Capital Trading Group CTA Database

GT Capital CTA - GT Dynamic Trading Program

Principal(s): Guerman Teitelbaoum
Strategy: Fundamental / Technical / Diversified
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Statistics & Program Information

Dec Return -0.53%	Worst Drawdown ⁽²⁾ -44.16%	Minimum Investment $150,000
YTD Return -3.24%	Losing Streak ⁽³⁾ -41.52 %	AUM⁽⁵⁾ $126,000
Annual CROR:¹ -1.02%	Sharpe Ratio ⁽⁴⁾ -0.08	Calmar Ratio ⁽⁶⁾ -0.21

Trading Methodology 100% Discretionary	Style Sub-Categories Fundamental Momentum Contrarian Pattern Recognition Trend Anticipatory	Trading Style 30% Trend Following 70% Contrarian
Market Sector 70% Stock Indices 5% Currencies 5% Financials 5% Metals 5% Energies 5% Agriculturals 5% Softs	Holding Period 10% Long Term 10% Medium Term 60% Short Term 20% Intraday	Geographic Sector: US Contracts: Futures Options

Start Date Jun-2009	Currency US Dollar	Margin ⁽⁷⁾ 0.2
New Money Yes	AUM ⁽⁵⁾ $126,000	Management Fee 2.00%
Min Investment $150,000	Annual CROR ¹ -1.02%	Incentive Fee 33.00%
Fund Minimum $0	Losing Streak ⁽³⁾ -41.52 %	Other Fees $20 Monthly Accounting Fee
Notional Funds Yes	Worst Drawdown ⁽²⁾ -44.16 %	Avg Comm ⁽⁸⁾ $11.00
NFA Member Yes	Sharpe Ratio ⁽⁴⁾ -0.08	Max Comm ⁽⁹⁾
NFA Number 0410680	Calmar Ratio ⁽⁶⁾ -0.21	Round Turns ⁽¹⁰⁾ 3,700

Starting Date: Jun-2009	Currency: US Dollar
Open to New Investors: Yes	Current Assets: $126,000
Open to US Investors: Yes	Annual CROR: -1.02%
Minimum Fund Investment: $0	Worst Monthly Drawdown: -44.16
Minimum Managed Account: $150,000	Current Losing Streak: -41.52 %
Domocile:	Calmar: -0.21
Subscriptions: N/A	Sharpe Ratio: -0.08
Redemptions: N/A	US Attorney: Not Listed
Lock Up: N/A	Offshore Attorney: Not Listed
Hurdle Rate: N/A	Administrator: Not Listed
Administraton Fee: 0.00%	Prime Broker: Not Listed
Management Fee: 2.00%	Auditor: Not Listed
Incentive Fee: 33.00%	NFA Member: Yes
Selling Fee: 3.00%	FINRA Member: No
Other Fees: $20 Monthly Accounting Fee	Other Memberships:

Type of Fund:	Domicile:	Strategy:

Track Record Prepared By: Michael Doherty

Correlations:

Trading Description, Risk Strategy & Background

Trading Description

The GT DYNAMIC TRADING PROGRAM employs a proprietary trading technique developed by GT Capital's principal in which fundamental factors, such as market psychology, and technical indicators are combined in an attempt to forecast market direction.

The Advisor looks to enter markets which appear to be overbought or oversold and exploit these conditions by taking the appropriate side in the market. In determining which direction of the market to trade, the Advisor uses technical indicators such as Elliot Wave counts, Fibonacci retracements, moving averages, and stochastics to determine appropriate entry and exit levels. For instance, if a market appears to be in a bearish trend, the Advisor waits until all of the program's indicators show the market as being oversold and that a trend reversal is likely to occur before placing an order to go long in the market.

In assessing the number of contracts to trade, the Advisor examines the volatility and volume of the market in order to avoid having to liquidate a position prematurely due to temporary price reversals. In a trending market, the program is also designed to take partial profits by exiting portions of positions at pre-determined retracement levels, while leaving the remainder of the position open to take advantage of a continuation in the trend. GT Capital may also trade accounts using options strategies, including purchasing options to initiate positions or manage risk on open futures positions, selling uncovered options for the purpose of generating additional income and using both credit and debit spread strategies.

Risk Strategy

The Advisor will generally attempt to limit risk between three percent (3%) and ten percent (10%) of an account's equity per trade. However there is no guarantee that losses on any given trade will be limited to these amounts. Stop loss points are determined at the time a trade is initiated. Please note that stop loss orders become market orders when activated and therefore, there is no guarantee that such orders will be filled at the stop loss points. Further, stop loss orders may not necessarily limit losses to the determined amounts in the event that market conditions make it impossible to execute such orders. Options may also be used in an attempt to protect existing futures positions. Please note that while GT Capital adheres to certain risk management techniques, there can be no guarantee that these techniques will be successful.

While GT Capital makes every effort to adhere to the trading program, GT Capital reserves the right to take appropriate actions outside the systems if warranted by exceptional or unusual market conditions or if the world situation results in unusually high amounts of risk.

Background

Guerman Teitelbaoum is the sole principal and President of GT Capital CTA. He is responsible for all aspects of the firm's operation, including market research, trading,operation and management. He holds a degree in Industrial Economics & Electronics from the Russian Aerospace University. From July 1998 through September 1999, Mr. Teitelbaoum was the chief executive officer of the International Entrepreneurial Institute, a business consulting and management firm, where he was involved in the development of industrial and aviation projects, storage facilities and marketing. In October 1999, he became the Chief Financial Officer, Secretary and Director of PowerSource Corporation, a company active in the deregulation of electricity in California and providing consumers more options in choosing electricity providers. After leaving PowerSource Corporation in April 2001, Mr. Teitelbaoum joined Dighton Group, an investment management company, in May 2001 where he acted as a risk manager, trading system developer and back office manager until August 2011. On August 14, 2008, he became registered as an Associated Person ("AP") and was approved as Principal of Dighton Capital USA, a registered CTA and Commodity Pool Operator, where he acted as a risk manager and assisted with back office operations such as accounting, updating databases and bill processing. On July 6, 2009, he withdrew his AP registration and Principal listing with Dighton Capital USA, and was listed as a Principal of Dighton Capital CTA Limited, a registered CTA,from July 8, 2009 until his withdrawal from the company on October 20, 2011. While at Dighton Capital CTA Limited, he assisted in risk management and acted in an administrative capacity by coordinating with and assisting the company's accountants, attorneys and vendors in performing their services for the company. Mr. Teitelbaoum became registered as an AP of GT Capital on May 12, 2009. He was approved as a Principal of GT Capital on May 8, 2009.

Accounting Notes:

Pro-forma adjustments were made to demonstrate the rates of return that would have been achieved if the Advisor's maximum current fee structure was in effect.

Monthly Performance Since June 2009

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	1.01%	-1.98%	1.00%	-0.96%	-1.50%	-1.49%	1.96%	-0.17%	-1.71%	0.56%	0.61%	-0.53%	-3.24%	-4.86%
2023	-6.73%	1.37%	-4.03%	0.21%	-7.38%	-6.19%	-4.45%	0.70%	0.31%	-0.23%	1.04%	-1.72%	-24.45%	-24.51%
2022	3.61%	0.99%	0.14%	1.83%	1.95%	1.58%	-4.00%	2.90%	1.92%	-4.80%	5.91%	2.02%	14.44%	-4.8%
2021	-3.16%	2.75%	5.37%	-3.65%	0.53%	-0.27%	0.06%	1.14%	0.09%	-0.29%	2.46%	-3.54%	1.1%	-3.65%
2020	-6.62%	3.44%	15.17%	1.85%	4.13%	3.60%	-2.82%	-7.32%	5.89%	-1.92%	-1.61%	2.79%	15.63%	-9.93%
2019	4.65%	2.30%	-5.39%	0.00%	0.41%	-0.61%	-0.83%	2.23%	1.08%	1.42%	-1.39%	-1.50%	2.04%	-6.37%
2018	-10.87%	5.66%	-5.08%	7.07%	3.51%	-1.90%	0.23%	-4.48%	-2.22%	10.72%	-0.45%	-8.38%	-8.13%	-10.87%
2017	-7.00%	-6.28%	0.29%	0.07%	-1.91%	0.55%	-6.43%	4.57%	-0.96%	-4.64%	-1.64%	0.27%	-21.37%	-21.58%
2016	-3.79%	6.97%	-0.15%	-5.86%	1.36%	-0.29%	-1.32%	0.16%	-1.14%	-2.47%	2.65%	-1.41%	-5.71%	-9.47%
2015	3.59%	-0.27%	0.53%	1.53%	-1.71%	2.02%	0.88%	2.34%	-1.10%	-2.76%	-0.13%	2.26%	7.22%	-3.95%
2014	4.07%	0.61%	0.62%	2.24%	-1.83%	-5.18%	-1.36%	0.61%	-0.54%	4.87%	-12.73%	-4.57%	-13.56%	-19.75%
2013	-1.92%	3.24%	0.04%	6.02%	1.56%	0.27%	-0.04%	-0.03%	-6.89%	-1.17%	-1.13%	2.21%	1.63%	-9.08%
2012	-3.30%	-3.56%	-0.71%	1.07%	1.70%	2.48%	-5.48%	0.32%	-0.43%	0.03%	0.66%	0.43%	-6.88%	-7.91%
2011	1.26%	-6.61%	11.70%	-8.69%	18.18%	2.39%	-0.55%	1.58%	2.96%	2.85%	-0.17%	-0.02%	24.62%	-8.69%
2010	1.67%	2.13%	-4.57%	-3.09%	5.92%	2.48%	1.04%	-0.04%	1.29%	-4.74%	-3.02%	0.97%	-0.53%	-7.62%
2009						2.32%	0.81%	1.62%	4.29%	0.52%	3.44%	1.51%	15.38%	0%

Annual Performance

Years	2009	2010	2011	2012	2013	2014
ROR	15.38%	-0.53%	24.62%	-6.88%	1.63%	-13.56%
Max DD	0.00%	-7.62%	-8.69%	-7.91%	-9.08%	-19.75%

Years	2015	2016	2017	2018	2019	2020
ROR	7.22%	-5.71%	-21.37%	-8.13%	2.04%	15.63%
Max DD	-3.95%	-9.47%	-21.58%	-10.87%	-6.37%	-9.93%

Years	2021	2022	2023	2024
ROR	1.10%	14.44%	-24.45%	-3.24%
Max DD	-3.65%	-4.80%	-24.51%	-4.86%

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

VAMI, Assets under Management & Worst Drawdown

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Monthly Returns

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RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND/OR 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 READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

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.

AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.

Footnotes & Definitions:

P - Proprietary Trading Results
C - Client Trading Results
Fixed Trade Level: The programs trades a fixed number of contracts in a nominal account regardless of the account value.

Rates of Return: The Annual Compound Rate of Return ("Annual CROR") represents the compounded rate of return or 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. Annual CROR is not applicable to CTAs that sum their monthly returns.
Worst Peak-to-Valley Drawdown: The Worst Peak-to-Valley Drawdown ("Worst Drawdown") is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value.
Start & End Dates: Indicates the Start and End Dates of the Worst Peak-to-Valley Drawdown.
Current Losing Streak: The Current Losing Streak ("Losing Streak") represents the extent of the Advisor's current drawdown.
Annualzied Standard Deviation: Annualized Standard Deviation is one way to look at consistency of returns. It measures the degree by which the monthly returns vary from the average (mean) return.
Downside Deviation: Downside Deviation is a measure of downside volatility. It only considers those monthly performance results that are less than the monthly Minimum Acceptable Rate of Return.
Sharpe Ratio: Sharpe Ratio is a risk-adjusted ratio that rewards consistency of returns. Traders are penalized for volatility regardless of whether it is on the up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return.
Sortino Ratio: Sortino Ratio is a risk-adjusted ratio. The higher the number the better. Results are dependent upon the Minimum Acceptable Rate of Return (currently set at 5%.
Sterling Ratio: Sterling Ratio is a risk-adjusted return measurement calculated by dividing the Annualized Compound ROR by the Average Yearly Maximum Drawdown less an arbitrary 10%. The Sterling Ratio is normally calculated using the last 36 months of data.
Calmar Ratio: Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A.
Omega Function: The Omega Function accounts for the non-normal distributions of returns and takes into account the investor's preferences for loss and gain. Omega is computed directly from the returns distribution and measures the total impact of the moments instead of each one of them individually.
Minimum Investment: Minimum Investment represents the minimum account size.
Assets Under Management: Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.
Number of Winning Months: Number of Winning Months represents the months with positive return.
Number of Losing Months: Number of Losing Months represents the months with negative return.
Percentage of Winning Months: Percentage of Winning Months represents the % of winning months.
Margin to Equity: Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.
Round Turns per Million: Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.
Average Commission: The Average Commission ("Avg Comm") represents the average commission rate of the composite track record. A higher or lower commission rate would increase or decrease the performance accordingly.
Maximum Commisions: Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS