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QTS Capital Management, LLC - QTS Partners, LP

Principal(s): Dr. Ernest P. Chan & Dr. Roger Hunter
Strategy: Multi-Strategy Futures Fund
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Investment Restrictions: 4.7 Exempt - QEP Investors Only++
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101 Stocks Crescent
Penticton, V2A 8J2 Canada
716-249-6059

Main E-Mail: [email protected]
Administrative E-Mail: [email protected]

Statistics & Program Information

Feb Return 2.15%	Worst Drawdown ⁽²⁾ -35.26%	Minimum Investment $100,000
YTD Return 2.67%	Losing Streak ⁽³⁾ 0.00 %	AUM⁽⁵⁾ $1,000
Annual CROR:¹ 5.68%	Sharpe Ratio ⁽⁴⁾ 0.49	Calmar Ratio ⁽⁶⁾ N/A

Trading Methodology 100% Systematic	Style Sub-Categories Quantitative	Trading Style
Market Sector 100% Stock Indices	Holding Period 100% Intraday	Geographic Sector US Contracts: Futures

Start Date Jul-2012	Currency US Dollars	Margin ⁽⁷⁾ 19%
New Money Yes	AUM ⁽⁵⁾ $1,000	Management Fee 0%
Min Investment $500,000	Annual CROR ¹ 5.68%	Incentive Fee 15%
Fund Minimum $100,000	Losing Streak ⁽³⁾ 0.00 %	Other Fees None
Notional Funds No	Worst Drawdown ⁽²⁾ -35.26 %	Avg Comm ⁽⁸⁾ $0.00
NFA Member Yes	Sharpe Ratio ⁽⁴⁾ 0.49	Max Comm ⁽⁹⁾
NFA Number 0431162	Calmar Ratio ⁽⁶⁾ N/A	Round Turns ⁽¹⁰⁾ 2,195

Starting Date: Jul-2012	Currency: US Dollars
Open to New Investors: Yes	Current Assets: $1,000
Open to US Investors: Yes	Annual CROR: 5.68%
Minimum Fund Investment: $100,000	Worst Monthly Drawdown: -35.26
Minimum Managed Account: $500,000	Current Losing Streak: 0.00 %
Domocile: Delaware	Calmar: N/A
Subscriptions: N/A	Sharpe Ratio: 0.49
Redemptions: N/A	US Attorney: Not Listed
Lock Up: N/A	Offshore Attorney: Not Listed
Hurdle Rate: N/A	Administrator: Not Listed
Administraton Fee: 0.00%	Prime Broker: Not Listed
Management Fee: 0.00%	Auditor: Not Listed
Incentive Fee: 0.00%	NFA Member: Yes
Selling Fee: 0.00%	FINRA Member: No
Other Fees: None	Other Memberships: None

Type of Fund: Futures Fund Multi Advisor Fund	Domicile: Delaware	Strategy: Multi-Strategy

Track Record Prepared By: N/A

Correlations:

Trading Description, Risk Strategy & Background

Trading Description

QTS Partners, L.P. is a multi-strategy commodity pool managed by QTS Capital Management, LLC. ("Adviser"). The Adviser is a Commodity Pool Operator registered with the National Futures Association. The pool trades both strategies propriety to the Adviser, as well as strategies sub-advised by 3rd parties. It may also invest in outside pools and hedge funds as well.

Fund Objectives:

Highly diversified strategies from futures to equities
Convex to tail movements
Low correlation to equity market index

Risk Strategy

Background

Dr. Ernest P. Chan is the Managing Member of QTS Capital Management, LLC. His career since 1994 has been focusing on the development of statistical models and advanced computer algorithms to find patterns and trends in large quantities of data.

Ernie spearheaded IBM's research effort to develop a system for searching large text databases, catapulting IBM's reputation to a top player in the field. At the Artificial Intelligence and Data Mining group in Morgan Stanley's headquarter in New York, Ernie pioneered the application of some of these sophisticated statistical algorithms to the complex task of extracting customer relationships in the Morgan Stanley customer accounts database. He was a proprietary trader and quantitative researcher at Credit Suisse in New York in 1998, a senior quantitative analyst at Mapleridge Capital Management Corp. in 2002, and a senior quantitative analyst and trader at Maple Financial in 2003. He co-founded EXP Capital Management, LLC, a Chicago-based fund management company in 2008. He founded QTS Capital Management, LLC. in 2011.

Dr. Roger Hunter is the Chief Technology Officer of QTS. He is responsible for designing our high-performance automated execution system that achieved negative slippage. Roger was the founder and former manager of a highly profitable equities fund, and was the founder and former CEO of a software firm employing more than 40 professionals that was sold to Thomson Reuters. His firm's software is currently in use at the U.S. Federal Reserve. Roger was formerly professor of mathematics at New Mexico State University, and he obtained his Ph.D. in Mathematics from Australian National University. Roger was profiled in a Bloomberg Businessweek article.

Performance

Please See Accounting Notes Regarding Changes in Leverage.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2024	0.51%	2.15%											2.67%	0%
2023	3.09%	-0.33%	0.27%	0.63%	-2.02%	1.99%	2.06%	0.86%	1.81%	-2.13%	2.26%	1.33%	10.11%	-2.13%
2022	-1.63%	-2.10%	4.53%	3.24%	-0.35%	3.41%	0.94%	-0.89%	0.55%	3.07%	2.14%	-0.76%	12.56%	-3.7%
2021	0.09%	2.90%	0.17%	0.32%	-0.03%	0.59%	0.53%	1.10%	0.33%	2.81%	1.44%	1.55%	12.39%	-0.03%
2020	1.97%	4.51%	17.34%	2.65%	1.22%	1.88%	0.06%	0.67%	-0.33%	-1.69%	-0.23%	0.33%	30.8%	-2.24%
2019	1.14%	1.01%	0.18%	0.34%	-1.11%	-1.10%	1.45%	3.37%	-0.62%	2.10%	1.21%	0.87%	9.12%	-2.2%
2018	0.78%	3.13%	2.57%	-1.98%	-0.45%	-0.25%	0.20%	-0.12%	-0.06%	1.68%	1.36%	-0.59%	6.34%	-2.67%
2017	-0.11%	0.33%	-0.23%	0.14%	-0.77%	-0.35%	0.21%	-0.52%	-0.34%	0.05%	-0.56%	-0.64%	-2.77%	-2.98%
2016	-0.20%	-1.02%	0.23%	-0.49%	-0.19%	-0.20%	0.36%	0.06%	0.01%	-0.50%	-0.31%	0.09%	-2.12%	-2.21%
2015	0.47%	2.28%	1.30%	3.03%	0.31%	2.26%	-0.85%	1.25%	-0.58%	1.56%	0.09%	0.97%	12.69%	-0.85%
2014	0.35%	-0.83%	-0.28%	0.29%	0.74%	-0.17%	0.64%	0.00%	1.07%	1.95%	1.72%	3.09%	8.84%	-1.11%
2013	0.16%	2.14%	0.22%	1.17%	-2.04%	1.53%	1.70%	-2.10%	-1.52%	1.89%	0.90%	1.21%	5.27%	-3.59%
2012	5.38%	-3.33%	-4.44%	-3.90%	3.35%	1.22%	1.36%	1.06%	1.40%	-0.48%	3.91%	1.55%	6.78%	-11.22%
2011							2.12%	-13.50%	-22.10%	4.70%	0.86%	-2.76%	-29.34%	-32.62%

Annual Performance

Years	2011	2012	2013	2014	2015	2016
ROR	-29.34%	6.78%	5.27%	8.84%	12.69%	-2.12%
Max DD	-32.62%	-11.22%	-3.59%	-1.11%	-0.85%	-2.21%

Years	2017	2018	2019	2020	2021	2022
ROR	-2.77%	6.34%	9.12%	30.80%	12.39%	12.56%
Max DD	-2.98%	-2.67%	-2.20%	-2.24%	-0.03%	-3.70%

Years	2023	2024 YTD
ROR	10.11%	2.67%
Max DD	-2.13%	0.00%

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

VAMI, Assets under Management & Worst Drawdown

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Monthly Returns

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Accounting Notes:

The leverage of the fund has materially changed. In 2011 the Fund was trading at 10X leverage while the the 2023 leverage is 3X. Please contact the Fund Manager directly for more details. The performance data for the period from July 2011 onwards represents returns of the Pool net of all fees and expenses. Performance data for the period January 2012 onwards are audited. All returns are filed quarterly with the National Futures Association. All investments involve risk, including the loss of principal. There can be no assurance that the Pool will achieve its objectives or that an investor will receive a return of all or part of its investment. We currently can only accept clients who are Qualified Eligible Persons defined in CFTC Rule 4.7.

++Qualified Eligible Investors Only:

A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin).

Exemptions:

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH THE ACCOUNTS OF QUALIFIED ELIBIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUANCY OR ACCURACY OF THE COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, FOREIGN EXCHANGE ('FOREX') AND/OR CRYPTOCURRENCIES IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

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.

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