Tracking CTAs since 1994
Auspice Capital Advisors Ltd
Short Term (AST)
Principal(s): Tim Pickering & Ken Corner
Strategy: Managed Futures Index
Investment Restrictions: 4.7 Exempt - Qualified Eligible Persons Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
AST exploits both mean reversion and short-term momentum in a tactical (non-trend following) strategy. Markets tend to move in waves. Strong moves in one direction are often followed by retracements in the opposite direction. AST identifies turning points and rides the reversion momentum for a short-term gain. Program highlights the unique skills and experience of principals, former institutional option traders at a major energy merchant and bank.
Program Attributes include: *T rade duration < 1day (no overnight exposure) * No correlation to CTAs, equities, other Short Term managers and benchmarks * High positive skew illustrating controlled downside and upside volatility with modest drawdown * Focused but not exclusively in liquid energy contracts * Target volatility of 12-15% can be tailored * Limited capacity offered
N/A
The team at Auspice is led by two veteran commodity professionals, Tim Pickering and Ken Corner. The team has 15 years institutional trading and risk management experience. Their background consists of trading OTC and exchange traded derivatives in energy, commodities, currency, and interest rates. Tim Pickering, President of Auspice, held previous senior trading roles at TD Securities and Shell Trading (V.P. Options Trading North America). Ken Corner also held senior trading roles at Shell Trading and TD Securities (V.P. Options Trading).
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.54% | 0.26% | -0.71% | -2.69% | -2.50% | 0.59% | 0.40% | 0.75% | -1.23% | – | – | – | -5.60% | -6.07% |
| 2024 | -0.66% | 0.34% | -1.38% | -0.99% | -7.27% | -1.92% | 3.04% | -1.47% | 0.96% | 0.12% | 0.03% | 0.01% | -9.13% | -11.48% |
| 2023 | -0.27% | -0.10% | 1.34% | 1.68% | 0.88% | -1.49% | -0.04% | 6.14% | -2.53% | -0.09% | -1.49% | -2.60% | 1.14% | -6.56% |
| 2022 | -0.55% | 3.73% | 7.94% | 2.57% | 3.39% | -0.74% | -2.26% | -2.14% | 0.02% | 0.74% | -5.76% | -2.66% | 3.61% | -12.25% |
| 2021 | -4.19% | 1.32% | 2.58% | -1.54% | -4.57% | -9.72% | -1.68% | 0.28% | -6.17% | -3.38% | -1.26% | -2.40% | -27.23% | -27.23% |
| 2020 | 5.72% | -4.03% | -1.27% | -2.93% | 2.53% | 3.86% | 2.92% | -3.52% | 5.22% | -2.22% | -0.65% | -1.36% | 3.67% | -8.03% |
| 2019 | -2.19% | -3.65% | -2.82% | -1.45% | -5.45% | 1.56% | 3.24% | 9.46% | -5.72% | -0.76% | 1.08% | -2.78% | -9.94% | -14.66% |
| 2018 | -0.77% | -1.21% | 1.15% | -2.06% | 5.66% | 4.48% | 7.25% | 3.22% | -1.07% | -2.16% | 5.85% | -0.27% | 21.25% | -3.21% |
| 2017 | -9.31% | -5.65% | -3.27% | 0.83% | -0.36% | 3.35% | -1.42% | 3.25% | 1.08% | 0.80% | -0.11% | 0.94% | -10.12% | -17.23% |
| 2016 | -4.01% | 6.99% | -4.87% | 18.90% | -16.41% | 0.54% | 28.09% | 2.61% | 3.26% | -0.22% | -0.97% | 0.80% | 31.97% | -16.41% |
| 2015 | -1.36% | 4.49% | 1.26% | 2.92% | -0.37% | 0.95% | -3.09% | 12.85% | -5.66% | 9.72% | -2.02% | 2.25% | 22.52% | -5.66% |
| 2014 | – | – | – | – | -0.15% | -0.19% | -0.53% | 0.60% | 6.88% | -0.90% | 0.37% | -0.13% | 5.88% | -0.90% |
Accounting Notes: Performance is net of fees. AST began trading as a stand-alone program in Sep 2016. Performance prior to this (and ongoing), the program trades as part of the multi-strategy Auspice Diversified Program. The stand-alone program is shown using a proportional risk level represented by a single managed account.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.>
Risk Disclosure
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.