Paragon Global Markets
Programme Compendium
Miami
Statistical Arbitrage / Market Neutral / US Equities
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Month Performance
+2.22%
Aug 2026
YTD Return
+29.45%
Through Aug 2026
AUM
$7,617,139
Assets Under Management
Overview
Strategy Overview
Miami is a systematic, market-neutral investment strategy focused on the most liquid constituents of the S&P 500 and Russell indices. The strategy seeks to generate absolute, uncorrelated returns by systematically exploiting short-term pricing inefficiencies between historically correlated equities.
Execution Mechanics
The portfolio is driven by quantitative models that continuously monitor relative-value relationships across established sector and statistical clusters. The core premise is mean reversion: when the pricing relationship between two highly correlated assets statistically deviates from its historical norm, Miami executes a paired trade — instituting a long position in the underperforming asset and a short position in the outperforming asset. Positions are held only until the pricing relationship normalises, at which point the trade is systematically unwound to capture the differential.
Strategy Overview
Miami is a systematic, market-neutral investment strategy focused on the most liquid constituents of the S&P 500 and Russell indices. The strategy seeks to generate absolute, uncorrelated returns by systematically exploiting short-term pricing inefficiencies between historically correlated equities.
Execution Mechanics
The portfolio is driven by quantitative models that continuously monitor relative-value relationships across established sector and statistical clusters. The core premise is mean reversion: when the pricing relationship between two highly correlated assets statistically deviates from its historical norm, Miami executes a paired trade — instituting a long position in the underperforming asset and a short position in the outperforming asset. Positions are held only until the pricing relationship normalises, at which point the trade is systematically unwound to capture the differential.
Program Details
| Inception Date | Jan 2020 |
| Trading Style | N/A |
| Holding Period | N/A |
| Markets Traded | N/A |
| Margin | 0.00% |
| Minimum Investment | $100,000 |
| Management Fee | 1.0% |
| Performance Fee | 30.0% |
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 | +39.33% | +25.87% | +13.84% | +41.50% |
Maximum Drawdown Since Inception
-5.13%
Past performance is not indicative of future results.
Fee assumptions: $1,000,000 assumed starting capital; 1.00% annual management fee, accrued monthly; 30.00% incentive fee, calculated quarterly and subject to a high-water mark. A portion of this performance may be back-tested and is considered hypothetical.
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.