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Ravinia Investment Management, LLC

Gemini Macro (P)

Principal(s): Kyle Schultz

Strategy: Global Macro / Diversified

Investment Restrictions: 4.7 Exempt - QEPs Only

Statistical Reports are Subscription Based




  Statistics & Program Information

Jul 2026 Return   -3.93% Worst Drawdown (2)    -7.77% Minimum Investment   $500,000
YTD Return: 7.6% Losing Streak (3):  -3.93% AUM (5):  $11,000,000
Annual ROR(1)  2.11% Sharpe Ratio 4% RF ROR(4):  -0.17 Calmar Ratio (6):  N/A

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

This CTA reports performance based on a fixed trading level rather than actual equity; therefore, the returns shown are not compounded
Trading Methodology
100% Systematic
 Style Sub-Categories
Mean Reversion
 Trading Style
Market Sector
25% Stock Indices
20% Currencies
20% Metals
10% Agriculturals
10% Meats
10% Softs
5% VIX
 Holding Period
70% Short Term
30% Intraday
 Geographic Sector
US
Contracts:
Start Date   Dec-2023 Currency   US Dollar Management Fee    2.00%
Accepting New Accounts   Yes Min Investment    $500,000 Incentive Fee    0.00
NFA Member    Yes Fund Minimum    $0 Other Fees   None
NFA Number    0500489 Margin (7)   3% Avg Comm (8)   
Notional Funds    Yes Round Turns Per Million (10)    3,000 Max Comm (9)   
Starting Date:  Dec-2023 Currency:  US Dollar
Open to New Investors:  Yes Current Assets:  $11,000,000
Open to US Investors:  Yes Annualized CROR:  2.11%
Minimum Fund Investment:  $0
Minimum Managed Account:  $500,000 Current Losing Streak:  -3.93 %
Domocile:   Calmar:  N/A
Subscriptions:  N/A Sharpe Ratio: 4% RF ROR  -0.17
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:  2.00% 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:
 Domicile:
 Strategy:
Track Record Prepared By: Dan Scheffel, CPA
Correlations: AG CTA Index: 0.081             

Growth of $1,000 VAMI and Monthly Return

  Trading Description, Risk Strategy & Background


The portfolio consists of long & short systematic trades in equity index, commodity, and currency futures to capture short-term trends. Trades typically have holding periods ranging from 1 minute to 2 weeks. All strategies are traded algorithmically and developed via advanced statistical methods. The objective of the Program is to generate consistent capital appreciation by employing a diversified portfolio of short-term, systematic strategies, with an emphasis on positive convexity and negative equity market correlation during periods of market crisis.

N/A

Kyle Schultz is the Managing Director at Ravinia Investment Management. He has over 10 years of investment management experience. Prior to starting Ravinia, Mr. Schultz led hedge fund research at Jackson National Asset Management, an insurance company with over $150 billion in assets. He researched and allocated capital to hedge funds across investment strategies, in addition to utilizing quantitative analysis to develop asset allocation funds on Jackson's platform and implement their equity attribution system. Mr. Schultz started his career as a research analyst at Ellwood Associates, an investment consulting firm in Chicago.

Mr. Schultz received his MBA from UCLA Anderson School of Management where he was awarded the Fink Center Investment Management Fellowship and Edward L. Shapiro Fellowship. Mr. Schultz earned his Bachelor of Business Administration from University of Iowa. He has passed all three Chartered Financial Analyst (CFA) exams.

Performance

Monthly Performance Since Dec 2023
Performance Since December 2023
JanFebMarAprMayJunJulAugSepOctNovDecROR* Max DD
20267.01%-0.88%0.48%0.70%-0.46%4.68%-3.93%–––––7.60%-3.93%
20250.49%-3.65%0.10%4.27%-0.82%0.67%0.61%-3.70%2.38%-1.65%4.00%-3.45%-0.75%-3.70%
20240.91%1.02%0.55%1.65%-3.19%-2.26%-1.62%-0.59%0.09%2.55%-0.02%0.31%-0.60%-7.46%
2023–––––––––––0.31%0.31%0.00%
* ROR is non-compounded (sum of monthly returns).

Track Record Compiled By: Dan Scheffel, CPA



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


Risk Disclosure

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.

HE 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. 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.
 

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS