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ARB Asset Management, LLC - Meadowbrook Strategy



Principal(s): Adam Passaglia, Amnon Baazov, & Mark Downing
Strategy: Systematic Macro / Diversified
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Investment Restrictions: 4.7 Exempt - QEPs Only

Statistics & Program Information

Oct 2025 Return   4.35% Worst Drawdown (2)    -9.44% Minimum Investment   $1,000,000
YTD Return: 0.09% Losing Streak (3):  -5.5% AUM (5):  $7,000,000
Annualized CROR(1)  12.28% Sharpe Ratio 4% RF ROR(4):  0.55 Calmar Ratio (6):  N/A
2) Annualized ACROR is based on compounding. Please see Footnotes for more information.
Trading Methodology
100% Systematic
Style Sub-Categories
Pattern Recognition
Volatility
Quantitative
Trading Style
100% Quantitative
Market Sector
100% Stock Indices
Holding Period
100% Short Term
Geographic Sector
US
Contracts:
Futures
Options

Start Date   Jun-2023 Currency   US Dollars Management Fee    1.50%
Accepting New Accounts   Yes Min Investment    $1,000,000 Incentive Fee    0.00
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0532191 Margin (7)   10-25% Avg Comm (8)   $0.00
Notional Funds    No Round Turns Per Million (10)    4,500 Max Comm (9)   
Starting Date:  Jun-2023 Currency:  US Dollars
Open to New Investors:  Yes Current Assets:  $7,000,000
Open to US Investors:  Yes Annualized CROR:  11.24%
Minimum Fund Investment:  $0
Minimum Managed Account:  $1,000,000 Current Losing Streak:  -5.5 %
Domocile:   Calmar:  N/A
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  0.55
Redemptions:  N/A US Attorney:  Not Listed
Lock Up:  N/A Offshore Attorney:  Not Listed
Hurdle Rate:  N/A Administrator:  Not Listed
Administraton Fee:  0.00% Prime Broker:  Not Listed
Management Fee:  1.50% Auditor:  Not Listed
Incentive Fee:  20.00% NFA Member:  Yes
Selling Fee:  0.00% FINRA Member:  No
Other Fees:  None Other Memberships:  None
Type of Fund:
Futures Fund
Single Advisor Fund
Domicile:
Strategy:
Global Macro

Correlations:

Growth of $1,000 VAMI and Monthly Returns

Trading Description, Risk Strategy & Background

The Meadowbrook Strategy's objective is to provide superior risk-adjusted returns using a proprietary framework of regime models paired with complementary signals to identify and exploit certain market tendencies. It does so by utilizing a systematic stock index option approach. Meadowbrook's proprietary regime model identifies and isolates distinct market environments that tend to exhibit statistically consistent behavior patterns.

Gregory DaSilva, Portfolio Manager: Gregory began and spent the entirety of his career prior to Meadowbrook at McMillan Analysis Corp., (dba, McMillan Asset Mgmt.) working under the Portfolio Manager mentorship of Lawrence G. McMillan. The environment ar Mcmillan afforded Greg the opportunity to build and develop trading strategies in somewhat of a "bubble" from the traditional Wall Street echo. This environment provided the opportunity to co-manage our Volatility Capture Strategy portfolio while also researching edges in financial markets. His research focused primarily on: S&P 500 and all related volatility derivatives, skew premia, volatility regime models, liquidity events, volatility & directional trading systems using volatility term-structure, sentiment (put-call ratios) and momentum. This has carried forward to the strategy he currently manages at Meadowbrook Capital Management. He holds a B.Sc. in Mathematics, withh a concentration in Statistics from the University of Maryland, College Park.

ARB's Principals include:
Adam Passaglia, Managing Partner: As co-founder of ARB Trading Group, Mr. Passaglia has overseen ARB's business beyond proprietary trading to create a vertically integrated financial services company. He led ARB's expansion into broker / dealer services, IB services, trading execution and risk management software, alternative asset management, and hedge fund services. Mr. Passaglia started his trading career in 2000 at a proprietary firm in Frankfurt, Germany and was soon hailed by Futures Magazine as one of the most consistent disciplined traders in Europe. He holds a B.A. in Finance from the University of Illinois.

Amnon Baazov, Managing Partner: Mr. Baazov, as a founding partner of ARB Trading Group, has led the firm's automated algorithmic trading division since 2009. He has overseen the creation and implementation of numerous automated trading strategies, covering multiple asset classes and statistical approaches. Mr. Baazov started his trading career in 1996 focusing on interest rate differentials. He holds a B.A. in International Finance from HEC Montreal.

Mark Downing, Chief Operating Officer: Mark is responsible for overseeing the launch of ARB AM funds and strategies. Prior to joining ARB, he served as COO of a Chicago based hedge fund with $150m AUM. Mark also previously traded interest rate options as a market maker for both his own proprietary firm as well as for a leading institutional market maker starting in 2006. He holds a B.S. in Finance and Computer Information Systems from Indiana University Kelley School of Business.

Performance

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecRORMax DD
2025 2.57% -1.98% -3.99% 5.69% 3.21% -4.20% -0.53% -2.12% -2.91% 4.35%   -0.50% -9.44%
2024 -3.92% 2.81% 6.98% -2.74% 5.28% -4.83% 9.15% 7.35% -2.71% -1.84% -1.04% 1.49% 15.74% -5.49%
2023  2.03% -0.13% 1.01% -0.43% -1.91% 8.38% 3.09% 12.32% -2.33%

Annual Performance

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

Footnotes

1. The Annualized Compounded ROR ("Rate of Return") is the average return of an investment over a number of years. It smoothes out returns by assuming constant growth. 2. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % the time-period. 3. Sharpe Ratio uses a 4% Risk Free ROR (Rate of Return) 4. Calmar Ratio Uses last 36 months of Data 5. The hypothetical growth of $1,000

++Qualified Eligible Investors Only:

A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $4,000,000 in securities holdings OR the person must have on deposit with a Futures Commission Merchant at least $400,000 in exchange-specified initial margin and option premiums, and required minimum security deposit for retail forex transactions).

Exemptions:

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH THE ACCOUNTS OF QUALIFIED ELIBIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUANCY OR ACCURACY OF THE COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

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.