Tracking CTAs since 1994
Astra Ventures Investment Partners LLC
Discretionary Macro
Principal(s): Stephen Buehler & Ed Lalanne
Strategy: Discretionary Macro
Investment Restrictions: 4.7 Exempt - QEPs Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
The Astra Ventures Discretionary Macro program is a global macro strategy that seeks to profit by identifying valuation gaps and potential dislocations across asset classes. Positions are typically diversified across macro futures markets (stock indices, bonds, and currencies), and can also include trading in FX spot and forwards, securities, commodities, and options. The program is designed for investors seeking returns that are uncorrelated with equity and credit cycles. We aim to generate returns in both up and down markets independent of the performance of any one asset class.
Ed Lalanne - Chief Investment Officer
Past Experience: Tse Capital Management (NYC) - Investment Analyst for a $1 billion+ global macro hedge fund
Education: MBA - Kellogg School of Management at Northwestern; BA - Dartmouth College (1999)
Stephen Buehler - Chief Operating/Compliance Officer
Past Experience: Blackstone (NYC) - Managing Director & Chief Operating Officer of a $9.5 billion business within the hedge fund division
Education: MBA - Kellogg School of Management at Northwestern; BA/BBA - Mississippi State University (2000)
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.79% | 4.96% | – | – | – | – | – | – | – | – | – | – | 4.13% | -0.79% |
| 2025 | 0.30% | 0.89% | 0.84% | 2.62% | -2.86% | 0.17% | -3.86% | 0.72% | 0.64% | 2.07% | 0.19% | 0.08% | 1.63% | -6.45% |
| 2024 | -2.97% | -1.58% | 1.46% | -1.09% | 0.66% | 0.29% | -0.99% | 0.60% | -0.28% | -0.79% | -1.44% | 1.77% | -4.41% | -6.07% |
| 2023 | -0.46% | 2.30% | 4.17% | -2.27% | -2.48% | 1.41% | 2.58% | -0.18% | 1.12% | -0.43% | 0.20% | 1.81% | 7.83% | -4.69% |
| 2022 | 4.99% | 0.33% | 10.99% | 8.82% | -5.20% | 4.24% | -5.29% | 11.87% | 12.15% | 0.09% | -4.25% | 0.77% | 44.27% | -6.41% |
| 2021 | -0.88% | 3.04% | 2.49% | 1.95% | -3.31% | 3.02% | 0.87% | 3.90% | -3.89% | -3.61% | -1.37% | 2.81% | 4.65% | -8.63% |
Track Record Compiled By: MJT TECHNOLOGIES LLC
Accounting Notes: Performance is net of Management Fee, Commissions and Transaction 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.