Performance Since January 2020 | Track Record Compiled By: N/A | Please See Accounting Notes
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ROR
Max DD
2025
0.65%
0.96%
1.10%
1.96%
0.89%
0.25%
-0.24%
0.68%
0.18%
1.50%
–
–
8.20%
-0.24%
2024
1.06%
0.88%
1.05%
1.45%
1.08%
1.01%
1.68%
-1.67%
0.30%
1.28%
0.58%
2.07%
11.26%
-1.67%
2023
0.34%
0.67%
0.78%
0.43%
0.90%
0.77%
1.00%
1.18%
1.06%
1.25%
1.06%
1.05%
11.00%
0.00%
2022
0.02%
0.16%
0.70%
0.27%
0.30%
0.49%
0.36%
0.30%
0.23%
0.37%
0.41%
0.69%
4.38%
0.00%
2021
0.40%
0.38%
0.51%
0.39%
0.88%
0.91%
0.56%
0.87%
0.90%
0.78%
0.56%
0.95%
8.39%
0.00%
2020
0.31%
1.40%
6.92%
0.70%
0.75%
0.70%
0.12%
0.60%
-0.83%
-1.05%
0.04%
0.47%
10.37%
-1.87%
Program Description: The Hyperion Fund is an actively traded absolute return fund utilizing S&P 500 options and futures. The fund's objective, through its four strategies, is to produce repeatable and clearly defined returns regardless of market direction. We weight each strategy to achieve a desired negative correlation to major indices as well as the systems being traded. Through analyzing this data and experience in various market cycles, we have developed an understanding of where each strategy will struggle and where it will outperform. The need then is to have a strategy that will outperform to a higher ratio than the other will struggle and to weight the two to give the fund the highest chance of a consistently profitable trade. Although there is always a risk of loss, we believe completely that we have created a portfolio of strategies that will achieve our objective and add diversification and value to an investor's portfolio.
Program Statistics
Peak-to-Valley Drawdown (2)
-1.94%
From Jan 2018 to Feb 2018
Worst Month (Feb 2018)
-1.94%
Current Losing Streak
0%
Average Monthly Return
0.73%
Annualized Performance
Compound ROR (1)
9.07%
Standard Deviation
2.8%
Sharpe Ratio
2.98
Sterling Ratio
0.99
Calmar Ratio (3)
6.32
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Jan-2020 - Report End Date: Oct-2025 Print to PDF
Investment Information
Program Start Date
Jun-2018
Currency Denomination
US Dollar
Minimum Investment +
$250,000
Minimum Fund Investment
$250,000
Management Fee
0.75%
Incentive Fee
20.00%
NFA No:
#P153667
Trading Methodology
100% Systematic
Trading Style
40% Spread Trading 60% Option Trading
Market Segment
90% Stock Indices 10% VIX
Statistical Comparisons
Le Mans Trading The Hyperion Fund
AutumnGold AG CTA Index
S&P 500 SP 500 TR
Annualized Compound ROR (1)
9.18%
4.96%
15.48%
Cumulative Return
66.89%
32.64%
131.57%
Cumulative VAMI(7)
1,669
1,326
2,316
Best Monthly Return
6.92%
2.99%
12.82%
Worst Monthly Return
-1.67%
-1.27%
-12.35%
Annual Standard Deviation
3.31%
3.28%
17.39%
Profit Loss Ratio
14.64
3.37
1.90
Correlation
—
0.21
-0.28
Last Month
1.50%
1.14%
2.34%
Last 12 Months
11.08%
3.46%
21.46%
Last 24 Months
22.94%
8.99%
67.63%
Last 36 Months
35.11%
9.73%
84.63%
Growth of $1,000 VAMI Comparison
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Jan-2020 - Report End Date: Oct-2025 Print to PDF
Accounting Notes
Track record prior to 10/2020 represents the live client traded managed account track record of the four strategies. 10/2020 forward is Hyperion fund live returns. This composite performance record is hypothetical, and these trading advisors have not traded together in the manner shown in the composite. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being there are frequently sharp differences between a hypothetical composite performance record and the actual record subsequently achieved. One made that any multi-advisor managed account or pool will or is likely to achieve a composite performance record similar to that shown. In fact, of the limitations of a hypothetical composite performance record is that decisions relating to the selection of trading advisors and the allocation advisors. Therefore, composite performance records invariably show positive rates of return. Another inherent limitation on these results is that of assets among those trading advisors were made with the benefit of hindsight based upon the historical rates of return of the selected trading the allocation decisions reflected in the performance record were not made under actual market conditions and, therefore, cannot completely of assets changes from time to time and these adjustments are not reflected in the composite. Le Mans Trading LLC has had little or no account for the impact of financial risk in actual trading. Furthermore, the composite performance record may be distorted because the allocation experience allocating assets among particular trading advisors. Because there are no actual allocations to compare to the performance results from the hypothetical allocation, customers should be particularly wary of placing undue reliance on these results.
An Important Note on the Start Date and End Date of this Report
If the Start Date of this Report Predates the Inception of the Program, the Maximum Drawdown from Inception may be larger than indicated in this report.
Performance Results reported or amended subsequent to Friday December 5, 2025 are not reflected in this Report. Monthly ROR and drawdowns are based on end-of-month values and do not reflect intramonth volatility.
Historical Drawdowns and Recoveries
The drawdown begins in the month listed as "start." Length is in months. Recovery begins the following month and ends when full recovery is reached.
Qualified Eligible Persons: THIS PROGRAM IS ONLY OPEN TO INVESTORS FITTING THE DEFINITION OF A QUALIFIED ELIGIBLE PERSON AS THAT TERM IS DEFINED UNDER CFTC REGULATION 4.7(A). A Qualified Eligible Person must meet the following two requirements:
1. Must be an accredited investor (e.g., $1,000,000 net worth or $200,000 individual income / $300,000 joint income for 2 years).
2. Must meet a portfolio test (e.g., $4,000,000 in securities or $400,000 in required margin deposits).
PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS INFORMATION IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC. THE CCFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS DOCUMENT.
HYPOTHETICAL PERFORMANCE DISCLAIMER - HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Statistical Footnotes
1) The Annualized Compounded Rate of Return (ACROR) represents the compounded rate of return for each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. It smooths out the returns by assuming a constant growth. 2) Peak to Valley Drawdown = worst % loss between Jan-2020 and Oct-2025 3) Calmar Ratio uses the last 36 months of data.
Benchmark Descriptions
AG CTA Index: The Autumn Gold CTA Index is a Non-Investable Index comprised of the client performance of all CTA programs included in the AG database and does not represent the complete universe of CTAs. CTA programs with proprietary performance are not included. Monthly numbers are updated until 45 days after the end of the month. Investors should note that it is not possible to invest in this index.
SP 500 TR: The S&P 500 indices are designed to reflect all sectors of the U.S. equity markets. The S&P 500 includes 500 blue chip, large cap stocks, which together represent about 75% of the total U.S. equities market. Companies eligible for addition to the S&P 500 have market capitalization of at least US$3.5 billion. The TR Index accounts for the reinvestment of dividends.
This report was prepared from trader-provided information and is believed to be reliable.
It should be read alongside each Trader’s Disclosure Document or Fund Offering Document.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
