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Recent Statistics
  • Sep Return: 0.86%
  • YTD Return: -10.40%
  • Annual CROR:1 2.56 %
  • Worst DD:2 -35.31%
  • Losing Streak:3 -15.67 %
  • Sharpe Ratio:4 0.18
  • Min Investment: $50,000
  • AUM:5 $179,217
  • Calmar Ratio:6 N/A
The program is a discretionary approach to futures trading and has been continually enhanced over the years to a point where it usually trades once per day and only in the ICE Brent Oil market. However, at times it may be necessary to trade WTI Crude Oil on Globex or to trade more than once per day. The program does not trade options and does not trade on foreign exchanges. All trades are initiated and liquidated on the same day and no overnight positions are ever maintained. The decision to trade is based upon historic performance but primarily relies upon the previous day's market prices and related short term trading patterns. After the close on any given day it is known as to whether or not a trade will be initiated on the following business day. It is possible that several days may pass before a signal to trade is received. Stop orders are utilized after initiating a trade. Placing stop orders will not necessarily limit losses to the intended amounts since market conditions may make it impossible to execute such orders at the requested price. The market is monitored very closely to make sure that no extraordinary events occur and thus adversely affect the position. By applying this disciplined short term approach risk is limited to a specific time frame during the trading day with no exposure to the overnight markets.

Joseph Texido, born on March 23, 1955, is the sole member of the Advisor. Mr. Texido became registered as an associated person of the Advisor on August 30, 2010 and became listed as a principal of the Advisor on July 19, 2010. On May 29, 2012, Mr. Texido became the branch office manager of the Advisor’s branch office. The branch office closed on September 4, 2012. Mr. Texido’s responsibilities entail communicating with prospective and existing clients, regulators, legal and compliance consultants, and other vendors. Mr. Texido also performs trade execution and position monitoring. On August 28, 2012, Mr. Texido became an associated person of Conover Futures Group LLC. On August 20, 2012, Mr. Texido became a principal of Conover Futures Group LLC. Conover Futures Group LLC was approved as an NFA Member and became registered as an introducing broker on August 28, 2012. Conover Futures Group LLC operates pursuant to a guarantee agreement with Rosenthal Collins Group LLC. Mr. Texido’s duties include customer solicitations, trade execution, and attending to other day to day compliance, accounting, and registration issues. On July 7, 2010, Mr. Texido became registered as an associated person and branch office manager of Rosenthal Collins Group LLC (“RCG”), a registered futures commission merchant and NFA Member. On September 4, 2012, Mr. Texido relinquished his position as an associated person and branch office manager of RCG. At RCG, Mr. Texido was responsible for overseeing a trading desk that executes trades for retail and institutional customers in both domestic and foreign exchanges. From September 27, 2002 through June 15, 2010, Mr. Texido was employed as an associated person of MF Global Inc. (“MFG”), a registered futures commission merchant and NFA Member. At MFG, Mr. Texido was responsible for overseeing a trading desk that executed trades for retail and institutional customers in both domestic and foreign exchanges. From April 2008 through June 2010, Mr. Texido was listed as a branch office manager of MFG. Mr. Texido currently trades commodities, futures, or options on futures for his own personal account. Trading records along with any written policies related to such trading would be made available for clients’ inspection during normal business hours at the Advisor’s office upon reasonable advance notice.

Accounting Notes: Performance from October 2007 through November 2010 represents the trading of Robert Tongue, formerly a principal of Conover Investments. Performance from December 2010 on represents the client performance of Conover Investment's Oil Trading Program. There have been no differences in trading since Mr. Tongue traded the customer accounts pursuant to the Oil Trading Program; however, since December 2010 we have been charging a 1% management fee and 30% incentive fee.

NOTE THAT THE PROGRAM DID NOT TRADE IN JANUARY 2009.


  • Trading Methodology
    100% Discretionary
  • Style Sub-Categories
    Trend Following
    Technical Trend Following Sys
  • Trading Style
    100% Trend Following
  • Market Allocation

    Fut Intraday
  • Holding Period
    100% Intraday
  • Sector
    Offshore
    Contracts
    Futures

Performance from Oct 2007 through Nov 2010 represents the trading of Robert Tongue, formerly a principal of Conover Investments. Performance from Dec 2010 on represents the client performance.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2017 1.23% 0.07% 0.08% -3.89% 0.29% -2.01% -1.97% -5.36% 0.86%   -10.4% -12.37%
2016 -1.69% 0.38% 2.71% 1.98% -2.41% -2.27% -7.01% 2.65% 6.13% 4.58% 0.96% 0.39% 5.86% -11.31%
2015 1.35% 1.29% -3.06% 1.23% -3.72% -4.27% -1.34% 5.01% -0.39% -4.82% 2.94% -0.40% -6.49% -11.16%
2014 -0.71% 0.13% 1.61% -1.97% -1.01% -1.63% 4.42% 0.10% -2.01% -5.16% 5.66% 2.90% 1.84% -7.27%
2013 0.27% -4.31% 5.15% 0.40% -1.38% 1.98% -0.04% -3.37% 1.01% -2.34% -0.19% -1.84% -4.89% -6.64%
2012 -1.52% -3.91% 2.17% 6.87% 4.37% 5.74% -0.62% 0.44% 2.73% -0.37% 3.50% -0.68% 19.75% -5.37%

Years200720082009201020112012
ROR-1.35%15.84%2.94%24.19%-14.36%19.75%
Max DD-7.32%-4.63%-35.31%-2.71%-25.82%-5.37%

Years20132014201520162017 YTD
ROR-4.89%1.84%-6.49%5.86%-10.40%
Max DD-6.64%-7.27%-11.16%-11.31%-12.37%


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

Program Information
  • Start Date: Oct-2007
  • New Money: Yes
  • Min Investment: $50,000
  • Fund Minimum: $0
  • Notional Funds: Yes
  • NFA Member: Yes
  • NFA Number: 0423320
  • Currency: US Dollar
  • AUM:5 $179,217
  • Annual CROR:1 : 2.56%
  • Worst Drawdown:2 -35.31 %
  • Losing Streak:3 -15.67 %
  • Sharpe Ratio:4 0.18
  • Calmar Ratio:6 N/A
  • Margin:7: Avg 20% : Max 50%+
  • Mgt Fee: Up to 1%
  • Incentive Fee: Up to 30%
  • Other Fees: None
  • Avg Comm:8 25.00
  • Max Comm:9: 25.00
  • Round Turns:10 10,000
Additional Information
  • Other Memberships:
  • Correlations: AG CTA Index: 0.073 | AG Discretionary CTA Index: 0.121 |
  • Track Record Prepared By: Compliance Supervisors

    Accounting Notes: Performance from October 2007 through November 2010 represents the trading of Robert Tongue, formerly a principal of Conover Investments. Performance from December 2010 on represents the client performance of Conover Investment's Oil Trading Program. There have been no differences in trading since Mr. Tongue traded the customer accounts pursuant to the Oil Trading Program; however, since December 2010 we have been charging a 1% management fee and 30% incentive fee.

    NOTE THAT THE PROGRAM DID NOT TRADE IN JANUARY 2009.

  • Chart
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  • * By selecting to be contacted by a Representatives Autumn Gold may refer you to a third party broker or directly to the Manager.

    (P) - Proprietary Trading Results (C) - Client Trading Results

    1. Rate of Returns are calculated from the start date of each program. Usually returns are calculated based on the Annual Compounded Rate of Return method. In some cases returns have been calculated on an Non-Compounded basis. This would occur when a Manager trades based on account unit rather than on account equity.

         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 Rate of Return ("Annual ROR") is calculated adding each month's return.

    2. 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.

    3. The Current Losing Streak ("Losing Streak") represents the extent of the Adviso'rs current drawdown.

    4. Sharpe Ratio is a risk adjusted ratio that rewards consistancy of returns. Traders are penalized for volatility regardless of whether it is onthe up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return.

    5. Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.

    6. 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.

    7. Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.

    8. 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.

    9. Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

    10. Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.

  • 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.