AutumnGold Managed Futures
 
 
O'Brien Investment Group
Quantitative Global Macro Futures

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Statistics & Program Information

Apr 2026 Return
1.97%
Worst Drawdown (2)
-17.45%
Minimum Investment
$3,000,000
YTD Return
4.04%
Sharpe Ratio 4% RF ROR (4)
0.08
AUM (13)
$21,100,000
Annualized CROR(1)
4.27%
Calmar Ratio (10)
0.23
Losing Streak
-7.02%

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.

Annualized ACROR is based on compounding. Please see Footnotes for more information.

Trading Methodology
100% Systematic
Trading Style
100% Trend Following
Style Sub-Categories
Absolute Return, Absolute Return
Market Sector
100% Diversified
Holding Period
10% Long Term
30% Medium Term
60% Short Term
Geographic Sector
Contracts
Futures, Options
Start Date   Jul-2017 Currency   US Dollar Management Fee    1.00%
Accepting New Accounts   Yes Min Investment    $3,000,000 Incentive Fee    20.00%
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0501431 Margin (7)   9.04% Average Commission (16)   
Notional Funds    Yes Round Turns Per Million (15)    1,200 Maximum Commission (17)   
Starting Date:  Jul-2017 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $21,100,000
Open to US Investors:  Yes Annualized CROR:  4.27%
Minimum Fund Investment:  $0
Minimum Managed Account:  $3,000,000 Current Losing Streak:  -7.02 %
Domicile:   Calmar:  0.23
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  0.08
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
Selling Fee:  0.00% FINRA Member:  No
Other Fees:  None Other Memberships:  None
Type of Fund:
Domicile:
Strategy:
Correlations: AG CTA Index: 0.6              AG Systematic CTA Index: 0.631              SP 500 TR: -0.014             
1Rates of Return

ROR calculations are not provided when there are less than 12 data points. The Annualized Compounded Rate of Return ("Annualized CROR") represents the compounded rate of return for 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. Annualized CROR is not applicable to CTAs that sum their monthly returns. The Annualized Mean Return is calculated by annualizing the average monthly return.

2Worst Peak-to-Valley Drawdown

The Worst Peak-to-Valley 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. Unless otherwise indicated, the Worst Peak-to Valley Drawdown is calculated from inception.

3Start & End Dates

Indicates the Start and End Dates of the Worst Peak-to-Valley Drawdown.

4Current Losing Streak

The Current Losing Streak ("Losing Streak") represents the extent of the Advisor's current drawdown.

5Annualized Standard Deviation

Annualized 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.

6Downside Deviation

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.

7Sharpe Ratio

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 Ratio is calculated using a risk-free rate of return.

8Sortino Ratio

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%).

9Sterling Ratio

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.

10Calmar Ratio

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 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.

11Omega Function

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.

12Minimum Investment

Minimum Investment represents the minimum account size.

13Assets Under Management

Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.

14Margin to Equity

Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.

15Round Turns per Million

Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.

16Average Commission

The 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.

17Maximum Commission

Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

Assets Under Management

Date AUM
Apr 2026$21,100,000
Mar 2026$20,700,000
Feb 2026$20,800,000
Jan 2026$20,300,000
Dec 2025$20,300,000
Nov 2025$19,800,000
Oct 2025$19,800,000
Sep 2025$19,600,000
Aug 2025$19,900,000
Jul 2025$20,100,000
Jun 2025$58,100,000
May 2025$59,306,250
Apr 2025$62,500,000
Mar 2025$60,400,000
Feb 2025$61,900,000
Jan 2025$65,500,000
Dec 2024$64,800,000
Nov 2024$64,700,000
Oct 2024$60,800,000
Sep 2024$64,800,000
Aug 2024$61,400,000
Jul 2024$64,100,000
Jun 2024$62,000,000
May 2024$60,400,000
Apr 2024$62,500,000
Mar 2024$59,000,000
Feb 2024$59,000,000
Jan 2024$55,700,000
Dec 2023$55,700,000
Nov 2023$53,000,000
Oct 2023$54,100,000
Sep 2023$56,000,000
Aug 2023$54,400,000
Jul 2023$56,700,000
Jun 2023$57,700,000
May 2023$57,700,000
Apr 2023$55,300,000
Mar 2023$52,100,000
Feb 2023$54,100,000
Jan 2023$54,200,000
Dec 2022$55,400,000
Nov 2022$55,200,000
Oct 2022$59,700,000
Sep 2022$58,900,000
Aug 2022$39,800,000
Jul 2022$36,900,000
Jun 2022$38,300,000
May 2022$38,000,000
Apr 2022$38,000,000
Mar 2022$36,400,000
Feb 2022$34,100,000
Jan 2022$32,900,000
Dec 2021$32,300,000
Nov 2021$33,500,000
Oct 2021$34,400,000
Sep 2021$33,700,000
Aug 2021$36,900,000
Jul 2021$31,900,000
Jun 2021$31,620,000
May 2021$31,600,000
AUM values are as reported by the manager. Figures may be estimated or rounded.

Growth of $1,000 VAMI and Monthly Return

Trading Description, Risk Strategy & Background

The O'Brien Investment Group (OBIG) Quantitative Global Macro Futures Program is a systematic strategy diversified across 45 different financial and commodity futures markets including global stock indices, global interest rates, currencies, metals, energies, grains, softs and meats. The foundation of the strategy are long-term trend following models seeking to capture absolute returns. Trend following has historically generated "crisis alpha" during times of stress in the markets. The strategy also incorporates a series of options on futures models with a goal of smoothing out the return stream and to generate positive returns when implied volatility levels are attractive. The option models will not sell naked short open positions. Only covered positions or long puts / long call positions are considered.

N/A

The O'Brien Investment Group (OBIG) has been registered with the Commodity Futures Trading Commission (CFTC), since 2017, as a Commodity Trading Advisor (CTA) and has been a member of the National Futures Association (NFA) since 2017. OBIG is headquartered in suburban Chicago and has 4 professionals decided to the portfolio management, research, trading, operations, compliance and marketing of the Pecus Digital Assets Fund, LP and the OBIG Quantitative Global Macro fund and managed account program. OBIG has considerable experience developing and managing quantitative trading strategies. The Pecus Digital Assets Fund, LP will have a significant capital allocation to quantitatively trading.

Pro-Forma Performance Adjusted for a 1% Management Fee and 20% Incentive Fee.
YearJanFebMarAprMayJunJulAugSepOctNovDecROR (YTD)Max DD
2026-0.40%2.92%-0.47%1.97%4.04%-0.47%
20251.09%-5.92%-2.87%3.82%-5.11%-2.89%-2.32%-3.33%4.12%1.40%-0.65%3.22%-9.65%-17.45%
20240.00%9.23%0.56%5.15%-3.42%1.45%0.00%1.13%4.24%-6.99%7.47%0.10%19.38%-6.99%
2023-2.51%-0.15%-4.05%6.49%4.56%-0.04%-2.04%-4.38%3.08%-3.64%-2.39%5.50%-0.38%-9.22%
20221.99%3.80%8.78%2.89%-0.26%0.83%-3.85%-0.10%3.72%1.20%-8.23%0.44%10.73%-8.23%
2021-0.25%9.78%-1.28%3.12%-2.48%-1.22%2.08%0.57%3.92%1.97%-2.74%-3.94%9.12%-6.58%

Accounting Notes: The strategy was opened up to outside investors in July 2017. The first external managed account began trading July 19, 2017. The performance for July 2017 does not represent a full month. Furthermore, the actual trading results for July 2017 and going forward are pro forma and net of all trading costs to a 1% Management Fee and a 20% Incentive Fee paid quarterly. Separately Managed Account performance can be higher or lower than the below reported performance of the program depending upon several factors such as commission and fee levels, investment amount, duration, the actual prices received and government taxes (if applicable). The results are based on pro forma adjustments assuming the above stated fee structure. In reality, accounts may have different fee structures, higher or lower commission rates and can be traded with a higher or lower leverage which could result in significant different performance in an actual account.

Annual Performance Summary

Year Yearly Return Max Drawdown Year-End AUM
20264.04%-0.47%$21,100,000
2025-9.65%-17.45%$20,300,000
202419.38%-6.99%$64,800,000
2023-0.38%-9.22%$55,700,000
202210.73%-8.23%$55,400,000
Yearly Return is the compound rate of return for each calendar year. Max Drawdown is the peak-to-valley decline within the year. AUM is as of the last reported month of the year.
Pro-Forma Performance Adjusted for a 1% Management Fee and 20% Incentive Fee.
Year Yearly Return Max DD
20264.04%-0.47%
2025-9.65%-17.45%
202419.38%-6.99%
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.


Accounting Notes:

The strategy was opened up to outside investors in July 2017. The first external managed account began trading July 19, 2017. The performance for July 2017 does not represent a full month. Furthermore, the actual trading results for July 2017 and going forward are pro forma and net of all trading costs to a 1% Management Fee and a 20% Incentive Fee paid quarterly. Separately Managed Account performance can be higher or lower than the below reported performance of the program depending upon several factors such as commission and fee levels, investment amount, duration, the actual prices received and government taxes (if applicable). The results are based on pro forma adjustments assuming the above stated fee structure. In reality, accounts may have different fee structures, higher or lower commission rates and can be traded with a higher or lower leverage which could result in significant different performance in an actual account.

++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

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.