Coloma Capital Futures LLC
Hedged Volatility
Principal(s): David Burkart
Strategy: Volatility Trading in VIX Futures
Investment Restrictions: 4.7 Exempt - QEPs Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
The Coloma Hedged Volatility Strategy looks to take advantage of mispricing in VIX futures while reducing risk with a statistically-driven overlay strategy. Conceptually, risk-sensitive market participants have alternating emotions of enthusiasm and fear which impact stock market volitility and the related futures. This influence on market structure frequently creates mispricing opportunities in diverse market environments for the strategy. The approach takes both long and short views on volatility. The day-to-day signal generation is systematic with human oversight and trade execution.
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David Burkart, CFA, founded CCF in June 2009 and brought over eight years of portfolio management, research and client relationship experience from Barclays Global Investors where he created and managed institutional and exchange-traded commodities products and separate accounts. In addition to building an $800+ million institutional commodities business from the ground up, he was instrumental in leading BGI's $9 billion commodities iShares efforts. Prior to his commodities responsibilities at BGI, he served in the Allocations Group managing fund-of-fund products ranging from balanced funds to target-risk strategies that utilized active derivative positioning. He graduated from the Wharton School of Business with his MBA in finance, holds an MA from the University of Virginia in foreign affairs and received his BA in economics from the University of California at Santa Barbara. Mr. Burkart is a Chartered Financial Analyst (CFA) charterholder, a CFTC-registered Principal and Associated Person and holds the Series 3 FINRA license. On behalf of CFA Institute, Mr. Burkart lectured regarding commodities investing in the United States, Canada, Mexico, France and the Middle East. More recently, Mr. Burkart has presented for CE credit on commodities investing and hedge fund management for Chartered Financial Analyst Institute's San Francisco Chapter as well as to student groups in the San Francisco Bay Area.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | – | – | – | – | – | – | – | 0.00% | 0.00% |
| 2025 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2024 | -0.90% | -0.70% | 0.00% | -0.90% | -0.60% | 0.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2.68% | -3.06% |
| 2023 | 3.20% | 2.20% | -8.80% | 0.90% | -1.00% | 1.40% | -2.10% | 1.10% | 0.10% | -3.70% | -1.00% | -1.50% | -9.35% | -14.05% |
| 2022 | -0.70% | -2.40% | -2.20% | 4.40% | 2.80% | -0.20% | 0.30% | 3.90% | 3.20% | -0.40% | 0.50% | 1.60% | 11.04% | -5.22% |
| 2021 | 1.60% | 2.00% | 2.20% | -0.90% | 0.30% | 0.80% | -0.50% | -1.80% | -1.50% | 0.10% | 2.30% | 0.20% | 4.79% | -3.76% |
| 2020 | -0.10% | 1.40% | -4.80% | -5.00% | -4.10% | -5.90% | -0.50% | -1.90% | 3.10% | -1.70% | 1.90% | -2.60% | -18.83% | -20.34% |
| 2019 | -1.56% | -0.75% | -0.65% | 0.23% | 5.33% | -2.55% | -0.30% | -4.15% | 0.14% | 3.04% | -0.10% | 3.30% | 1.62% | -6.87% |
| 2018 | 5.30% | -1.10% | -2.00% | -0.30% | 0.30% | 0.00% | -1.80% | -3.30% | 1.50% | 3.70% | -1.10% | 1.70% | 2.60% | -7.96% |
| 2017 | 3.40% | 0.20% | 2.30% | -1.60% | -2.50% | -2.40% | 0.40% | 0.20% | 1.00% | 1.60% | -0.80% | 0.00% | 1.63% | -6.36% |
| 2016 | -1.65% | 0.64% | 1.34% | -0.95% | 3.14% | -4.65% | 3.14% | 2.70% | 4.30% | 0.30% | -0.20% | -3.30% | 4.49% | -4.65% |
| 2015 | -0.54% | 4.85% | 1.50% | 3.85% | 2.00% | 0.85% | 1.25% | 8.44% | -6.24% | -3.74% | 2.80% | -0.01% | 15.17% | -9.75% |
| 2014 | -1.40% | -1.90% | 0.00% | 0.70% | 1.90% | 2.80% | -1.00% | -1.20% | 0.20% | 4.20% | -1.90% | -0.50% | 1.71% | -3.27% |
| 2013 | – | – | – | – | 2.70% | 3.90% | 2.50% | -1.00% | 0.40% | -2.40% | 1.00% | -1.30% | 5.77% | -3.29% |
Track Record Compiled By: Coloma Capital
Accounting Notes: Proprietary Account Composite return data is from May 10, 2013 to July 17, 2013 close and Client Composite inception is from July 18, 2013 onward. 2013 Year-to-date returns combine Proprietary Account and Client Composite monthly returns. Proprietary Account Composite returns were adjusted on a pro forma basis to include a 2% annual (0.167% monthly) management fee and 20% incentive fee paid monthly. All returns include estimated or realized commissions and fees (realized and/or accrued).
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.