Fund Profiles

Chessica uses index options premium selling strategy based on a proprietary global market momentum analysis model. Using this strategy, the portfolio managers believe that they can exploit inefficiencies in underlying indices and their options. The Fund's portfolio is concentrated in short-medium term call and put options in one or more publicly traded index securities, and also includes an S&P 500 index component, which will usually vary between 0% and 50% of the portfolio depending on market conditions. The correlation with the S&P 500 improves the strategy's performance when the market is going one-directionally upwards and different risk factors don't allow the portfolio managers to maximize their position naturally. The strategy focuses on maintaining a relatively small overall portfolio delta, frequently near neutral, and strives to find the best ratio between historical index volatility and actual implied volatility.

• Chessica focuses on building a portfolio that can provide consistent, modest returns with mitigated risk.
• The fund creates a flexible position where market movements do not significantly impact portfolio returns. Our primary investment tools are Options (90%) and a small percentage (10%) of futures, commodities and currency trading.
• Our return goals are to meet a 10% - 20% annualized return.
• Position adjustments are made based on the accumulated Delta of the portfolio.
• Other factors that can potentially impact our investment decisions: seasonal statistics; USD; oil; world markets; gold; political situations.

Victor Plotkin, Portfolio Manager
Education: Mathematics and Theory of Probability (St. Petersburg State Polytechnic University, Technion - Israel Institute of Technology). In 1996 Mr. Plotkin was one of the first money managers in Israel to both buy and sell options on the Israeli stock exchange. Mr. Plotkin is known among his client-investors for a unique risk and money management approach. His philosophy is "I do not deserve a commission, if my clients are not earning money". Mr. Plotkin did not charge management fees nor any other fees related to client account management and will only accept performance based fees. This philosophy is a founding principle of Firm. As a Chess FIDE Master, Mr. Plotkin attributes much of his trading skill to his statistical and mathematical credentials. With more than twenty years of client-investor account management, Mr. Plotkin has demonstrated a successful investment practice in the global investor market place.

Alex Rabinovich, Managing Director Mr. Rabinovich holds a Software and Management Engineering Degree from Tel-Aviv. Mr. Rabinovich serves as Managing Director with responsibilities that include business development and marketing, investor relations, and operations. Mr. Rabinovich began investing and managing investment portfolios in 2000. Prior to his career in asset management, Mr. Rabinovich was a former high school world chess champion and is an International Chess Master. As a professional chess player, he competed against the worlds best chess players including Garry Kasparov, Bobby Fischer, David Bronstein, Victor Korchnoi and others. Mr. Rabinovich has trained several national chess teams and founded the world's first international online chess university. Mr. Rabinovich's ability to analyze and formulate investment strategies along an optimized path is a skill that Mr. Rabinovich attributes to his chess skills.