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Recent Statistics
  • Dec Return: 0.05%
  • YTD Return: -0.28%
  • Annual CROR:1 5.09 %
  • Worst DD:2 -3.78%
  • Losing Streak:3 -2.61 %
  • Sharpe Ratio:4 0.67
  • Min Investment: 200,000
  • AUM:5 43,453,786
  • Calmar Ratio:6 N/A
Stenger Capital Management is a discretionary CTA with 65 years of experience between the two principals of the firm. We primarily use technical analysis with a deep understanding of the fundamentals behind all of the markets we trade. Our primary focus is to find trades in the 2-5 day time frame but will also look to take advantage of temporary market dislocations and long term bull and bear trends in the futures markets. This gives us an excellent risk reward profile during volatile market periods.

Scott Stenger, Managing Partner and Co-Founder began his career in commodity futures as a summer intern on the floor of the Chicago Board of Trade in the late 1980s. He studied at Babson College in Boston, Massachusetts and received a dual-major Bachelor of Science degree in Finance and Investments. After graduating in 1991, he continued his market studies under the direction of his father, Chris Stenger. Scott became a registered floor broker and member the Chicago Mercantile Exchange in 1996 where he continued to trade for his personal account. In 2007, Scott and his family moved to Colorado where he continues to trade on his own and clients behalf. In 2009 Scott and his father, Chris, formed Stenger Capital Management, LLC Christopher Stenger, Partner and Co-Founder has been involved in trading commodities for over 45 years. After receiving a Bachelor of Science degree in History and Economics from Dartmouth College in 1966, he started an internship with the brokerage firm Goodbody & Co. Shortly thereafter, he began trading pork bellies for his personal account even while serving in the U.S. Army from 1968-1971. In 1971 Chris obtained a membership to the Chicago Mercantile Exchange and then also became a member of the Chicago Board of Trade. He remained a floor trader until the early 1980s when he moved to an office environment to continue trading for himself. Today, Chris lives in Colorado and continues to trade on his own and clients behalf. In 2009 Chris and his son, Scott, formed Stenger Capital Management, LLC.


  • Trading Methodology
    100% Discretionary
  • Style Sub-Categories
    Fundamental
    Pattern Recognition
    Trend Anticipatory
  • Trading Style
    20% Trend Following
    10% Contrarian
    70% Technical Analysis & Pattern Recognition
  • Market Allocation
    Diversified
  • Holding Period
    30% Short Term
    70% Intraday
  • Sector
    US
    Contracts
    Futures

Performance Since April 2010

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2016 0.01% -0.18% -0.05% 0.19% 0.28% 0.39% -0.78% -0.29% 0.27% -0.27% 0.10% 0.05% -0.28% -1.07%
2015 0.04% -0.28% 0.44% 0.02% 0.15% 0.53% 0.13% 0.11% 0.04% -0.01% 0.05% 0.03% 1.26% -0.28%
2014 -0.29% -0.34% -0.09% 0.36% -0.60% 0.09% 0.07% 0.15% -0.20% -0.71% 0.10% -0.02% -1.48% -1.56%
2013 0.27% 0.15% 0.17% -0.07% 0.47% -1.40% -0.61% 0.76% -0.61% -0.55% 0.24% 0.07% -1.13% -2.4%
2012 0.90% 0.70% 0.13% 0.28% 0.18% 0.51% 0.25% 0.12% -0.34% 0.33% 0.02% 0.23% 3.36% -0.34%
2011 0.62% 0.95% 1.96% 0.78% 0.38% 1.64% 12.36% 0.24% -0.07% -0.09% -0.39% 0.40% 19.78% -0.55%

Years201020112012201320142015
ROR14.81%19.78%3.36%-1.13%-1.48%1.26%
Max DD-0.50%-0.55%-0.34%-2.40%-1.56%-0.28%

Years2016 YTD
ROR-0.28%
Max DD-1.07%


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

Program Information
  • Start Date: Apr-2010
  • New Money: Yes
  • Min Investment: 200,000
  • Fund Minimum: 0
  • Notional Funds: Yes
  • NFA Member: Yes
  • NFA Number: 0415158
  • Currency: US Dollar
  • AUM:5 43,453,786
  • Annual CROR:1 : 5.09%
  • Worst Drawdown:2 -3.78 %
  • Losing Streak:3 -2.61 %
  • Sharpe Ratio:4 0.67
  • Calmar Ratio:6 N/A
  • Margin:7: 0.02
  • Mgt Fee: 1.00%
  • Incentive Fee: 20.00%
  • Other Fees: None
  • Avg Comm:8 $5
  • Max Comm:9:
  • Round Turns:10 1,800
Additional Information
  • Other Memberships: None Listed
  • Correlations: AG CTA Index: 0.247 | AG Discretionary CTA Index: 0.269 |
  • Track Record Prepared By: CTA Services

  • 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.