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Ascent Capital Management CTA Report
Report Start Date: Jan-2021 - Report End Date: Sep-2024
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Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2021 | -0.47% | 3.09% | 2.46% | 1.99% | -2.27% | 2.57% | 0.69% | 3.01% | -3.07% | -3.40% | -1.51% | 2.75% |
2022 | 4.49% | 0.20% | 9.01% | 7.55% | -4.42% | 3.70% | -5.29% | 10.74% | 9.99% | -0.02% | -5.04% | 0.69% |
2023 | -1.09% | 2.23% | 4.20% | -2.26% | -1.23% | -0.07% | 1.44% | 0.30% | 1.61% | 0.01% | -1.64% | -0.33% |
2024 | -2.77% | -1.09% | -0.34% | -0.54% | -0.54% | 0.38% | -1.17% | 1.28% | -0.42% |
2021 | 2022 | 2023 | 2024 YTD | |
---|---|---|---|---|
ROR | 5.64% | 34.18% | 3.05% | -5.14% |
Max DD | -7.78% | -6.13% | -3.53% | -5.94% |
Program Description: The Nova Discretionary Macro program (futures only) is a global macro strategy that seeks to profit by identifying valuation gaps and potential dislocations across asset classes. Positions are typically diversified across macro futures markets (stock indices, bonds, and currencies). The program is designed for investors seeking returns that are uncorrelated with equity and credit cycles. We aim to generate returns in both up and down markets independent of the performance of any one asset class.
Investment Information
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Trading Strategy | Market Segment |
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. THERE ARE NO GUARANTEES OF PROFIT. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION TO INVEST SOLELY ON THE PAST PERFORMANCE PRESENTED HEREIN. |
Ascent Capital Management CTA Report
Report Start Date: Jan-2021 - Report End Date: Sep-2024
Please wait for your Report to Fully Load Print to PDF
Length | Best | Average | Worst |
---|---|---|---|
1 mo | 10.7% | 0.8% | -5.3% |
3 mo | 21.8% | 2.4% | -7.8% |
6 mo | 24.2% | 4.9% | -6.5% |
12 mo | 42% | 11.8% | -7% |
18 mo | 41% | 20.3% | -7.2% |
24 mo | 42.7% | 27.6% | -6.6% |
36 mo | 46% | 33% | 24.8% |
Start | Depth | Length | Recovery | End |
---|---|---|---|---|
Apr-23 | -8.03% | 16 mo | 2 mo | n/a |
Sep-21 | -7.78% | 3 mo | 4 mo | Mar-22 |
May-22 | -6.13% | 3 mo | 1 mo | Aug-22 |
Oct-22 | -5.45% | 4 mo | 2 mo | Mar-23 |
May-21 | -2.27% | 1 mo | 1 mo | Jun-21 |
Jan-21 | -0.47% | 1 mo | 1 mo | Feb-21 |
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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. THERE ARE NO GUARANTEES OF PROFIT. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION TO INVEST SOLELY ON THE PAST PERFORMANCE PRESENTED HEREIN. |
Ascent Capital Management CTA Report
Report Start Date: Jan-2021 - Report End Date: Sep-2024
Please wait for your Report to Fully Load Print to PDF
+ NOTES: NOTES IN REGARDS TO THE EXTRACTED FUTURES-ONLY PRO-FORMA PERFORMANCE RESULTS:
1. This pro-forma, extracted track record represents the actual trading results achieved by Discretionary Macro Program: Futures Only (the "Strategy") currently managed by Nova
Investment Strategies LP ("Nova").
2. For the period from inception through January 31, 2023, the pro-forma, extracted track record of
the Strategy is based upon an actual client of Astra Ventures Investment Partners LLC ("Astra
Ventures"), a registered commodity trading advisor owned by Stephen Buehler and jointly
managed by Ed Lalanne and Stephen Buehler and was cleared at Interactive Brokers. The
account is the trading strategy's first account and has been active since its inception. Thus, its
profits and losses are representative of those experienced by subsequent accounts in the
strategy. For the period from inception through January 31, 2023, all non-futures trades made by
Astra Ventures pursuant to the Strategy have been excluded from the pro-forma track record. If
the performance from trading securities by Astra Ventures had been included, the pro-forma
performance during the period from inception through January 31, 2023, would have been
approximately 1% lower than the pro-forma performance of the futures only track record of the
Strategy. The AUM presented for the period from inception to January 31, 2023 is the AUM of this
actual client account of Astra Ventures.
3. Effective as of January 31, 2023, Nova commenced the Strategy for an actual internal, proprietary
account that exclusively trades in futures contracts. For the period commencing on February 1,
2023 through October 31, 2023, the performance and AUM presented are the actual performance
results and AUM of this internal account as cleared at Archer Daniels Midland Investor Services.
Nova is a registered commodity trading advisor jointly owned and managed by Ed Lalanne and
Stephen Buehler.
4. For the period from November 1, 2023 onward, the performance and AUM presented are the
actual blended performance results and AUM of Nova�s client accounts.
5. For all periods presented, this pro-forma track record includes and is presented net of a pro-forma
management fee of 1.5% per annum, payable month in arrears, pro-form incentive fees of 15%
payable quarter, all actual brokerage commissions, give-up fee, exchange fees, NFA fees and
other transaction related fees and expenses.
** The drawdown begins in the month listed as start. The length in months of the drawdown is listed under length. The recovery begins in the following month, and the length of the recovery period is listed under recovery. The date listed as end is the month that the program recovered from the drawdown.
Please note that the monthly performance numbers, ROR and Drawdowns are based on end of month values and are not reflective of intramonth volatility.
Statistical Notes
1. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % loss over the period of
2021-01-31 to 2024-09-30
2. The Annualized Compounded ROR is the average return of an investment over a number of years. It smoothes out returns by assuming constant growth.
3. Calmar Ratio Uses last 36 months of Data
ROR = Rate of Return
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.
This report has been prepared from information provided by the Trader and is believed to be reliable. This report should be read in conjunction with the Trader's Disclosure 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. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.
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