Tracking CTAs since 1994
CTA Profiles
Tracking CTAs since 1994
Principal(s): Martin Delahunty
Strategy: Pattern Recognition / Short-Term / G10 Currencies
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The Ascinaa G10 Currency Futures program offered is a short-term trading strategy that holds positions up to a maximum of 12- 25 days with some positions being traded intra-day. The strategy aims to capture price movements that occur within these periods. Fundamentally, the program is based on a pattern recognition strategy that analyses statistical datasets of the U.S. Dollar and how this data correlates to data found in other major currencies. Due to the consistency of this particular pattern, combined with our risk management protocols, we feel that we can keep annual drawdowns to a minimum whilst aiming to realise a nominal annual return of 3-7% on any given year based on a margin to equity ratio averaging 0.7- 4%. We feel we can achieve this with relatively low levels of volatility. From analysing historical data, some years we feel the program can produce materially higher returns than this, on years that produce periods of a certain style and type of volatility.
We believe, due to the low targeted volatility, this program is ideal for Notional Funding (please refer to our Disclosure Document for details). The Ascinaa program does not deviate from these core movements in the market and executing trades are based on this data alone. The program never attempts to take a view on market movements or if indeed, the market will go in a particular direction. No trading decisions are executed based on fundamental analysis of the market. There is a consideration prior to, or during trading positions, times of potential high volatility and fat tail events. These can include, but not limited to, central bank information and speeches, economic news, other economic releases and liquidity. It should be noted that there may be some months where the criteria of the trading program are not met. No trading will be carried out in these months.
There is a heavy bias in the program to manage drawdowns. Through our understanding of the monthly historical data, we feel we are able to recover relatively quickly if drawdowns occur in any given month. Within the development, positions are strategically placed concurrent with relatively tight stop loss orders on larger than average margin to equity ratio trades. Some stages will require minor margin requirements (in the region of approximately 0.7–3%) and these stop loss orders will have a somewhat different and larger separation.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR* | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.00% | 0.00% | 0% | 0% | ||||||||||
| 2024 | 0.00% | 0.12% | 0.03% | 0.02% | -0.72% | 0.00% | 0.00% | -5.33% | 0.00% | 0.00% | 0.00% | 0.00% | -5.88% | -6.01% |
| 2023 | 0.32% | 0.00% | 0.41% | 0.07% | 0.08% | 0.16% | 0.23% | 0.00% | 0.36% | 0.00% | -0.09% | 0.34% | 1.88% | -0.09% |
| 2022 | 0.02% | 0.19% | 0.09% | 0.16% | 0.63% | -0.03% | 0.69% | 0.24% | 0.17% | 0.00% | 0.10% | 0.02% | 2.28% | -0.03% |
| 2021 | 0.63% | -0.62% | -0.27% | 0.10% | 1.22% | 0.06% | 0.29% | 1.20% | 0.07% | 1.01% | 0.06% | 0.25% | 4% | -0.9% |
| 2020 | 0.05% | 0.00% | 0.00% | 0.01% | 1.37% | 0.87% | 0.08% | 0.05% | 0.32% | 0.77% | 0.65% | 0.06% | 4.23% | -0.01% |
| 2019 | 0.70% | 0.03% | 0.48% | 0.43% | 0.54% | 0.20% | 0.47% | 2.35% | 0.33% | 0.06% | 0.02% | 0.76% | 6.37% | 0% |
*The Annual ROR (Rate of Return) for Fixed Trade Level Accounts has been calculated by adding each monthly return.
| Years | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| ROR | 6.37% | 4.17% | 3.95% | 2.28% | 1.88% | -5.88% |
| Max DD | 0.00% | -0.01% | -0.90% | -0.03% | -0.09% | -6.01% |
| Years | 2025 YTD |
|---|---|
| ROR | 0.00% |
| Max DD | 0.00% |
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.
