Paragon Global Markets
Auspice Capital Advisors Ltd
Auspice Managed Futures LP Series 1
Trend Follower / Diversified | Trend Following
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Month Performance
-1.13%
Sep 2026
YTD Return
+3.92%
Through Sep 2026
AUM
C$168,000,000
Assets Under Management
Overview
The Program is a systematic managed futures strategy that trades exchange-traded futures in 7 market sectors. The program targets annualized returns of 10-15% with an annualized standard deviation of 15%. The objective is to produce absolute returns that are non-correlated to equity and bond investments, thus providing excellent diversification benefits for traditional investment portfolios. The portfolio is diversified across global commodity and financial futures and invests only in liquid exchange-traded futures contracts. Initially, no more than 1/7 of the fund's risk will be allocated to any single sector, ensuring broad portfolio diversification. The system is non-discretionary and aims to capitalize in both upward and downward trends. The strategy derives superior returns by adapting organically to changes in volatility and risk, resulting in greater efficiency in capturing the trends in each individual market traded. The strategy has a very low margin-to-equity ratio (average <7%), resulting in an efficient and scalable CTA exposure. Rigorous drawdown and scenario analysis is conducted to ensure robustness of the strategy and to provide clarity to the probable and possible return and risk scenarios.
Program Details
| Inception Date | Apr 2004 |
| Trading Style | Trend Following |
| Holding Period | Medium Term |
| Markets Traded | Stock Indices, Currencies, Financials, Metals, Energy, Agriculturals, Softs |
| Margin | 7% |
| Minimum Investment | C$2,000,000 |
| Management Fee | 2.00% |
| Performance Fee | 20.00% |
This is a snapshot only. Investors should read the applicable Disclosure/Offering documents to determine suitability.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
Hypothetical growth of $1,000 based on reported monthly returns.
Autumn Gold CTA Index:
The Autumn Gold CTA Index is a non-investable index comprised of performance from CTA programs included in the Autumn Gold database and does not represent the complete universe of CTAs.
PERFORMANCE SUMMARY
| YEAR | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| RETURN | +3.28% | -2.88% | -4.79% | +11.19% |
Maximum Drawdown Since Inception
-26.05%
Past performance is not indicative of future results.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, CRYPTO FUTURES, AND/OR FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS, CRYPTO FUTURES, 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. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES. 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. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.