Tracking CTAs since 1994
ZE Capital LLC
Lorenz Fund
Principal(s): James Ziemba
Strategy: Systematic /Quantitative / Diversified
Investment Restrictions: Accredited Investors+
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
Lorenz Fund deploys capital into multiple systematic strategies that trade assets and derivatives within equities, bonds, commodities, and currencies to harvest uncorrelated returns. Position sizes are dynamically adjusted to generate positively skewed performance that can survive both turbulent and calm market environments. Most hedge funds are negatively skewed. Our mission is to double investor capital every 4 years.
N/A
What is the best way to navigate uncertain markets? ZE Capital, LLC, previously known as Gaines Capital, was founded in 2020 to explore this question. They realized there was a massive market need for a liquid uncorrelated investment vehicle purpose-built for long-term survival and compounding. After seeing countless parallels between markets and engineering, they borrowed design and control techniques from their engineering disciplines to build an investment product that has the potential to increase portfolio returns, reduce portfolio max drawdowns, and remain uncorrelated to the other portfolio components. James received a degree in Mechanical Engineering and his MBA from the University of Notre Dame. He worked as an engineer prior to ZE Capital.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.59% | 9.06% | – | – | – | – | – | – | – | – | – | – | 16.25% | 0.00% |
| 2025 | 1.37% | -6.86% | 0.35% | -2.13% | -4.82% | 2.53% | 0.43% | -2.00% | 7.12% | -0.99% | -2.93% | 4.14% | -4.51% | -12.93% |
| 2024 | -9.96% | 21.48% | 9.21% | 9.74% | -5.67% | -4.62% | -0.97% | -2.20% | 1.26% | -7.92% | 2.83% | 1.71% | 11.40% | -18.75% |
| 2023 | 4.37% | 1.26% | -4.67% | 2.62% | -2.76% | 6.24% | 0.27% | -4.94% | 1.44% | -6.15% | -0.08% | 8.14% | 4.73% | -9.57% |
| 2022 | 3.83% | 2.12% | 9.54% | 6.19% | -3.75% | 0.03% | -1.60% | 1.48% | 4.16% | -1.18% | -5.37% | -2.35% | 12.78% | -8.68% |
| 2021 | 2.83% | 12.52% | 2.74% | 3.60% | -2.02% | -1.94% | 1.08% | 2.18% | -0.60% | 5.32% | -6.52% | -3.90% | 14.93% | -10.17% |
| 2020 | – | – | – | – | – | – | – | – | – | -3.39% | 19.52% | 27.07% | 46.73% | -3.39% |
Track Record Compiled By: N/A
Accounting Notes: US GAAP
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.