Equity Hedge



Principal(s): Robert J. O'Brien Jr. and Thomas Senft
Strategy: Systematic / Trend / Momentum / Diversified
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Investment Restrictions: 4.7 Exempt - QEPs Only

Statistics & Program Information

Sep 2025 Return   6.68% Worst Drawdown (2)    -18.58% Minimum Investment   $1,000,000
YTD Return: 4.96% Losing Streak (3):  -7.45% AUM (5):  $1,500,000
Annualized CROR(1)  3.41% Sharpe Ratio 4% RF ROR(4):  -0.06 Calmar Ratio (6):  N/A
2) Annualized ACROR is based on compounding. Please see Footnotes for more information.
Trading Methodology
100% Systematic
 Style Sub-Categories
Momentum
Volatility
 Trading Style
50% Trend Following
50% Momentum
Market Sector
50% Stock Indices
10% Currencies
20% Financials
20% Metals
 Holding Period
10% Long Term
80% Medium Term
10% Short Term
 Geographic Sector
US
Contracts:
Futures
Start Date   Feb-2016 Currency   US Dollar Management Fee    1.00%
Accepting New Accounts   Yes Min Investment    $1,000,000 Incentive Fee    0.00
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0318270 Margin (7)   4 -6% Avg Comm (8)   $10
Notional Funds    Yes Round Turns Per Million (10)    200 Max Comm (9)   $12
Starting Date:  Feb-2016 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $1,500,000
Open to US Investors:  Yes Annualized CROR:  2.83%
Minimum Fund Investment:  $0
Minimum Managed Account:  $1,000,000 Current Losing Streak:  -7.45 %
Domocile:   Calmar:  N/A
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  -0.06
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:  10.00% 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: Michael J. Liccar
Correlations:

Growth of $1,000 VAMI and Monthly Returns

Trading Description, Risk Strategy & Background

Trading Description

The Macro Equity Hedge strategy is a systematic program designed to produce stock market like returns over time with much lower volatility through a combination of protection and performance. The strategy is a made up of a long-only basket of Emini S&P futures, 10 year note futures, and gold futures. Additionally, a smaller portion of the strategy consists of a long/short currency breakout system. The strategy is governed by a proprietary systematic model that dynamically adjusts portfolio positions and weights.

Diversification is used to create an uncorrelated portfolio of markets to smooth returns. This portfolio includes long positions in S&P 500 E-mini futures, 10 year note futures, and gold futures. Additionally, a portion of the system is allocated to a long/short currency "breakout" strategy. However, diversification alone is rarely sufficient as it can still subject investors to large losses. Quantitative modeling is simply a way of evaluating data. Through quantitative modeling, we are able to evaluate prices and market dynamics to determine when a stock market downturn may be probable. This information is then used to systematically adjust the strategy's portfolio. The models are predominantly momentum and trend oriented.

The Macro Equity Hedge strategy combines proprietary quantitative models with diversification to achieve protection and performance. The combined system dynamically and systematically adjusts portfolio positions and associated weights.

Risk Strategy

N/A

Background

Robert J. O'Brien Jr. - Chief Executive Officer Mr. O'Brien heads the executive management committee at County Cork. Prior to founding County Cork, Mr. O'Brien served as Vice Chairman and as President of R.J. O'Brien & Associates in Chicago, the largest independent Futures Clearing Merchant in the United States. Mr. O'Brien is currently a member of the Board of Directors of R.J. O'Brien. Mr. O'Brien holds a B.A. in Economics from the University of Notre Dame, and a J.D. from Loyola University Chicago.

Thomas W. Senft - President / Chief Operating Officer Mr. Senft is a member of the executive management committee and is responsible for the CTA’s operations and risk management. Mr. Senft brings nearly 35 years of futures industry experience, having served in top executive management positions with various brokerages and FCMs. Mr. Senft holds a B.S. in Finance from Indiana University.

Performance

Proprietary Performance proforma adjusted for a 1% mgt fee and a 10% incentive fee, as well as actual commission and transaction fees, with profits reinvested. (A Portion of this Performance is based on Proprietary Trading)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecRORMax DD
2025 2.31% -1.52% 0.52% 0.72% -1.76% 1.26% -2.46% -0.79% 6.68%   4.76% -4.02%
2024 -0.60% 0.77% -0.24% -3.49% 1.72% -0.23% 1.41% 0.95% 1.94% -0.35% -1.75% -4.48% -4.48% -6.48%
2023 4.29% -4.23% 4.09% 0.77% -0.89% 2.31% 2.82% -2.17% -0.67% -0.05% 2.39% 1.50% 10.25% -4.23%
2022 -3.45% -0.95% 0.76% -5.07% -0.10% -3.48% 3.19% -4.58% -6.19% 0.34% 4.38% -1.68% -16.10% -18.53%
2021 -1.72% 1.03% 3.08% 4.28% 1.55% 1.31% 2.47% 1.34% -2.81% 2.47% -0.15% 1.96% 15.61% -2.81%
2020 0.03% -5.08% -14.22% 3.58% 1.63% -2.55% 6.96% 6.12% -4.39% -2.63% 9.08% 4.31% 0.46% -18.58%

Annual Performance

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

Footnotes

1. The Annualized Compounded ROR ("Rate of Return") is the average return of an investment over a number of years. It smoothes out returns by assuming constant growth. 2. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % the time-period. 3. Sharpe Ratio uses a 4% Risk Free ROR (Rate of Return) 4. Calmar Ratio Uses last 36 months of Data 5. The hypothetical growth of $1,000

RISK DISCLOSURE

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.