Parizek Capital Inc.
Futures Trading Program
Report Start Date: Apr-2000 | End Date: Jun-2025
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Current Return: +2.61%
YTD Return: -0.5%
Annualized Return: +4.9%
AUM: $ 1,667,765
Trading Strategy

Systematic LT Trend Following

Program Description

The Futures Trading Program is a proprietary systematic long-term trend following system developed by Scot Lowry. Mr. Lowry converted his knowledge and research of the markets into a mechanical trading approach. The Program looks for specific turning points which signal new trends, and attempts to enter trades earlier than most long-term technical systems. The Program is 99% mechanical, based on technical data, using price information to signal entry and exit points. The only discretion used is to add or delete markets traded due to liquidity issues. The Futures Trading Program trades on-exchange futures and currencies in Asia, Europe and the United States. It also trades Metal Contracts on the LME exchange in London. The Futures Trading Program employs its own built in risk management procedures to limit risk to individual trades and provide overall portfolio protection.

Program Statistics
Peak-to-Valley Drawdown (2) -48.27%
    From Jan 2011 to Sep 2017
Worst Month (Oct 2011) -15.05%
Current Losing Streak -11.51%
Average Monthly Return 0.57%
Monthly Std. Deviation 5.91%
Gain Deviation (160 months) 4.67%
Loss Deviation (143 months) 3.19%
Gain to Loss Ratio 1.16
Omega Ratio (5% Threshold) 1.07
Annualized Performance
Compound ROR (1) 4.9%
Standard Deviation20.46%
Downside Deviation12.14%
Sharpe Ratio (3) 2% RF ROR 0.31
Sortino Ratio (4) 5% MAR 0.39
Calmar Ratio (5)0.05
Sterling Ratio (6) 0.05
Gain Deviation16.19%
Loss Deviation11.06%
Profit Loss Ratio1.3
Investment Information
Program Start Date Apr-2000
Percent Discretionary 5%
Percent Systematic 95%
Currency Denomination - US Dollars
Minimum Investment $1,000,000
Management Fee 2.00%
Incentive Fee 0.00
Margin 18%
Round Turns per Million 1,500
NFA No: #0371845
Performance Since April 2000 | Track Record Compiled By: Futures Accounting & Compliance | Please See Accounting Notes
JanFebMarAprMayJunJulAugSepOctNovDecROR Max DD
2025-0.05%0.48%1.21%-0.31%-4.30%2.61%––––––-0.50%-4.60%
2024-2.73%9.95%9.75%4.66%-6.27%-0.58%0.49%0.92%0.56%-5.35%2.77%-0.41%13.09%-10.05%
2023-0.67%-2.47%-2.92%-1.69%2.99%-3.77%0.90%-4.23%1.96%6.89%1.78%2.10%0.28%-11.45%
20224.20%8.49%6.50%8.13%-4.68%2.86%-5.53%-2.79%2.86%-3.34%0.99%-1.04%16.47%-10.53%
20212.57%5.35%-2.36%7.98%-1.99%-2.50%-1.87%-3.03%0.47%2.66%-1.71%-4.74%0.05%-12.18%
2020-3.34%4.39%2.74%-4.65%0.36%-3.68%2.79%2.50%-0.11%3.99%0.22%7.23%12.38%-7.83%
2019-4.59%2.35%0.19%3.92%2.04%-1.43%-2.24%7.66%-5.26%-0.88%2.94%2.35%6.49%-6.09%
20182.90%-0.96%1.22%-3.09%-1.83%3.20%2.54%-1.80%1.65%0.73%-0.72%2.87%6.65%-4.86%
2017-3.39%-0.27%-2.08%-0.21%-4.35%1.45%0.51%-1.57%-2.77%0.97%-0.10%1.04%-10.44%-12.12%
20163.44%4.75%-3.47%-1.89%-13.51%4.60%5.51%-4.26%-5.24%-7.91%-0.43%-1.08%-19.40%-25.61%
20157.68%2.24%-1.01%-1.49%-8.32%-0.24%-4.22%-1.01%7.02%-11.76%13.37%-11.61%-11.90%-20.15%
2014-3.68%5.35%-2.67%0.96%2.74%-5.03%9.61%2.04%4.60%-1.89%7.11%5.81%26.56%-5.03%
2013-1.41%-0.48%6.73%-4.18%-2.07%-2.94%-9.29%-5.09%-5.83%-0.91%-1.19%1.44%-23.22%-27.71%
20121.87%1.98%-6.52%-6.39%16.17%-5.79%1.07%0.41%0.10%-3.16%-2.34%0.62%-3.83%-12.49%
20115.22%-2.09%-7.07%-2.20%-7.43%-9.13%8.64%8.79%10.43%-15.05%19.73%-10.73%-6.66%-25.15%
2010-3.20%-5.42%9.35%-4.61%2.93%-3.68%1.41%2.25%11.54%13.21%-7.32%11.52%28.14%-8.45%
2009-3.53%-0.11%-11.24%-4.68%13.36%-6.58%3.35%1.60%0.15%-5.52%7.35%-1.88%-9.66%-18.47%
20087.82%22.84%-6.53%-7.33%7.35%1.63%-5.85%7.83%14.68%34.13%7.32%5.23%120.75%-13.38%
20070.55%-2.23%3.51%3.59%-2.66%6.93%0.58%-4.45%7.97%-1.08%6.87%-2.25%17.58%-4.45%
20066.10%-2.08%0.34%1.60%2.21%-5.23%-6.01%-1.27%2.45%-0.50%1.84%1.21%0.03%-12.06%
2005-6.85%3.88%-2.00%-4.27%0.03%0.67%-1.82%-8.19%1.91%2.55%4.12%5.03%-5.82%-17.60%
20045.65%5.77%0.72%-8.03%-10.36%-8.07%-4.92%-7.94%2.54%-1.97%-1.47%-0.40%-26.35%-34.56%
20034.35%6.22%-12.10%3.73%12.26%-12.09%6.06%3.60%-1.18%8.83%-5.26%6.13%18.50%-12.10%
20021.78%-6.77%1.46%0.57%1.25%13.42%7.53%0.61%5.53%-12.31%-2.48%2.50%11.27%-14.48%
20015.32%-4.46%14.02%0.44%0.23%2.22%1.79%3.97%9.66%2.42%-7.53%-3.69%24.98%-10.94%
2000–––-0.04%-2.92%-1.14%-0.87%0.54%-2.59%3.11%0.71%8.19%4.64%-6.86%
   Monthly Return and $1,000 VAMI

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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
Parizek Capital Inc.
Futures Trading Program
Report Start Date: Apr-2000 | End Date: Jun-2025
Print to PDF
Time Window Analysis
Length Best Average Worst
1 mo 34.1% 0.6% -15.1%
3 mo 65.9% 1.7% -24.2%
6 mo 80.7% 3.6% -33.2%
12 mo 120.7% 7.4% -37.9%
18 mo 140.4% 11.1% -45.7%
24 mo 159.6% 14.3% -38.5%
36 mo 159.6% 21.5% -41.1%
Drawdowns and Recoveries
Start End Drawdown Recovery
Feb-11n/a-48.27%93 mo
Apr-04Sep-08-46.08%37 mo
Jan-09Oct-10-18.47%18 mo
Nov-01Jul-02-15.49%5 mo
Oct-02Oct-03-14.60%7 mo
Nov-10Dec-10-7.32%1 mo
Drawdown Periods Since Apr 2000
Distribution of Monthly Returns
Statistical Comparisons Parizek Capital
Futures Trading Program		 AutumnGold
AG CTA Index
Remove		 S&P 500
SP 500 TR
Remove
Annualized Compound ROR (1)4.90%6.53%7.78%
Cumulative Return234.74%393.59%563.24%
Cumulative VAMI(7)3,3474,9366,632
Best Monthly Return34.13%8.00%12.82%
Worst Monthly Return-15.05%-5.53%-16.80%
Annual Standard Deviation20.46%5.96%15.21%
Profit Loss Ratio1.302.451.52
Correlation—0.55-0.24
Last Month2.61%0.14%5.09%
Last 12 Months-1.70%-0.99%15.18%
Last 36 Months2.98%7.02%71.56%
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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
Parizek Capital Inc.
Futures Trading Program
Report Start Date: Apr-2000 | End Date: Jun-2025
Print to PDF
Accounting Notes

The performance listed is based on the performance of an exempt pool (L&E Investment Group, L.P. is an exempt pool under CFTC rule 4.13). This pool trades in Futures Program that was created and operated by Scot Lowry. The capsule shows only the performance of the Futures Program. The account was funded with an initial amount of $210,000 actual and $290,000 of notional funds ($500,000 nominal). In November 2001 when the actual funds reached 393,000 an additional notional amount was added of $250,000 bringing the total account to approximately 933,000 (at that point). On January 1, 2004 $360,000 of notional funding was added, bringing the total notional funding to $900,000. On August 1, 2008 the notional funding was reduced by $300,000 bringing the total notional funding level to $600,000.

Other Fees

None

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 Monday December 8, 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 Apr-2000 and Jun-2025
3. Sharpe Ratio is calculated using a Risk-Free ROR
4. Sortino Ratio is calculated using a Minimum Acceptable ROR
5. Calmar Ratio uses the last 36 months of data
6. Sterling Ratio uses the last 36 months of data
7. VAMI = Hypothetical growth of $1,000
8. Drawdown/recovery: start = first loss, recovery = full return to prior peak

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.

Ascent Capital Management
311 S. Wacker Drive - Suite 600 * Chicago, IL 60606
Office: 312-283-3350 Email: [email protected] | Web Address: http://www.ascentcm.com
© 1997 - 2025 AutumnGold.com LLC
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