Typhon Capital Management
Mercurio Quantitative
Principal:
James Koutoulas & Typhon Holdings
Algorithmic / Diversified | Trend Following
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Month Performance
+0.75%
Jun 2026
YTD Return
+1.83%
Through Jun 2026
AUM
$2,650,000
Assets Under Management
Overview
The Mercurio Quantitative Program is a fully systematic medium-frequency algorithmic program that trades approximately 60 futures markets across asset classes. Mercurio is fully-systematic, from signal generation to execution, and consists of a portfolio of signals, including mean-reversion, trend-following, and breakouts. Mercurio focuses on market micro-structure such as recurring liquidity events. Mercurio utilizes holding periods ranging from 1 minute to 4 days. Mercurio is managed by an experienced proprietary trader and his team since 2014, with Mercurio run on a standalone, proprietary basis since January 2015.
Program Details
| Inception Date | Jan 2015 |
| Trading Style | Trend Following |
| Holding Period | Medium Term, Short Term |
| Markets Traded | Diversified |
| Margin | 5.61%-24.89% |
| Minimum Investment | $5,000,000 |
| Management Fee | 0.00% |
| Performance Fee | 30.00% |
This is a snapshot only. Investors should read Disclosure/Offering documents to determine suitability of investment.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
About the Autumn Gold CTA Index:
The Autumn Gold CTA Index is a non-investable index comprised of performance from CTA programs included in the Autumn Gold database and does not represent the complete universe of CTAs.
Hypothetical growth of $1,000 based on reported monthly returns.
PERFORMANCE SUMMARY
Annual Returns (Net)
| YEAR | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| RETURN | +6.11% | +9.02% | +2.42% | -4.58% |
Maximum Drawdown Since Inception
-17.70%
Past performance is not indicative of future results.
Performance / Program Note
Please see Accounting Notes
Investor Eligibility
What is a QEP?
A Qualified Eligible Person (QEP) is an investor or entity that meets the eligibility requirements described in CFTC Regulation 4.7. The applicable requirements vary by investor type and may include financial, portfolio, professional, or institutional qualifications.
This information is provided for general reference only. QEP status is
self-identified here and should be determined by reviewing the applicable
regulation and, when appropriate, with your professional advisers.
FUTURES, OPTIONS, CRYPTO, AND FOREX TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.