AP Futures LLC
Crisis Alpha Overlay Program
Principal:
Andrew P Haleen
Crisis Alpha / Long-Short Volatility | Trend Following, Crisis Alpha
Interested in this program? Request Additional Information →
Month Performance
+1.14%
Jul 2026
YTD Return
+5.30%
Through Jul 2026
AUM
$1,000
Assets Under Management
Overview
The Crisis Alpha Overlay Program trades VIX futures as a dedicated source of crisis alpha — returns that arrive when the rest of a portfolio is under pressure. Most protection strategies share a common failing: they cost money continuously and pay off rarely, so the cumulative bleed between crisis events can exceed what the protection returns when it finally works. CAO is built to solve that.
Program Details
| Inception Date | Oct 2025 |
| Trading Style | Trend Following, Crisis Alpha |
| Holding Period | Medium Term, Short Term |
| Markets Traded | VIX |
| Margin | 5-15% |
| Minimum Investment | $20,000 |
| Management Fee | Up to 1.00% annually |
| Performance Fee | Up to 20% |
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 | +3.89% | N/A | N/A | N/A |
Maximum Drawdown Since Inception
-6.78%
Past performance is not indicative of future results.
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.