Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
Chessica uses index options premium selling strategy based on a proprietary global market momentum analysis model. Using this strategy, the portfolio managers believe that they can exploit inefficiencies in underlying indices and their options. The Fund's portfolio is concentrated in short-medium term call and put options in one or more publicly traded index securities, and also includes an S&P 500 index component, which will usually vary between 0% and 50% of the portfolio depending on market conditions. The correlation with the S&P 500 improves the strategy's performance when the market is going one-directionally upwards and different risk factors don't allow the portfolio managers to maximize their position naturally. The strategy focuses on maintaining a relatively small overall portfolio delta, frequently near neutral, and strives to find the best ratio between historical index volatility and actual implied volatility.
- Chessica focuses on building a portfolio that can provide consistent, modest returns with mitigated risk.
- The fund creates a flexible position where market movements do not significantly impact portfolio returns. Our primary investment tools are Options (90%) and a small percentage (10%) of futures, commodities and currency trading.
- Our return goals are to meet a 10% - 20% annualized return.
- Position adjustments are made based on the accumulated Delta of the portfolio.
- Other factors that can potentially impact our investment decisions: seasonal statistics; USD; oil; world markets; gold; political situations.
Victor Plotkin, Portfolio Manager
Education: Mathematics and Theory of Probability (St. Petersburg State Polytechnic University, Technion - Israel Institute of Technology). In 1996 Mr. Plotkin was one of the first money managers in Israel to both buy and sell options on the Israeli stock exchange. Mr. Plotkin is known among his client-investors for a unique risk and money management approach. His philosophy is "I do not deserve a commission, if my clients are not earning money". Mr. Plotkin did not charge management fees nor any other fees related to client account management and will only accept performance based fees. This philosophy is a founding principle of Firm.
As a Chess FIDE Master, Mr. Plotkin attributes much of his trading skill to his statistical and mathematical credentials. With more than twenty years of client-investor account management, Mr. Plotkin has demonstrated a successful investment practice in the global investor market place.
Alex Rabinovich, Managing Director
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | 2.41% | 3.51% | 3.35% | 10.26% | N/A | ||||||||
| 2025 | 0.77% | -0.94% | -1.80% | -16.52% | 2.77% | 2.71% | 1.14% | 2.01% | 3.20% | 2.28% | 0.37% | 1.58% | -4.10% | -18.80% |
| 2024 | 0.60% | 2.86% | 1.53% | -0.34% | 1.40% | 2.12% | -1.94% | -1.72% | 0.65% | 0.59% | 2.67% | 0.13% | 8.76% | -3.63% |
| 2023 | 3.99% | 1.49% | 1.99% | 2.02% | 1.93% | 3.21% | 2.16% | 1.74% | -0.75% | 1.38% | 2.92% | 2.40% | 27.35% | -0.75% |
| 2022 | -7.58% | 0.77% | 5.97% | -3.77% | 4.76% | -0.91% | 5.37% | -0.35% | 0.38% | 5.79% | 1.19% | -0.64% | 10.51% | -7.58% |
| 2021 | -2.38% | 0.81% | 4.72% | 2.15% | 0.19% | 2.05% | 1.35% | 2.04% | -0.54% | 4.34% | -0.35% | 3.57% | 19.22% | -2.38% |
Track Record Compiled By: N/A
Accounting Notes: The monthly performance shown is the performance of Chessica LP since its inception in 2010 and is net of all fees and expenses.
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2026 | 10.26% | N/A | $1,000 |
| 2025 | -4.10% | -18.80% | $1,000 |
| 2024 | 8.76% | -3.63% | $1,000 |
| 2023 | 27.35% | -0.75% | $1,000 |
| 2022 | 10.51% | -7.58% | $1,000 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2026 | 10.26% | N/A |
| 2025 | -4.10% | -18.80% |
| 2024 | 8.76% | -3.63% |
Accounting Notes:
The monthly performance shown is the performance of Chessica LP since its inception in 2010 and is net of all fees and expenses.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.