Manager List    »   Commodities Analytics LLC   »   

Recent Statistics
  • Apr Return: -0.33%
  • YTD Return: -0.78%
  • Annual CROR:1 20.48 %
  • Worst DD:2 -3.73%
  • Losing Streak:3 -1.83 %
  • Sharpe Ratio:4 2.02
  • Min Investment: $50,000
  • AUM:5 $3,340,332
  • Calmar Ratio:6 10.78
The Advisor's trading approach is a discretionary approach which incorporates both technical analysis for time entry and exit strategy and fundamental analysis for trading ideas. Specifically, the trading signals are not computer generated and are based on the judgment of the Advisor based on the data available to and analyzed by the Advisor.

The trading program is primarily a day trading program. What this means is that more than 95% of the positions are opened and closed at the same trading day. On rare occasions, positions are left open at the end of the trading day.

There is no closed list of contract types that are traded by the Advisor. The Advisor can and will trade a broad spectrum of markets permitted on United States exchanges and foreign exchanges. The contracts that are traded are typically contracts that usually have a parallel TAS (Trading at Settlement) market and are sufficiently liquid. The percentage of the portfolio devoted to each complex and each commodity varies and is based upon the current market conditions and potential opportunity. The Advisor expects to trade futures, and the trading program does not call for the use of trading options. However, the Advisor may need to use options for some unforeseen reason in the future. Therefore, the Advisor may trade options on futures if the need to do so arises.

GUY RUTENBERG has been a listed principal of the Advisor since January 22, 2016 and a registered associated person of the Advisor since January 27, 2016. Mr. Rutenberg was a former trader and is a financial markets entrepreneur with business experience in financial markets as well as in the startup tech industry and the international apparel industry. Mr. Rutenberg is the owner of the Market Place Financial Instruments Ltd. an Israeli foreign introducing broker since 2001. Mr. Rutenberg is employed at Baci Trade, LLC since August 2014. Mr. Rutenberg is also a partner at Baci Trade and Investments Ltd. since July 2004. These Baci companies manufacture clothing in Italy and sell the clothes in Israel (mostly retail sales) and in the United States (mostly wholesale sales). Mr. Rutenberg has a Bachelor degree in Business with major in finance as well as LLB, both from the Interdisciplinary Center of Herzlia in Israel, as well as Masters in Finance with major in financial derivatives from the Universiteit van Amsterdam, in The Netherlands. Mr. Rutenberg served in the Israeli Army, at the beginning as a combat soldier and later in an administrative position at the department of wounded soldiers of the ground forces. Mr. Rutenberg does not currently trade futures and options on futures for his own account, however, he did so in the recent past in an account managed by the Advisor's Principal, Gal Taragan. The performance for this account is presented in the proprietary performance capsule presented on page 21. Mr. Rutenberg reserves the right to trade for his own account in the future while the Advisor manages Client accounts. The trading records related to such trading will be made available to Clients upon written request and during normal business hours. GAL TARAGAN is the trading principal for the Advisor and has been listed as a principal of the Advisor since January 27, 2016. Mr. Taragan grew up into a world of financial trading. Specifically, Mr. Taragan was always by his father's side who works at one of Israel's biggest investment houses. Mr. Taragan took employment at Market Place Financial Instruments Ltd. an Israeli foreign introducing broker. He was employed at Market Place Financial Instruments Ltd. from August 2012 through March 2016. While there, he worked in the back office and learned about trading systems and platforms and began to develop the current trading model being offered by the advisor. Mr. Taragan has had the rare opportunity to watch and learn how complex financial transactions take place, and all the do's and don'ts of proper trading. He learned about the complex relationships between market segments, risk management and money management. This experience helped Gal achieve a disciplined approach to trading with strict risk management. Before getting drafted to the Israeli Army, Gal worked at Altshuler Shaham Ltd. from July 2008 to March 2009 in their back office. Altshuler Shaham Ltd is an Israeli firm in the field of asset management. It specializes in the management of portfolios, and mutual, provident, and pension funds and provides its services to a wide range of services to its institutional and private investors. From April 2009 through February 2012, Gal served in the Israeli Defense Forces at an intelligence unit and following to 2 years of hard service, he completed his service as a war room commander. Soon after leaving the Israeli Defense Force, Mr. Taragan worked part time from March 2012 to June 2014 as an administrative assistant at the Open University in the City of Ra'anana in Israel. Gal is a studying for a Bachelor degree in Business with major in Finance at the "Michlala Le-minhal" College in Tel-Aviv, Israel. Mr. Taragan currently trades commodities and futures for his own account. Mr. Taragan reserves the right to continue doing so in the future while the Advisor manages Client accounts. The trading records related to such trading will be made available to Clients upon written request and during normal business hours. Market Place Financial Instruments Ltd. (MP) is a company registered in Israel and and provides introducing broker services and trading education to Israeli traders for over 15 years. MP is owned by brothers Guy and Roy Rutenberg. Roy Rutenberg is a long time futures trader and a co-owner of MP. Roy is a businessman with investments in various sectors in the USA, Italy and Israel. Alexander Shpak is trading futures and options for over 15 and a registered CTA, operating from Montreal, Canada. Alex specializes in trading of S&P Options. Alex helped Commodities Analytics in its early days with his vast experience in the markets and relationships in the futures industry.

Accounting Notes: The accounts presented in this Capsule were charged an actual commission ranging from $1.25 to $1.50 per side per contract. The Advisor believes that actual commissions for this program will average $2.00 per side per contract. Therefore, the Advisor normalized the performance to reflect a commission rate of $2.00 per side so the reader of the performance can review the performance based on a pro-forma basis. Also, the accounts did not pay management or incentive fees and therefore, we had to pro-forma the returns to account for a monthly management fee and a quarterly incentive fees.

The Advisor's trading principal, Gal Taragan has managed accounts pursuant to discretionary authority as an exempt commodity trading advisor. This performance represents outside non-proprietary accounts (friends and business acquaintances) that Gal Taragan, the trading principal, has traded as an exempt CTA (under 15 clients and does not hold himself out to the public as a CTA).


  • Trading Methodology
    100% Discretionary
  • Style Sub-Categories
    Pattern Recognition
    Volatility
    Trend Anticipatory
  • Trading Style
    100% Intraday | Proprietary Indicators
  • Market Allocation
    Diversified
  • Holding Period
    100% Intraday
  • Sector

    Contracts
    Futures

Client Performance traded by Gal Taragan under an exemption for Managers with less 15 clients. There were no trades from Sept 2014 - Nov 2014.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2017 1.07% -0.61% -0.90% -0.33%   -0.78% -1.83%
2016 5.67% 1.90% 2.32% 1.04% 4.13% 3.38% 2.95% 4.08% 0.68% 0.25% 2.46% 0.67% 33.67% 0%
2015 -1.01% -0.04% 2.24% 1.17% -1.05% 1.80% 2.12% 1.64% -0.35% 6.94% 2.58% 3.39% 20.94% -1.05%
201410.96% 1.50% -2.75% -1.01% 0.06% -0.04% 0.46% 0.02% 0.00% 0.00% 0.00% 6.47% 16.01% -3.73%

Years2014201520162017 YTD
ROR16.01%20.94%33.67%-0.78%
Max DD-3.73%-1.05%0.00%-1.83%


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

Program Information
  • Start Date: Jan-2014
  • New Money: No
  • Min Investment: $50,000
  • Fund Minimum: $50,000
  • Notional Funds: Yes
  • NFA Member: Yes
  • NFA Number: 0492815
  • Currency: US Dollar
  • AUM:5 $3,340,332
  • Annual CROR:1 : 20.48%
  • Worst Drawdown:2 -3.73 %
  • Losing Streak:3 -1.83 %
  • Sharpe Ratio:4 2.02
  • Calmar Ratio:6 10.78
  • Margin:7: 10%-35%
  • Mgt Fee: 2.00%
  • Incentive Fee: 20.00%
  • Other Fees: Yes
  • Avg Comm:8 $2 per side plus fees
  • Max Comm:9:
  • Round Turns:10 20,000
Additional Information
  • Other Memberships: None Listed
  • Correlations: AG CTA Index: -0.259 | AG Discretionary CTA Index: -0.151 |
  • Track Record Prepared By: Compliance Supervisors

    Accounting Notes: The accounts presented in this Capsule were charged an actual commission ranging from $1.25 to $1.50 per side per contract. The Advisor believes that actual commissions for this program will average $2.00 per side per contract. Therefore, the Advisor normalized the performance to reflect a commission rate of $2.00 per side so the reader of the performance can review the performance based on a pro-forma basis. Also, the accounts did not pay management or incentive fees and therefore, we had to pro-forma the returns to account for a monthly management fee and a quarterly incentive fees.

    The Advisor's trading principal, Gal Taragan has managed accounts pursuant to discretionary authority as an exempt commodity trading advisor. This performance represents outside non-proprietary accounts (friends and business acquaintances) that Gal Taragan, the trading principal, has traded as an exempt CTA (under 15 clients and does not hold himself out to the public as a CTA).

  • 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.