Deep Field Capital AG
Intraday Crisis Alpha
Principal:
Michael Ahrndt and Arne Schmidt
Systematic / Intraday / Momentum / Equity Index (Futures) | Trend Following
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Month Performance
+0.19%
May 2026
YTD Return
-10.18%
Through May 2026
AUM
$17,000,000
Assets Under Management
Overview
ICA is a pure intraday momentum program, focusing on large tail events in global equity indices, aiming to stay away from the average daily trading ranges that tend to be mean reverting. ICA is designed to benefit from big intraday moves to the upside as well as downside, generating pure alpha and providing hedging capabilities in times of crisis without the usual cost of an insurance premium. Trading only intraday and closing out all positions by the end of the trading session, ICA is extremely capital efficient and can be implemented on top of any portfolio without additional capital requirements. While the program has initially been developed and traded on the S&P 500 futures, it has matured into a global program, trading a total of 16 equity index futures in the uncorrelated intraday sessions in the US, Asia (added in 01/2019) and Europe (added in 11/2019).
Program Details
| Inception Date | May 2017 |
| Trading Style | Trend Following |
| Holding Period | Intraday |
| Markets Traded | Stock Indices |
| Margin | 0% End of Day - Max 12% |
| Minimum Investment | $1,500,000 |
| Management Fee | 1.00% |
| Performance Fee | 25.00% |
This is a snapshot only. Investors should read Disclosure/Offering documents to determine suitability of investment.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
About the Autumn Gold CTA Index:
The Autumn Gold CTA Index is a non-investable index comprised of performance from CTA programs included in the Autumn Gold database and does not represent the complete universe of CTAs.
Hypothetical growth of $1,000 based on reported monthly returns.
PERFORMANCE SUMMARY
Annual Returns (Net)
| YEAR | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| RETURN | -14.37% | -3.84% | -6.26% | +17.51% |
Maximum Drawdown Since Inception
-33.56%
Past performance is not indicative of future results.
Performance / Program Note
ProForma Returns adjusted for a 1% management fee & 20% trading fee. Prior to June 2018 returns represent performance record of Systematic Absolute Return AG.
Investor Eligibility
What is a QEP?
A Qualified Eligible Person (QEP) is an investor or entity that meets the eligibility requirements described in CFTC Regulation 4.7. The applicable requirements vary by investor type and may include financial, portfolio, professional, or institutional qualifications.
This information is provided for general reference only. QEP status is
self-identified here and should be determined by reviewing the applicable
regulation and, when appropriate, with your professional advisers.
FUTURES, OPTIONS, CRYPTO, AND FOREX TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.