Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
Low-risk strategy: Swap arbitrage is a trading strategy that revolves around taking advantage of price differences or dislocations in swap fees between different brokers, both institutional and retail. Arbitrage Gains: A position is taken with one broker where you receive a positive swap, and at the same time take an opposite position with another broker where you pay less swap. This allows you to generate income from the swap fees without market risk since the position is 100% hedged. Non-directional: Strategy is market neutral to currency price direction, interest rate movement as it is not speculating on the market movements. Reduced risk: Strategy generates continuous income from the swap differentials by the continuous holding of the fully hedged positions. Investor appeal: Managed by a seasoned team, this low-risk strategy attracts institutional and high-net-worth investors.
Horizon3 Investment Management LLP is run by Mr Sanjeev Lakhanpal and Dr Paul Netherwood. Both have well over 20 years of experience in the financial sector and fund management business. They are supported by a team of quants, software engineers, technology specialists, operations staff and traders.
The founders have a long established track record in institutional fund management with over 30 years experience in the industry. The main fund has a 17 year track record. Horizon3 Investment Management LLP was established in 2005 (formerly Wimmer Horizon LLP and Beach Horizon LLP and which was originally part of Beach Capital Management which was founded in 1998). Its founders have managed billion dollar funds and have had many decades experience in managing institutional assets. The firm’s clients over the years have included pension funds, sovereign wealth funds, fund of funds, wealth management advisors and high net worth individuals. Clients are from around the globe including the USA, Switzerland, Europe, the Middle East and Asia.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.17% | 1.75% | 1.90% | 5.93% | N/A | |||||||||
| 2025 | 1.45% | 1.86% | 2.83% | 2.12% | 2.29% | 1.89% | 2.04% | 2.05% | 2.21% | 2.14% | 2.59% | 2.95% | 29.85% | N/A |
| 2024 | 1.38% | 1.39% | 1.22% | 2.40% | 3.03% | 3.30% | 1.35% | 2.87% | 3.32% | 22.14% | N/A |
Track Record Compiled By: N/A
Accounting Notes: Horizon3 Investment Management LLP (“Horizon3”) is authorised and regulated by the Financial Conduct Authority (“FCA”). Horizon3 is registered in England & Wales with its registered office at 48 Warwick Street, London, W1B 5AW, UK. This presentation has been prepared and distributed by Horizon3. Information in this presentation has been obtained from various sources. It has been verified to the best of Horizon3’s ability, however it has not been independently verified and no representation is made, nor warranty given as to the accuracy, completeness, or the reasonableness of any statements of opinion, belief or the achievability of any forecasts or projections contained within this presentation. Where this communication constitutes a financial promotion it is issued and only made available to, and directed at (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”).
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2026 | 5.93% | N/A | €93,200,000 |
| 2025 | 29.85% | N/A | €1,000 |
| 2024 | 30.56% | N/A | €1,000 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2026 | 5.93% | N/A |
| 2025 | 29.85% | N/A |
| 2024 | 30.56% | N/A |
Accounting Notes:
Horizon3 Investment Management LLP (“Horizon3”) is authorised and regulated by the Financial Conduct Authority (“FCA”). Horizon3 is registered in England & Wales with its registered office at 48 Warwick Street, London, W1B 5AW, UK. This presentation has been prepared and distributed by Horizon3. Information in this presentation has been obtained from various sources. It has been verified to the best of Horizon3’s ability, however it has not been independently verified and no representation is made, nor warranty given as to the accuracy, completeness, or the reasonableness of any statements of opinion, belief or the achievability of any forecasts or projections contained within this presentation. Where this communication constitutes a financial promotion it is issued and only made available to, and directed at (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”).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.