Autumn Gold Retail Report Report Start Date: Dec-2023 - Report End Date: Nov-2025 Print to PDF
Alleman Capital Management LLC - Alleman Capital Crude Hedge (P)
Trading Strategy: Crude Oil Hedge Program
Performance Since December 2023 | Track Record Compiled By: Allen Business Consulting Inc. | Please See Accounting Notes | A Portion of this Performance is Based on Proprietary Trading
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ROR
Max DD
2025
-5.71%
3.33%
1.81%
-6.65%
4.94%
-12.04%
2.54%
4.56%
1.29%
1.25%
1.77%
–
-4.36%
-14.53%
2024
1.81%
0.68%
0.63%
3.15%
0.75%
0.30%
0.71%
1.71%
1.65%
2.05%
0.83%
0.74%
16.04%
0.00%
2023
–
–
–
–
–
–
–
–
–
–
–
-0.82%
-0.82%
-0.82%
Program Description: 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.
Program Statistics
Peak-to-Valley Drawdown (2)
-14.53%
From Dec 2024 to Jun 2025
Worst Month (Jun 2025)
-12.04%
Current Losing Streak
-4.36%
Average Monthly Return
0.47%
Annualized Performance
Compound ROR (1)
4.92%
Standard Deviation
12.84%
Sharpe Ratio
0.41
Sterling Ratio
0
Calmar Ratio (3)
N/A
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: Dec-2023 - Report End Date: Nov-2025 Print to PDF
Investment Information
Program Start Date
Dec-2023
Currency Denomination
US Dollar
Minimum Investment
$100,000
Minimum Fund Investment
$50,000
Management Fee
2.00%
Incentive Fee
20.00%
Margin
10%-20%
Round Turns per Million
2,000
NFA No:
#0556492
Trading Methodology
80% Systematic 20% Discretionary
Trading Style
25% Trend Following 25% Spread Trading 25% Option Trading 25% Fundamental Analysis
Market Segment
100% Energies
Statistical Comparisons
Alleman Capital Mgt Alleman Capital Crude Hedge (P)
S&P 500 SP 500 TR
AutumnGold AG CTA Index
Annualized Compound ROR (1)
4.92%
24.09%
5.26%
Cumulative Return
10.08%
53.99%
10.80%
Cumulative VAMI(7)
1,101
1,540
1,108
Best Monthly Return
4.94%
6.29%
2.17%
Worst Monthly Return
-12.04%
-5.63%
-1.17%
Annual Standard Deviation
12.84%
10.74%
3.31%
Profit Loss Ratio
1.45
3.98
3.39
Correlation
—
-0.18
0.07
Last Month
1.77%
0.25%
1.96%
Last 12 Months
-3.65%
15.01%
4.54%
Last 24 Months
10.08%
53.99%
10.80%
Last 36 Months
10.08%
75.29%
13.22%
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: Dec-2023 - Report End Date: Nov-2025 Print to PDF
Accounting Notes
1. Pro-Forma proprietary performance is adjusted to account for a 2.0% management fee and a 20% incentive fee.
2. The returns shown are derived from the proprietary results of the principal of the Advisor Heather Alleman's proprietary account.
3. The proprietary account is 75% notionally funded, with returns compounded monthly.
4. The representation of nominal funds traded for the program is adjusted at the beginning of each month by multiplying the actual net asset value of the proprietary account by four.
5. Actual realized and unrealized gains from the proprietary account are not adjusted and are utilized to compute returns and pro-forma performance fees
6. Pro-Forma management fees are calculated utilizing the adjusted nominal net asset value of the proprietary account.
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.
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 Dec-2023 and Nov-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.
