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Managed Capital Advisory Group

CTA Profile
Delta Capital,, LLC - Delta Hybrid (P)
Principal(s): Jantz Hoffman, Zoran Cetusic & John Burnside
Trading System: Systematic / Forex & Indices

Request Disclosure Document * Request Statistical Report
Trading Description
The Delta Hybrid program looks to capitalize on inefficient market movements through similar assets. The automated program trades Forex and futures contracts simultaneously to capitalize on the inefficiencies targeted. The objective is to profit as the market corrects and re-attains efficiency. The program may be long or short either futures or Forex positions but each position will always have a counter position in a correlating asset. Due to the efficient nature of the markets Delta Hybrid will often not have a market position as the algorithms wait to identify proper inefficiencies. Entry sizes and margin used will vary depending on the measure of divergence of efficiency in the market at the time of entry. The dynamic entry sizes allow for larger positions to be placed when the traded assets are calculated to be more inefficient and thus the larger divergences come with greater profit potential.

As futures and Forex accounts are handled differently with the FCMs, participants in the Delta Hybrid may be required to open both a futures and a Forex account. The funds within these accounts will be managed by Delta Capital and transferred as needed from futures account to Forex account, and vice versa, if needed to maintain sufficient margin requirements for the program to operate. Management and performance fees will be charged on the collective net sum of both accounts on a monthly basis. The Delta Hybrid Forex accounts may trade the spot currencies from the G12 countries (Australian dollar, Canadian dollar, Euro dollar, Japanese yen, Swiss franc, Great Britain pound, and United States dollar), while Delta Hybrid futures accounts may trade broad based indices, metals, agriculture and currency interest rate futures contracts.
Trading Approach
100.00% Systematic
0.00% Discretionary

Trading Methodology
Markets Traded
 Non Diversified
Interbank Forex
Energies
Agricultures
Meats
Stock Indicies

Sector
Global Markets

Contracts Traded
Futures
Forex
Recent Performance
Currency Denomination - US Dollars
2010 Monthly Return YTD Return Assets Under Mgt
07/31/10 -0.62% -13.92% 85,922
06/30/10 -8.30% -13.38% 86,606
05/31/10 -11.12% -5.54% 94,447
04/30/10 -2.36% 6.27% 106,263
03/31/10 2.30% 8.84% 110,000
02/28/10 3.71% 6.40% 105,000
01/31/10 2.59% 2.59% 102,000
Annual Performance for Last 5 Years
Currency Denomination - US Dollars
Year
Annualized Compounded ROR
2009
0.00%
2008
0.00%
2007
0.00%
2006
0.00%
2005
0.00%
2004
0.00%
2003
0.00%



 
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
Monthly Percentage Returns Chart
VAMI Chart - (Based on a $1,000 Initial Value)
Investment Details
Disclosure Document Date
05/01/10
Starting Date of Program
01/20/10
Accepting New Money?
Yes
Average Annual Rate of Return
-23.86 %
Peak to Valley Drawdown
-20.91 %
Average Margin as % of Equity
45.00%
Round Turns per Million
6,750
Minimum Sized Account
100,000
Currency Denomination
US Dollars
Management Fee
2.00%
Incentive Fee
20.00%
Notional Funding?
Yes
Member of NFA
Yes
Other Memberships
None

 

Risk Disclosure
THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND 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 CAREFULLY CONSIDER WHETHER COMMODITY FUTURES, OPTIONS AND FOREX IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. 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.

THE ABOVE PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE CTAS. MANAGED CAPITAL ADVISORY GROUP IN NOW WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM TO YOU FOR INFORMATIONAL PURPOSES ONLY. THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL. NO INVESTMENT SHOULD BE MADE WITHOUT FULLY REVIEWING THE ASSOCIATED RISK FACTORS, FEES AND CONFLICTS OF INTEREST AS OUTLINED IN EACH CTA'S RISK DISCLOSURE DOCUMENT. THERE MAY BE CTAS WHO HAVE CHOSEN NOT TO PARTICIPATE THAT MAY HAVE BETTER OR WORSE PERFORMANCE THAN THOSE CTAS IN OUR DATABASE.

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS. FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS

Monthly Return Calculations: As of 4/1/2004, CTAs are required to calculate monthly returns according to NFA RULE 2-34 which states (1) Member CTAs must calculate rate of return according to CFTC Regulation 4.35(a)(6) using nominal account size as the denominator. (2) Drawdown information reported under CFTC Regulation 4.35(a)(1)(v) and (vi) must be based on rate of return figures using nominal account size as the denominator. (3) In calculating net performance, Member CTAs may include interest earned on actual funds but may not impute interest on other funds.

Data Supplied by Autumngold.com

 

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