Autumn Gold Retail Report
Report Start Date: Mar-2020 - Report End Date: Oct-2025
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Ahead Capital Management, LLC - Global Macro Tactical Opportunities Strategy
Trading Strategy: Global Macro / G5 Equity & Bond Indexes, Currencies, Commodities
Investment Restrictions: 4.7 Exempt - QEPs Only
| Performance Since March 2020 | Track Record Compiled By: Compliance Supervisors | Please See Accounting Notes |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.70% | 0.55% | 1.05% | -2.22% | 1.85% | 0.90% | 0.53% | 0.63% | 0.56% | 1.07% | – | – | 8.85% | -2.22% |
| 2024 | 3.36% | -1.75% | 1.94% | -3.81% | 3.45% | -1.29% | 1.46% | -2.82% | 0.03% | 1.34% | 2.43% | -0.61% | 3.47% | -3.81% |
| 2023 | 1.19% | -1.34% | 1.83% | -2.57% | 2.82% | 3.11% | 3.35% | 0.86% | 0.85% | 2.04% | 1.23% | -1.03% | 12.85% | -2.57% |
| 2022 | 4.89% | 2.65% | -0.60% | -1.82% | 0.64% | 2.72% | 1.14% | 0.31% | 1.74% | -3.12% | 2.72% | 1.08% | 12.78% | -3.12% |
| 2021 | 0.71% | -0.72% | -0.35% | -0.30% | 0.53% | 1.79% | -0.10% | -5.57% | -1.04% | 16.94% | 0.68% | 6.81% | 19.33% | -6.65% |
| 2020 | – | – | 5.86% | -2.88% | 1.53% | -0.77% | -0.55% | -5.81% | 1.17% | -3.02% | 16.34% | 0.15% | 10.92% | -10.07% |
Program Description: The strategy pursues tactical opportunities in G5 equity and sovereign bond indexes, as well as currencies and commodities.
* We focus on turning points in market narratives, as well as trades around important macro events
* The strategy is directional and is concentrated on 1-2 themes at a time
* Investment decisions factor in economic fundamentals, price action, investor sentiment and positioning, as well as potential price catalysts
Risk management was tightened in Q3 2021 to reflect expectations of growing economic uncertainty and market volatility. As part of that, trading became more catalyst-oriented with smaller trade sizes. As a result, portfolio volatility decreased substantially.
* We focus on turning points in market narratives, as well as trades around important macro events
* The strategy is directional and is concentrated on 1-2 themes at a time
* Investment decisions factor in economic fundamentals, price action, investor sentiment and positioning, as well as potential price catalysts
Risk management was tightened in Q3 2021 to reflect expectations of growing economic uncertainty and market volatility. As part of that, trading became more catalyst-oriented with smaller trade sizes. As a result, portfolio volatility decreased substantially.
| Program Statistics |
|
| Peak-to-Valley Drawdown (2) | -10.07% |
| From Mar 2020 to Oct 2020 | |
| Worst Month (Aug 2020) | -5.81% |
| Current Losing Streak | 0% |
| Average Monthly Return | 1.01% |
| Annualized Performance |
|
| Compound ROR (1) | 11.97% |
| Standard Deviation | 12.45% |
| Sharpe Ratio | 0.94 |
| Sterling Ratio | 0.75 |
| Calmar Ratio (3) | 2.54 |
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.
