Top Ten CTAs Ranked by Annualized Compounded Return
For The Month Ending Mar-2025Performance Results reported or amended subsequent to April 4, 2025 are not reflected in this Report >
Rank | Program* | Investment Restrictions |
Rate of Return |
AUM (millions) |
Minimum Investment |
Sharpe Ratio |
Correlation to AG Index |
Standard Deviation |
Worst Drawdown |
Last 5 Years | |||||||||
1 | Opus Futures, LLC - Advanced Ag | 20.94% | $288.57 | $200,000 | 1.52 | 0.28 | 11.32% | -6.36% | |
2 | J8 Capital Mgt LLP - Talenta Multi-Strategy (P&C) | QEPs Only | 15.24% | $11.80 | $1,000,000 | 1.14 | 0.61 | 10.83% | -7.97% |
3 | White River - Dynamic S&P Options | 15.00% | $9.88 | $50,000 | 2.93 | 0.25 | 3.97% | -4.16% | |
4 | White River - SI Option Writing | 13.44% | $14.64 | $40,000 | 1.82 | 0.27 | 5.68% | -5.07% | |
5 | FTC Capital GmbH - FTC Gideon I | 11.78% | €14.99 | €10,000 | 0.80 | 0.22 | 11.81% | -10.11% | |
6 | HiProb Capital Mgt - Neutral Plus | QEPs Only | 11.15% | $6.25 | $1,000,000 | 2.43 | 0.00 | 3.38% | -3.52% |
7 | Red Rock Cap. - Commodity L/S | 10.84% | $36.95 | $500,000 | 0.62 | 0.41 | 14.25% | -15.91% | |
8 | Auspice Capital Advisors - Cmdy Index | QEPs Only | 10.48% | C$580.00 | C$1,000,000 | 0.87 | 0.48 | 9.16% | -13.77% |
9 | Davis Commodities - Ag Program | QEPs Only | 10.41% | $58.27 | $200,000 | 0.88 | 0.15 | 8.99% | -7.75% |
10 | Ditsch Trading LLC - Discretionary | 9.60% | $2.93 | $100,000 | 0.49 | 0.26 | 16.16% | -21.97% | |
Last 3 Years | |||||||||
1 | Soaring Pelican, LLC - Overnight Advantage | 16.55% | $1.70 | $25,000 | 0.56 | 0.19 | 30.69% | -29.79% | |
2 | HiProb Capital Mgt - Neutral Plus | QEPs Only | 14.66% | $6.25 | $1,000,000 | 2.96 | 0.15 | 3.80% | -3.52% |
3 | White River - Dynamic S&P Options | 13.11% | $9.88 | $50,000 | 2.70 | 0.06 | 3.67% | -4.16% | |
4 | White River - SI Option Writing | 12.29% | $14.64 | $40,000 | 2.09 | -0.08 | 4.42% | -4.66% | |
5 | Agile Investment Mgt - Senti-Wave V Program | QEPs Only | 11.41% | $0.15 | $350,000 | 0.93 | -0.15 | 9.41% | -4.22% |
6 | Le Mans Trading - The Hyperion Fund | QEPs Only | 9.50% | $45.10 | $0 | 3.25 | 0.08 | 2.04% | -1.67% |
7 | J8 Capital Mgt LLP - Talenta Multi-Strategy (P&C) | QEPs Only | 8.98% | $11.80 | $1,000,000 | 0.72 | 0.51 | 9.12% | -6.86% |
8 | HiProb Capital Mgt - Neutral A | QEPs Only | 8.54% | $4.25 | $500,000 | 4.29 | 0.16 | 1.34% | -0.62% |
9 | Soaring Pelican - Blended Advantage | 8.51% | $56.40 | $125,000 | 0.80 | 0.20 | 7.48% | -4.40% | |
10 | White River - Institutional Options Strategy | 8.33% | $0.68 | $50,000 | 1.21 | 0.16 | 4.68% | -4.21% | |
Last Year | |||||||||
1 | White River - SI Option Writing | 16.00% | $14.64 | $40,000 | 5.40 | -0.07 | 2.23% | 0.00% | |
2 | White River - Dynamic S&P Options | 15.58% | $9.88 | $50,000 | 6.60 | 0.13 | 1.77% | 0.00% | |
3 | Crescent Bay Capital Mgt, Inc. - Premium Alpha | 14.34% | $0.32 | $100,000 | 1.97 | 0.27 | 5.45% | -1.77% | |
4 | Alleman Capital Mgt - AC Crude Hedge | 11.60% | $0.25 | $100,000 | 1.12 | -0.00 | 7.65% | -5.71% | |
5 | Schindler Capital Mgt - Dairy Adv. | 11.56% | $0.71 | $400,000 | 0.45 | 0.11 | 24.20% | -21.07% | |
6 | Le Mans Trading - The Hyperion Fund | QEPs Only | 10.96% | $45.10 | $0 | 2.50 | 0.20 | 3.10% | -1.67% |
7 | Crescent Bay - Conservative Growth | 10.62% | $0.00 | $10,000 | 0.94 | 0.13 | 8.24% | -5.43% | |
8 | HiProb Capital Mgt - Neutral Plus | QEPs Only | 9.86% | $6.25 | $1,000,000 | 1.47 | 0.26 | 4.67% | -3.52% |
9 | Soaring Pelican, LLC - Overnight Advantage | 9.36% | $1.70 | $25,000 | 0.69 | -0.52 | 9.78% | -4.44% | |
10 | Agile Investment Mgt - Senti-Wave V Program | QEPs Only | 8.00% | $0.15 | $350,000 | 0.86 | 0.71 | 6.14% | -4.07% |
THE FOLLOWING RISK DISCLOSURES AND FOOTNOTES ARE INTEGRAL TO THIS REPORT.
Top Ten Ranking Report Notes:
CTA names & Program Names may have been shortened
1) (C) indicates Client performance, 2) (P) indicates Proprietary performance, 3) (P&C) indicates a combination of Client and Proprietary performance
2) QEP Restrictions - QEPs Only indicate that investments are limited to QEPs0. A Qualified Eligible Person ("QEP") 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 $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin)
3) Rate of Return - The Annual Compounded Rate of Return represents the average return of the CTA over a number of years. It smoothes out returns by assuming constant growth
4) AUM (millions) represents the CTA's current assets under management
5) The Shapre Ratio is a risk adjusted statistics that measures the degree of risk involved in producing return.
6) Correlation to the Autumn Gold CTA Index measures the correlation of the program to a non-weighted average of the CTAs that report to Autumn Gold
7) Standard Deviation represents consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return
7) Worst Drawdown represents the worst drawdown experience by a CTA over the indicated Time Period,
8) Some traders may have been eliminated from this report at the sole discretion of Autumn Gold.
RISK DISCLOSURE
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
THIS MATTER MAY BE INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX") 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 AVAILABLE ON REQUEST.
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.
LIMITATIONS OF RANKINGS ARE THAT ONLY THOSE ADVISORS OR POOL OPERATORS THAT SUBMITTED THEIR PERFORMANCE DATA TO AUTUMNGOLD WERE RATED. THE ENTIRE CTA UNIVERSE IS NOT INCLUDED IN THE RANKINGS. THE PERFORMANCE INFORMATION PROVIDED WHEREIN HAS NOT BEEN VERIFIED BY AUTUMNGOLD. THE PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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