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Recent Statistics
  • Apr Return: -1.26%
  • YTD Return: -14.36%
  • Annual CROR:1 5.57 %
  • Worst DD:2 -32.79%
  • Losing Streak:3 -18.93 %
  • Sharpe Ratio:4 0.30
  • Min Investment: $200,000
  • AUM:5 $8,683,000
  • Calmar Ratio:6 0.51
The general trading strategy of the SWMI program is trend following. No fundamental analysis is used. The strategy is not based on analysis of supply and demand factors, general economic factors or world events. The SWMI model generates its own entry and exit signals and trades both sides of the market (long and short). The SWMI model is very long term in time-frame focus. Approximately 27 domestic and international commodity interests may be traded. All markets are traded with equal parameters.

At Southwest Managed Investments risk management is giving high priority. If at all possible within existing market conditions, Southwest Managed Investment's trading system performs under the constraints of its risk management system. In the Global Diversified Program the risk management system helps eliminate the amount of risk in each market, group of related markets, and for the overall portfolio.

Risk is calculated daily for each model on all open positions. Each open position has an adverse reaction price point at which Southwest Managed Investments exits the position immediately. Within the model, various other techniques and filters are used to control risk in related markets and in the portfolio as a whole. Southwest Managed Investments employs an additional overriding filter to prevent initiating a position when the level of risk in the initiated position is at an abnormally high level.

In 1999, Vince Batla and Jonathan Teer developed and began trading their own program, which was later named the Global Diversified Program. After trading this program for ten years, Teer and Batla became a Limited Liability Corporation and named their LLC and their CTA Southwest Managed Investments. Mr. Teer and Mr. Batla posses many years of experience in model development and the systemic trend following methodology. Both have extensive backgrounds of over twenty years in the systemic trend following arena as industry participants and as investors. To learn more about their respective backgrounds, please see: Principals of Southwest Managed Investment which can be found in Southwest Managed Investment's latest Disclosure Document.


  • Trading Methodology
    99% Systematic
    1% Discretionary
  • Style Sub-Categories
    Pattern Recognition
    Volatility
  • Trading Style
    100% Trend Following
  • Market Allocation
    Diversified
  • Holding Period
    100% Long Term
  • Sector
    Global
    Contracts
    Futures

Performance Since January 2002

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2017 -11.17% -1.34% -1.04% -1.26%   -14.36% -14.36%
2016 2.63% 8.11% -3.09% 1.77% -7.22% 1.55% 1.76% -2.62% -4.19% 8.31% 6.17% -5.33% 6.56% -11.78%
2015 8.08% 0.91% 1.51% -5.32% -1.35% -1.94% 5.99% -5.62% 2.97% -4.65% 3.88% -3.18% 0.16% -10.05%
2014 -3.67% 11.38% -4.00% -2.59% -1.71% 4.83% 1.45% 0.32% 20.12% -1.80% 11.81% 4.45% 44.94% -8.09%
2013 -0.77% -2.92% 0.24% -3.50% -1.58% 3.81% -2.99% -2.51% -5.21% -2.04% 1.57% -1.67% -16.5% -16.5%
2012 -10.87% 5.86% 1.60% -4.17% 44.73% -6.27% 2.35% -4.97% -6.69% -6.03% 1.80% 2.68% 11.09% -20.06%

Years200220032004200520062007
ROR5.13%8.37%-1.69%-11.51%14.82%8.58%
Max DD-8.33%-15.74%-16.24%-11.51%-10.19%-9.34%

Years200820092010201120122013
ROR55.26%-11.63%24.65%-11.61%11.09%-16.50%
Max DD-18.49%-11.63%-4.65%-13.90%-20.06%-16.50%

Years2014201520162017 YTD
ROR44.94%0.16%6.56%-14.36%
Max DD-8.09%-10.05%-11.78%-14.36%


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

Program Information
  • Start Date: Jan-2001
  • New Money: Yes
  • Min Investment: $200,000
  • Fund Minimum: $0
  • Notional Funds: Yes
  • NFA Member: Yes
  • NFA Number: 0412752
  • Currency: US Dollars
  • AUM:5 $8,683,000
  • Annual CROR:1 : 5.57%
  • Worst Drawdown:2 -32.79 %
  • Losing Streak:3 -18.93 %
  • Sharpe Ratio:4 0.30
  • Calmar Ratio:6 0.51
  • Margin:7: 10.9%
  • Mgt Fee: 1.80%
  • Incentive Fee: 20.00%
  • Other Fees: None
  • Avg Comm:8 $50.00
  • Max Comm:9:
  • Round Turns:10 685
Additional Information
  • Other Memberships:
  • Correlations: AG CTA Index: 0.521 | AG Systematic CTA Index: 0.572 |
  • Track Record Prepared By: N/A

  • Chart
    Chart
  • * 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.