Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
Alleman Capital Crude Hedge Program's investment objectives are to generate above-average risk-adjusted returns under rising and falling markets and to maintain a low correlation to the equities markets. Alleman Capital Management LLC intends to allocate capital to options on futures specific to the crude oil commodities market including bull and bear credit spreads.
A multi-faceted risk approach is taken including bull and bear spreads entered strategically at different times using technical indicators to allow for a greater degree of volatility during holding periods. Spreads on one side of the market hedge potential drawdowns on opposite side. Proprietary formulas utilize option greeks to determine a benchmark for position entry and exit. Capital is preserved at pre-defined drawdown levels specific to each position by exiting positions early when appropriate. Underlying asset is chosen for its historically high liquidity. Volume and open interest are evaluated monthly for alignment with aggregated program portfolio. Platform settings include position limits to inhibit fat-fingered trading errors Position size and credit spread widths are selected to pre-define portfolio leverage below 20%.
Heather Alleman is the Founder and Portfolio Manager of Alleman Capital Management, LLC, where she oversees all investment decisions, portfolio management, and operational strategy. She has been a full-time, self-employed trader since August 2022 and formally registered as a Principal and Associated Person of Alleman Capital Management, LLC on February 15, 2024. She became an NFA Associate Member on February 27, 2024.
Ms. Alleman's path into alternative investments and securities began in 2018 while preparing for the Series 65 exam. Her deep analytical skills and operational expertise, combined with a strong background in math and science, enabled her to develop a passion for derivatives trading. She quickly focused on commodity futures, leveraging her Louisiana roots and firsthand exposure to the energy sector's economic impact. By March 2020, she was exclusively trading options on crude oil futures, setting the foundation for her transition into fund management.
Prior to launching Alleman Capital Management, Ms. Alleman held executive leadership roles at Unitech Training Academy, where she served as Chief Operations Officer from February 2021 to August 2022 and Vice President of Student Affairs from September 2009 to February 2021. As COO, she managed daily business operations for a multi-campus proprietary college system, overseeing strategic planning, financial management, and institutional growth initiatives. Her responsibilities included optimizing business practices, managing a multi-million-dollar budget, and ensuring alignment with the organization's long-term vision. In her role as Vice President of Student Affairs, she developed and implemented policies across enrollment, financial aid, academic affairs, and career services.
Ms. Alleman holds a Master's degree in Educational Administration in Higher Education and a Bachelor of Science in Education from the University of New Orleans, earned in 2002 and 1997, respectively. Today, she applies her leadership experience and deep market expertise to managing risk and generating returns in the crude oil derivatives market.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | -4.24% | 1.67% | -11.71% | 0.00% | 0.00% | -13.68% | -14.04% |
Track Record Compiled By: CTA Services Inc.
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2025 | -25.49% | -14.04% | $41,740 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2025 | -25.49% | -14.04% |
THERE IS UNLIMITED RISK OF LOSS ASSOCIATED WITH WRITING SHORT OPTION CONTRACTS.
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.