Tracking CTAs since 1994
NWOne LLC
NWOne Diversified Strategy Program
Principal(s): Jae-Min Hyun
Strategy: Directional / Calendar Spreads / Intraday / Diversified
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
The NWOne Diversified Strategy Program exploits supply and demand imbalances, hedging activity from physical commodity traders, and financial flows from investors that cause commodity prices to experience short-term deviations from intrinsic value. Our models are calibrated using rigorous statistical methodology and out-of-sample tested using state-of-the-art machine learning methods. The program consists of 3 independent strategies: * Directional futures: Fundamental supply and demand driven modelling of each commodity combined with macro demand forecasts. Alpha capture around scheduled and un-scheduled events. Targets highest return during periods of high/transitory inflation. Long and short positions in outright futures with holding period of 4-7 days. * Calendar spread futures: Individual commodity inventory modelling combined with risk premium capture around producer/consumer hedging. Targets stable risk adjusted returns at low/negative correlation with the benchmarks. Positions in calendar spread futures with holding period of 1-8 weeks. * Intraday futures: Exploits structural inefficiency arising from producer hedging activity. Positions in outright futures with holding period under 1 hour.
N/A
Jae-Min Hyun, founder and the Chief Investment Officer of NWOne, has a background in quantitative strategies and discretionary trading in commodities. Prior to NWOne, he was a Portfolio Manager at a seeding platform funded by Tudor Investment Corp, and a Portfolio Manager at Ellington Management Group. He started his career at Morgan Stanley as an options trader managing commodity, equity, FX, interest-rate portfolios. Jae-Min holds MSci, MA, BA in physics from Cambridge University, an MBA from Colleges des Ingenieurs and he is a CFA and CMT charterholder.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.17% | -0.53% | -0.72% | -0.56% | 0.95% | 2.03% | 1.86% | -2.80% | -0.78% | -0.91% | 0.09% | – | -1.29% | -4.44% |
| 2024 | 1.69% | -6.97% | -0.98% | 1.11% | -2.28% | 0.15% | 0.74% | -2.33% | -0.60% | -0.69% | 0.58% | -0.64% | -10.03% | -11.52% |
| 2023 | 1.71% | -1.86% | -0.35% | 0.62% | 1.89% | 4.14% | 0.53% | 1.36% | 1.18% | 0.38% | 0.49% | -1.44% | 8.85% | -2.20% |
| 2022 | 5.55% | 2.82% | -2.36% | 1.17% | 2.42% | -1.42% | -0.02% | 1.21% | 1.06% | 2.31% | 1.82% | 1.79% | 17.36% | -2.36% |
| 2021 | 1.07% | 0.73% | 0.76% | 0.02% | 1.38% | 0.02% | 0.39% | 0.83% | 0.26% | 0.46% | 0.33% | 3.41% | 10.05% | 0.00% |
| 2020 | 0.56% | 0.80% | 0.16% | -0.77% | -0.32% | 0.03% | 0.49% | 0.70% | -0.32% | -0.61% | -0.19% | 0.10% | 0.62% | -1.12% |
| 2019 | 0.71% | 0.53% | 2.35% | 2.56% | -2.45% | 0.39% | -1.40% | -0.52% | -0.79% | -0.62% | 0.02% | -0.05% | 0.62% | -5.32% |
| 2018 | 0.35% | 0.25% | 0.62% | -0.61% | -4.62% | -1.65% | -0.32% | 0.03% | 3.42% | 1.54% | 3.32% | 1.41% | 3.54% | -7.06% |
| 2017 | – | – | – | – | – | – | – | – | – | 1.22% | 3.88% | 6.85% | 12.35% | 0.00% |
Track Record Compiled By: Prepared Internally
Accounting Notes: Proprietary accounts from 2017 to February 2019 net of 2% management and 20% incentive fees. Client accounts from March 2019
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.>
Risk Disclosure
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.