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Recent Statistics
  • May Return: 1.22%
  • YTD Return: 6.47%
  • Annual CROR:1 10.94 %
  • Worst DD:2 -16.81%
  • Losing Streak:3 0.00 %
  • Sharpe Ratio:4 0.95
  • Min Investment: $30,000
  • AUM:5 $2,095,501
  • Calmar Ratio:6 0.40
Bluenose Capital Management, LLC has as its primary goal development and implementation of trading strategies intended to generate better than average growth for investment portfolios. Bluenose Capital Management, LLC's trading strategies seek to be flexible enough to profit in rising markets as well as declining markets. (The potential for loss is, of course, also equal.) Additionally, Bluenose Capital Management, LLC's trading strategy has the potential to perform well in both inflationary and deflationary periods (unlike stocks). Bluenose Capital Management, LLC's strategy is based on the belief that investments in stock indexes and commodities, not individual stocks or sectors, hold more possibilities for growth than day trading, swing trading, trend following or "buy and hold" strategies. The markets do not operate in a static environment. They are constantly changing. In order for Bluenose Capital Management, LLC strategies to continue to work it is necessary to constantly evaluate where we have been and where we are going and adjust accordingly.


Bluenose Capital Management, LLC trading strategy incorporates five vital elements: fundamental analysis, technical analysis, strategy, money-management and risk assessment. Fundamental analysis is the study of the economic environment, both macro and micro. It is the study of supply and demand, interest rate policy, labor productivity and monetary policies. Fundamental analysis also considers the state of our economy as well as the global economic and political situation. The use of fundamentals assists in recognizing potential trading opportunities and aids in determining what the market is thinking and how it might react. Technical analysis is the study of price movement in the context of statistical and probability outcomes. It is the study of price pattern histories in order to predict how prices might react in the future. The use of technical analysis assists in determining a more favorable entry or exit of Bluenose Capital Management, LLC positions. After assessing both fundamental and technical conditions of the market Bluenose Capital Management, LLC then ascertains the best strategy.

At the present time, Bluenose Capital Management, LLC believes that the selling of premium on futures indexes is the best strategy. Proper money management is imperative to the long-term success of any portfolio. We understand the importance of this issue and are constantly implementing proper money management techniques. The final element to our plan is risk assessment. We are continually analyzing the markets to ascertain the risks. Risk assessment and money management work together. There are times when we are fully positioned in the markets and times when we are not depending on our opinions of the risk assessment. Although risks cannot be eliminated and profits cannot be guaranteed through money management and risk control, these two steps are vital for the long-term growth we wish Bluenose Capital Management, LLC and its clients to attain. Bluenose Capital Management, LLC will take advantage of the financial markets using diversified strategies. Some of these strategies involve the selling of time (calls and puts) on stock indices or other suitable commodities. At times we may purchase calls and puts to reduce margin or to take advantage of what we believe will be a profitable trade based on market conditions. We look for investment opportunities trying to capitalize on the fear and greed of the average investor. Bluenose Capital Management, LLC will follow a long-term plan for portfolio growth and protection. There are times when Bluenose Capital Management, LLC is not in the markets at all and others when we are fully invested. At present, the main strategy that best meets Bluenose Capital Management, LLC criteria for effective growth to risk management is one that focuses on the writing (selling) of options using Futures contracts of indices and other commodities. We currently offer three programs, BNC EI, BNC BI and BNC CL.

Rob McLallen is Managing Director and co-founder of Bluenose Capital Management, LLC. Mr. McLallen earned his BBA with a concentration in finance from The College of William and Mary. He has over 20 years of experience in the financial services industry serving both individuals and institutional clients. Mr. McLallen has held positions as a financial advisor at Merrill Lynch and UBS. He served as a Principal of Castlemaine Partners, LLC, a registered investment advisor he founded in 2001. He lives in Vienna, Virginia with his wife and two sons. Mr. McLallen is active in his community lacrosse, serving on the leadership board of the Fellowship of Christian Athletes Lacrosse Ministry and as a member of the College of Elders at Vienna Presbyterian Church. Joseph Natoli is Managing Director and co-founder of Bluenose Capital Management, LLC. Mr. Natoli received a Bachelors of Science in Economics from Randolph Macon College and earned his MBA from The George Washington University. Mr. Natoli has over 12 years of experience in the commodity markets holding trading and management positions at Chesapeake Investment Services. Mr. Natoli founded Zephyr Asset Management, a registered commodity trading advisor serving as Managing Director until starting Bluenose Capital Management. Mr. Natoli is Series 3 (National Commodities Futures Representative) qualified. He lives in Davidsonville, Maryland with his wife and two daughters. Mr. Natoli is active in his community and coaches girls Travel soccer.


  • Trading Methodology
    100% Discretionary
  • Style Sub-Categories
    Option Writer
  • Trading Style
    100% Option Trading
  • Market Allocation

  • Holding Period
    100% Short Term
  • Sector
    US
    Contracts
    Options

Performance Since October 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2017 1.43% 0.83% 1.44% 1.39% 1.22%   6.47% 0%
2016 -1.15% 0.67% -2.75% 0.37% 2.60% -0.96% 1.98% 1.82% -3.78% 5.14% 3.12% 0.28% 7.22% -3.78%
2015 -0.86% 1.86% 2.30% 1.01% 0.54% 2.31% 2.19% -2.81% 1.79% -3.55% 2.25% -2.76% 4.06% -5.13%
2014 4.31% -1.69% 4.84% 1.45% 1.52% 1.28% -3.13% 5.64% 1.45% -12.08% 2.81% 2.07% 7.42% -12.08%
2013 -0.29% 1.26% 0.69% -14.32% 0.22% 1.78% 0.94% 1.03% -5.42% 1.04% -2.33% 10.29% -6.73% -16.81%
2012 0.92% 1.17% -0.53% 1.74% 2.15% -0.90% 1.67% 1.19% 1.03% 1.66% 1.55% 0.66% 12.98% -0.9%

Years200820092010201120122013
ROR2.46%20.17%21.30%22.42%12.98%-6.73%
Max DD0.00%-5.77%-0.43%-1.62%-0.90%-16.81%

Years2014201520162017 YTD
ROR7.42%4.06%7.22%6.47%
Max DD-12.08%-5.13%-3.78%0.00%


PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING. THERE IS UNLIMITED RISK OF LOSS ASSOCIATED WITH WRITING SHORT OPTION CONTRACTS.

Program Information
  • Start Date: Oct-2008
  • New Money: Yes
  • Min Investment: $30,000
  • Fund Minimum: $0
  • Notional Funds: No
  • NFA Member: Yes
  • NFA Number: 0419569
  • Currency: US Dollar
  • AUM:5 $2,095,501
  • Annual CROR:1 : 10.94%
  • Worst Drawdown:2 -16.81 %
  • Losing Streak:3 0.00 %
  • Sharpe Ratio:4 0.95
  • Calmar Ratio:6 0.40
  • Margin:7: 50-60%
  • Mgt Fee: 2.00%
  • Incentive Fee: 20.00%
  • Other Fees: None
  • Avg Comm:8 $17.30 including fees
  • Max Comm:9:
  • Round Turns:10 2,400
Additional Information
  • Other Memberships:
  • Correlations: AG CTA Index: 0.086 | AG Discretionary CTA Index: 0.296 | Option Writer Asset Weighted Index: 0.208 |
  • Track Record Prepared By: In-House

  • 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.