CTA Profiles Paragon Global Markets

Start Date: Jun-2018
Jul Return: 1.68%
YTD Return: 8.50%
Annual CROR: 9.12

Worst Drawdown: -1.94%
Losing Streak: 0.00 %
Sharpe Ratio: 2.83
Calmar Ratio: N/A

Min Investment: $0
Currency: US Dollars
Notional Funding: No
NFA Number: P153667

Margin:
Mgt Fee: 0.00%
Incentive Fee: 0.00%
Round Turns: 0

Trading Strategy: The Hyperion Fund is an actively traded absolute return fund utilizing S&P 500 options and futures. The fund's objective, through its four strategies, is to produce repeatable and clearly defined returns regardless of market direction. We weight each strategy to achieve a desired negative correlation to major indices as well as the systems being traded. Through analyzing this data and experience in various market cycles, we have developed an understanding of where each strategy will struggle and where it will outperform. The need then is to have a strategy that will outperform to a higher ratio than the other will struggle and to weight the two to give the fund the highest chance of a consistently profitable trade. Although there is always a risk of loss, we believe completely that we have created a portfolio of strategies that will achieve our objective and add diversification and value to an investor's portfolio. Risk Strategy: From the ground up, the entire trading program was specifically designed and built with a defensive risk profile in mind. The ethos of the trading strategy was to provide a high return stream with moderate volatility and manageable drawdowns while keeping margin-to-equity ratios to a minimum. Moreover the program was designed to use continuous electronic data, not stationary price points which provides the most up-to- date price discovery. The program uses this (in some cases 24hrs continuous) data as a major input such that the information is most current. This helps the system constantly adjust to the newest decisions. The program also employs a in-built Extreme Event Risk module which systematically manages such extreme events such that panic and emotional responses are avoided.

Accounting Notes: Track record prior to 10/2020 represents the live client traded managed account track record of the four strategies. 10/2020 forward is Hyperion fund live returns. This composite performance record is hypothetical and these trading advisors have not traded together in the manner shown in the composite. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being there are frequently sharp differences between a hypothetical composite performance record and the actual record subsequently achieved. One made that any multi-advisor managed account or pool will or is likely to achieve a composite performance record similar to that shown. In fact, of the limitations of a hypothetical composite performance record is that decisions relating to the selection of trading advisors and the allocation advisors. Therefore, composite performance records invariably show positive rates of return. Another inherent limitation on these results is that of assets among those trading advisors were made with the benefit of hindsight based upon the historical rates of return of the selected trading the allocation decisions reflected in the performance record were not made under actual market conditions and, therefore, cannot completely of assets changes from time to time and these adjustments are not reflected in the composite. Le Mans Trading LLC has had little or no account for the impact of financial risk in actual trading. Furthermore, the composite performance record may be distorted because the allocation experience allocating assets among particular trading advisors. Because there are no actual allocations to compare to the performance results from the hypothetical allocation, customers should be particularly wary of placing undue reliance on these results.

Trading Methodology
100% Systematic
Trading Style
40% Spread Trading
60% Option Trading

Style Sub-Categories
Option Spread
Volatility
Mean Reversion
Spread

Holding Period
50% Medium Term
50% Short Term
Sector: US
Contracts: Futures Options

Market Allocation
90% Stock Indices
10% VIX

Track record prior to 10/2020 represents the live client traded managed account track record of the four strategies and is considered Hypothetical Proforma Results. 10/2020 forward is Hyperion fund live returns. Please see Accounting Notes for the Risk of relying on Hypothetical Proforma Results.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	1.06%	0.88%	1.05%	1.45%	1.08%	1.01%	1.68%						8.5%	0%
2023	0.34%	0.67%	0.78%	0.43%	0.90%	0.77%	1.00%	1.18%	1.06%	1.25%	1.06%	1.05%	11%	0%
2022	0.02%	0.16%	0.70%	0.27%	0.30%	0.49%	0.36%	0.30%	0.23%	0.37%	0.41%	0.69%	4.38%	0%
2021	0.40%	0.38%	0.51%	0.39%	0.88%	0.91%	0.56%	0.87%	0.90%	0.78%	0.56%	0.95%	8.39%	0%
2020	0.31%	1.40%	6.92%	0.70%	0.75%	0.70%	0.12%	0.60%	-0.83%	-1.05%	0.04%	0.47%	10.37%	-1.87%
2019	0.36%	0.06%	0.68%	0.74%	-1.23%	0.52%	0.76%	0.61%	0.46%	0.06%	0.44%	0.69%	4.21%	-1.23%
2018	0.66%	-1.94%	1.03%	0.14%	0.30%	0.57%	1.20%	0.69%	1.08%	0.97%	0.28%	0.30%	5.37%	-1.94%
2017	0.97%	1.00%	1.27%	1.24%	1.01%	0.46%	0.83%	0.86%	0.90%	1.17%	0.32%	0.24%	10.76%	0%
2016	0.64%	1.14%	1.10%	0.61%	0.67%	1.63%	0.97%	0.97%	1.21%	0.42%	0.77%	1.00%	11.71%	0%
2015		1.67%	-0.04%	0.66%	1.03%	1.54%	1.07%	0.91%	0.54%	1.19%	1.42%	1.54%	12.14%	-0.04%

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

Chart

Track Record Prepared By: N/A

Footnotes:
(C) = Client Trading Results
(P) = Proprietary Trading Results
(P&C) = A Combination of Proprietary & Client Results.
Current Drawdown - The Current Losing Streak of the CTA, if any.
Worst Drawdown - The Worst Drawdown reflects the greatest loss from Inception. Worst Drawdown can be defined as the potential cost of higher return.
Annual Compound Rate of Return - The Annualized Compounded Rate of Return represents the average return of the CTA over the time frame of the report. It smoothes out returns by assuming constant growth.
Calmar Ratio - The 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.
Sharpe Ratio - The 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.
Round Turns - Represents the annual number of Round Turns per $1 million.

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

Qualified Eligible Investors - A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin).

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 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.

LIMITATIONS OF RANKINGS ARE THAT ONLY THOSE ADVISORS OR POOL OPERATORS THAT SUBMITTED THEIR PERFORMANCE DATA TO AUTUMNGOLD WERE RATED. THE ENTIRE CTA UNIVERSE IS NOT INCLUDED IN THE RANKINGS. THE PERFORMANCE INFORMATION PROVIDED WHEREIN HAS NOT BEEN VERIFIED BY AUTUMNGOLD.