Growth of $1,000 VAMI and Monthly Return
Trading Description, Risk Strategy & Background
The Partnership's trading strategy is a combination of quantitative trading models and discretionary trading of Bitcoin (BTC), Solana (SOL), XRP and Ether (ETH) futures traded on the Chicago Mercantile Exchange ("CME"). The trades entered will be both long and short. The majority of the trades are expected to be generated by multi-time frame trend, breakout and machine learning models. Although applied to different markets, these same models, 45+ in total, have been used in the O'Brien Investment Group Quantitative Global Macro Fund, LP since its inception in 2017. To a lesser extent, the General Partner may execute discretionary trades in BTC, SOL, XRP and ETH futures at the CME as risk management tools or with a goal to generate absolute returns. The General Partner may also sell covered puts or calls at the CME against futures positions as a risk management tool or with a goal of generating absolute returns when implied volatility is considered favorable for such trades by the General Partner in its sole judgment.
N/A
The O'Brien Investment Group (OBIG) has been registered with the Commodity Futures Trading Commission (CFTC), since 2017, as a Commodity Trading Advisor (CTA) and has been a member of the National Futures Association (NFA) since 2017. OBIG is headquartered in suburban Chicago and has 4 professionals decided to the portfolio management, research, trading, operations, compliance and marketing of the Pecus Digital Assets Fund, LP and the OBIG Quantitative Global Macro fund and managed account program. OBIG has considerable experience developing and managing quantitative trading strategies. The Pecus Digital Assets Fund, LP will have a significant capital allocation to quantitatively trading.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR (YTD) | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.12% | 5.55% | -3.09% | -9.09% | -11.12% | |||||||||
| 2025 | -2.87% | -29.55% | -1.63% | 17.96% | 10.43% | -5.55% | 31.55% | 2.40% | 1.33% | -18.10% | -15.66% | 1.26% | -20.92% | -32.69% |
| 2024 | 4.38% | 107.13% | 16.72% | -23.76% | 14.65% | -9.07% | 2.09% | -6.88% | 3.09% | -1.08% | 85.72% | -16.96% | 199.91% | -24.44% |
| 2023 | 16.49% | -4.75% | 7.33% | 0.87% | -5.40% | 6.96% | -5.84% | -7.95% | -1.38% | 19.84% | 4.47% | 12.88% | 46.85% | -14.52% |
| 2022 | -16.34% | -11.32% | 3.19% | -25.42% | -13.86% | 67.38% | -1.35% | -0.27% | -4.45% | -2.16% | -3.55% | -3.25% | -29.35% | -50.82% |
| 2021 | 0.22% | 2.27% | 1.19% | 6.88% | -15.85% | -10.66% | 3.97% | 10.33% | -10.90% | 23.64% | -3.90% | -18.07% | -17.08% | -25.20% |
Accounting Notes: The Fund was launched in January 2021. The first trade was January 11, 2021. The above performance is net of all fees as calculated by NAV Consulting, the Fund Administrator.
Annual Performance Summary
| Year | Yearly Return | Max Drawdown | Year-End AUM |
|---|---|---|---|
| 2026 | -9.09% | -11.12% | $7,200,000 |
| 2025 | -20.92% | -32.69% | $7,900,000 |
| 2024 | 199.91% | -24.44% | $1,000 |
| 2023 | 46.85% | -14.52% | $1,000 |
| 2022 | -29.35% | -50.82% | $1,000 |
| Year | Yearly Return | Max DD |
|---|---|---|
| 2026 | -9.09% | -11.12% |
| 2025 | -20.92% | -32.69% |
| 2024 | 199.91% | -24.44% |
Accounting Notes:
The Fund was launched in January 2021. The first trade was January 11, 2021. The above performance is net of all fees as calculated by NAV Consulting, the Fund Administrator.++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
Underlying Spot Virtual Currency Products
Returns are not guaranteed. You may lose money if the crypto currency price falls below the price you paid.
Much of the virtual currency cash market operates through Internet-based trading platforms that may be unregulated and unsupervised.
A unique feature of virtual currencies is that they are not legal tender in the United States and therefore may lack intrinsic value. The price of many virtual currencies is based on the agreement of the parties to the transaction.
The price of a virtual currency is based on the perceived value of the virtual currency and subject to changes in sentiment, which make these products highly volatile. Certain virtual currencies have experienced daily price volatility of more than 20%. The risks associated with the extreme price volatility of virtual currencies and the possibility of rapid and substantial price movements, could result in significant losses.
Virtual currencies can be traded through privately negotiated transactions and through numerous virtual currency exchanges and intermediaries around the world. The lack of a centralized pricing source poses a variety of valuation challenges. In addition, the dispersed liquidity may pose challenges for market participants trying to exit a position, particularly during periods of stress.
The cybersecurity risks of virtual currencies and related “wallets” or spot exchanges include hacking vulnerabilities and a risk that publicly distributed ledgers may not be immutable. A cybersecurity event could result in a substantial, immediate, and irreversible loss for market participants that trade virtual currencies. Even a minor cybersecurity event in a virtual currency is likely to result in downward price pressure on that product and potentially other virtual currencies.
Virtual currency balances are generally maintained as an address on the blockchain and are accessed through private keys, which may be held by a market participant or a custodian. Although virtual currency transactions are typically publicly available on a blockchain or distributed ledger, the public address does not identify the controller, owner, or holder of the private key. Unlike bank and brokerage accounts, virtual currency exchanges and custodians that hold virtual currencies do not always identify the owner. The opaque underlying or spot market poses asset verification challenges for market participants, regulators and auditors and gives rise to an increased risk of manipulation and fraud, including the potential for Ponzi schemes, bucket shops and pump and dump schemes.
Virtual currency exchanges, as well as other intermediaries, custodians and vendors used to facilitate virtual currency transactions, are relatively new and largely unregulated in both the United States and many foreign jurisdictions. Virtual currency exchanges generally purchase virtual currencies for their own account on the public ledger and allocate positions to customers through internal bookkeeping entries while maintaining exclusive control of the private keys. Under this structure, virtual currency exchanges collect large amounts of customer funds for the purpose of buying and holding virtual currencies on behalf of their customers. The opaque underlying spot market and lack of regulatory oversight creates a risk that a virtual currency exchange may not hold sufficient virtual currencies and funds to satisfy its obligations and that such deficiency may not be easily identified or discovered. In addition, many virtual currency exchanges have experienced significant outages, downtime and transaction processing delays and may have a higher level of operational risk than regulated futures or securities exchanges.
Virtual currencies currently face an uncertain regulatory landscape in the United States and many foreign jurisdictions. In the United States, virtual currencies are not subject to federal regulatory oversight but may be regulated by one or more state regulatory bodies. In addition, many virtual currency derivatives are regulated by the CFTC, and the SEC has cautioned that many initial coin offerings are likely to fall within the definition of a security and subject to U.S. securities laws. One or more jurisdictions may, in the future, adopt laws, regulations or directives that affect virtual currency networks and their users. Such laws, regulations or directives may impact the price of virtual currencies and their acceptance by users, merchants, and service providers.
The relatively new and rapidly evolving technology underlying virtual currencies introduces unique risks. For example, a unique private key is required to access, use or transfer a virtual currency on a blockchain or distributed ledger. The loss, theft or destruction of a private key may result in an irreversible loss. The ability to participate in forks could also have implications for investors. For example, a market participant holding a virtual currency position through a virtual currency exchange may be adversely impacted if the exchange does not allow its customers to participate in a fork that creates a new product.
Many virtual currencies allow market participants to offer miners (i.e., parties that process transactions and record them on a blockchain or distributed ledger) a fee. While not mandatory, a fee is generally necessary to ensure that a transaction is promptly recorded on a blockchain or distributed ledger. The amounts of these fees are subject to market forces, and it is possible that the fees could increase substantially during a period of stress. In addition, virtual currency exchanges, wallet providers and other custodians may charge high fees relative to custodians in many other financial markets. The impact of these transaction fees could materially negatively impact performance results.
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.