Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
The strategy approach capitalizes on real money flows from large institutional participants that are not profit-seeking. The program identifies when certain currencies are at statistically significant deviations from other currencies, and places trades to profit when the currencies come back into alignment.
The portfolio has built in stop losses at a position level. Stop loss limits are based on volatility, and are calculated and executed on a daily basis. The program also utilizes diversification to manage risk. Diversified across 6 different currencies/3 different cross pairs, each chosen for its unique movement to the USD compared to the others, while maintaining a USD neutral strategy overall position. The portfolio has between zero and six positions, equally balanced between longs and shorts.
CHRIS L. CUE is the Trading Principal of Valorem Investments LLC, where he directs the firm’s flagship program, the Currency Futures Alpha Strategy, leveraging over six years of trading expertise. Listed as a principal of Valorem Investments LLC since October 6, 2017, and registered as an associated person of the firm on October 9, 2018, Mr. Cue has been instrumental in the strategy’s design and execution. This systematic-driven program focuses on identifying and capitalizing on market opportunities with a commitment to transparency and risk management.
In addition to his trading expertise, Mr. Cue brings a robust legal and compliance background, having practiced law since 2013 and advised multinational asset management firms on complex regulatory matters. This foundation strengthens his ability to effectively navigate the intricate regulatory environment, ensuring Valorem’s operations align with industry standards. His unique combination of trading acumen and legal expertise enables him to lead Valorem Investments LLC with a balanced approach that prioritizes innovation, regulatory compliance, and strategic leadership in the dynamic and competitive arena of investment strategies.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.06% | 2.15% | 1.13% | 7.50% | N/A | |||||||||
| 2025 | -2.99% | -1.80% | 1.17% | 1.70% | -2.44% | 0.44% | -1.03% | 2.63% | 0.62% | 0.99% | -1.12% | -1.98% | -3.92% | -4.94% |
| 2024 | -1.80% | -1.46% | 3.06% | 0.52% | 1.73% | 0.08% | -2.22% | -3.64% | -2.83% | 2.45% | 0.70% | 0.00% | -3.60% | -8.45% |
| 2023 | 0.50% | -2.35% | 6.74% | 2.32% | -4.95% | -3.49% | 2.39% | 0.27% | -2.34% | 3.06% | 3.49% | -1.26% | 3.82% | -8.27% |
| 2022 | 1.90% | 2.99% | 2.41% | 4.08% | -1.77% | -0.75% | 0.61% | -1.16% | -2.69% | 0.52% | 2.48% | 0.45% | 9.20% | -5.66% |
| 2021 | 0.73% | 0.78% | 1.52% | N/A |
Track Record Compiled By: Turnkey Trading Partners
Accounting Notes: Returns from November 2021 through June 2023 are based on pro forma adjustments to a proprietary account to reflect fees. Valorem began trading client capital July 2023, performance from July 2023 to present is based on a composite of client accounts traded in like manner with the proprietary pro forma'd account. The track record has not been audited, however, we utilize a third-party to externally validate our track record.
A Portion of this Performance is Based on Proprietary Trading
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2026 | 7.50% | N/A | $1,036,480 |
| 2025 | -3.92% | -4.94% | $1,152,000 |
| 2024 | -3.60% | -8.45% | $1,064,000 |
| 2023 | 3.82% | -8.27% | $824,000 |
| 2022 | 9.20% | -5.66% | $1 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2026 | 7.50% | N/A |
| 2025 | -3.92% | -4.94% |
| 2024 | -3.60% | -8.45% |
Accounting Notes:
Returns from November 2021 through June 2023 are based on pro forma adjustments to a proprietary account to reflect fees. Valorem began trading client capital July 2023, performance from July 2023 to present is based on a composite of client accounts traded in like manner with the proprietary pro forma'd account. The track record has not been audited, however, we utilize a third-party to externally validate our track record.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.