Deep Field Capital AG
Short Term Absolute Return (STAR)
Principal:
Michael Ahrndt and Arne Schmidt
Quantitative / S-Term / Equity Index Futures | Momentum & Mean Reversion
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Month Performance
+1.02%
May 2026
YTD Return
+2.52%
Through May 2026
AUM
$17,000,000
Assets Under Management
Overview
The Short-Term Absolute Return (STAR) strategy is a quantitative multi-strategy that leverages momentum and mean-reversion signals. It takes directional long or short positions and can also maintain a neutral stance. STAR trades the two most liquid equity index futures: the S&P 500 and NASDAQ 100. With an average holding period of 2.9 days, its net exposure varies from -100% to +100% (average just +27%). Its 5% peak margin-to-equity ratio makes STAR very capital-efficient. In line with DFC's hallmark strategies, STAR has a positive two-sided return convexity, during significant upward and downward moves in equity and bond markets. This highlights its capacity to deliver absolute alpha with positively skewed returns. Launched on June 01, 2023, by August 01 it became an integral sub-strategy within the DFC VolArb Program. Another compelling application is pairing STAR with the ICA Program, reducing risk and amplifying returns.
Program Details
| Inception Date | Jun 2023 |
| Trading Style | Momentum & Mean Reversion |
| Holding Period | Short Term |
| Markets Traded | Stock Indices |
| Margin | 0-5% |
| Minimum Investment | $1,000,000 |
| Management Fee | 1% |
| 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 | +24.29% | -2.07% | -0.41% | N/A |
Maximum Drawdown Since Inception
-17.30%
Past performance is not indicative of future results.
Performance / Program Note
ProForma Returns adjusted for a 1% management fee & 25% incentive fee.
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.