Tracking CTAs since 1994
PGM Asset Management, LLC
Trident Program
Principal(s): William Sexton and Stephen Grady
Strategy: Systematic / Short-Term / Diversified
Investment Restrictions: 4.7 Exempt - QEPs Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
Trident is a short-term systematic trading model that utilizes a technically based multi factor approach to generating strong risk adjusted returns under diverse market conditions in global futures markets. The system allocates its risk budget among directional and counter directional trading components. Trading leverage, as well as entry and exit signals, are dynamically determined and adjusted automatically by Trident based on current market volatility and momentum in order to more closely respond to the existing conditions in each market traded. Risk is strictly monitored and loss levels per trade are determined pre-entry for automatic exit while profits are allowed to run as Trident dynamically adjusts to protect trade profits as they accrue. The system trades highly liquid and diversified futures contracts in order to generate alpha across varying market segments and conditions. The system trades futures in diverse market segments including: Currencies, Fixed Income, Energy, Precious and Base Metals, Agricultural and Softs Markets.
N/A
PGM Asset Management LLC ("PGMAM") was formed as a Limited Liability Company in the state of New York on May 6, 2016. PGMAM registered with the CFTC as a Commodity Trading Advisor on October 31, 2017 and became a member of the National Futures Association ("NFA") on that date. PGMAM manages the Trident Trading Program ("Trident").
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.59% | 3.59% | 0.43% | 8.20% | -10.35% | -6.54% | – | – | – | – | – | – | -8.13% | -16.21% |
| 2024 | -3.61% | -4.76% | -0.31% | 0.09% | 2.22% | -4.84% | 9.14% | 6.63% | -3.30% | 6.66% | -0.07% | 0.27% | 7.18% | -10.89% |
| 2023 | 6.33% | -5.34% | -2.12% | 5.22% | -0.19% | -6.94% | -6.22% | -2.70% | -7.20% | 1.97% | 7.78% | 5.40% | -5.55% | -23.32% |
| 2022 | 4.85% | -2.70% | 7.08% | 9.17% | -1.07% | 8.25% | -1.89% | -5.68% | -5.72% | -5.79% | 8.62% | 1.60% | 15.84% | -17.81% |
| 2021 | 1.83% | 4.98% | -5.83% | 6.74% | -5.65% | 3.69% | 12.04% | 5.05% | 10.28% | 5.25% | 6.98% | 0.01% | 53.63% | -5.83% |
| 2020 | 12.49% | 2.37% | 12.72% | -1.06% | -7.11% | -7.84% | 3.90% | 1.81% | 9.33% | -1.04% | -4.01% | -3.40% | 16.68% | -15.30% |
| 2019 | – | – | – | – | – | – | – | – | – | – | -1.60% | 2.43% | 0.80% | -1.60% |
Track Record Compiled By: NAV Consulting
Accounting Notes: Actual performance reflects General Partners' separately managed account trading conducted after January 1, 2019. Live trading during November-December 2018 (when trading first commenced) is not reflected, as lower leverage, debugging of trading strategy, and corrections with signal timing make such period unrepresentative of the Strategy. Returns presented from January 1, 2019, to May 31, 2019, represent the General Partners' separately managed account with the Global Macro strategy, management fees of 1.5% and incentive fees of 15% (Founders A Share Class) and, the performance does not include underlying fund expenses. From June 1, 2019, to the present, returns represent the Trident Fund LP Global Macro (1.5% management and 20% incentive) and Global Macro Enhanced 2.0% management and 20% incentive) share class returns and incorporate fund expenses such as administrator, audit, tax, and other operating costs. From March of 2023, the Global Macro Enhanced Four (4) was launched (4.5% management and 20% incentive), incorporating fund expenses such as administrator, audit, tax, and other operating costs.
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.