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THS Capital Management, LLC
Diversified Trend Following
Report Start Date: Feb-2022 - Report End Date: Aug-2024
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Program Description: The THS Diversified Trend Following program is a Trend-Following program that is primarily systematic, using a proprietary blend of technical indicators, with a discretionary overlay, that generates specific Buy, Sell or No Entry signals in a basket of domestic futures markets.
The Diversified Trend Following Program ($250,000) takes each of the 30 individual derivative markets that are traded. For example, in the energy sector the program could have on crude oil, heating oil, and unleaded gas. There are also multiple markets traded in the grain sector and in the metals sector. Note that during periods of extreme volatility, the system may temporarily reduce position exposure. From time to time the advisor may also utilize long options and option spreads. Once a trade is initiated, strict rules for risk management are implemented which includes, but are not limited to, trailing stop-losses on all positions. The average holding period is between 1 and 15 calendar days and the recommended account minimum is $250,000 with notional funding available. Position sizing is based on volatility and risk. The program has been shown to have a low correlation to traditional asset classes such as stocks and bonds. The Advisor maintains ongoing research into the characteristics of the markets traded.
Thomas Silman was born in Great Neck, New York, and attended Cornell University. He received a B.S. degree in Biological Sciences from Virginia Tech and did post-graduate work at Case Western Reserve University. Prior to entering the financial industry, Mr. Silman served in the U.S. Army as a Cryptographer where he held a Top Secret Cryptologic Clearance. His duties included analysis of code-breaking techniques, as well as encryption and decryption of very sensitive communications. In 1972, Mr. Silman began his financial career with Reynolds Securities (aka Dean Witter Reynolds) as a dually listed Stock and Commodity futures broker and has been actively trading ever since; initially in NY and later in CA. In 2004 he established THS Capital Management Corp as a Commodity Trading Advisor (CTA) and in 2008, Mr. Silman went private, whereby he traded mostly for himself and "Friends and Family" accounts. In 2018 he began trading under his sole proprietorship THS Capital Management. As of July 2022 all accounts traded under Mr. Silman's sole proprietorship will now be traded under THS Capital Management, LLC using the same strategy that Mr. Silman has applied to his sole proprietorship.
Program Start Date | Jul-2022 | |
Percent Discretionary | 10% | |
Percent Systematic | 90% | |
Minimum Investment | 250,000 | |
Management Fee | 2.00% | |
Incentive Fee | 20.00% | |
Margin | 10-15% | |
Round Turns per Million | 2,000 | |
Currency | US$ | |
NFA No: | #0548429 |
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | -0.47% | -0.09% | 0.34% | -1.18% | -2.72% | 4.75% | -4.50% | 0.88% | -3.09% | 0.50% | 2.41% | |
2023 | -5.19% | 2.35% | -0.93% | 0.47% | -0.94% | -1.31% | -4.64% | -2.81% | -0.25% | -3.80% | -0.07% | 7.17% |
2024 | -4.24% | 2.56% | -5.82% | 1.77% | 0.74% | -0.34% | -1.34% | -0.81% |
2022 | 2023 | 2024 | |
---|---|---|---|
ROR | -3.17% | -9.95% | -7.48% |
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. THERE ARE NO GUARANTEES OF PROFIT. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION TO INVEST SOLELY ON THE PAST PERFORMANCE PRESENTED HEREIN. |
THS Capital Management, LLC
Diversified Trend Following
Report Start Date: Feb-2022 - Report End Date: Aug-2024
Print to PDF Here
Accounting Notes: Performance from February 2022 through May 2022 represents the trading of Thomas Silman's sole proprietorship d.b.a. THS Capital Management. As of July 2022, THS Capital Management, LLC will replace Mr. Silman's sole proprietorship using the same strategy that Mr. Silman has applied to his sole proprietorship.
Statistical Notes
1. Peak to Valley Drawdown ("Maximum Drawdown") is the worst drawdown % loss over the period of
2022-02-28 to 2024-08-31. If the Start Date of this Report Predates the Inception of the Program (Jul 2022), the Maximum Drawdown from Inception may be larger than indicated in this report,
2. The Annualized Mean Return is calculated by annualizing the average monthly return,
3. Downside Deviation uses a 5% Minimum Acceptable ROR,
4. Sharpe Ratio uses a 1% Risk Free ROR
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. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.
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