Dunn Capital Management
World Monetary and Agriculture (WMA)
Principal(s): Martin Bergin
Strategy: LT Trend Following / Revsersal
Investment Restrictions: 4.7 Exempt - Qualified Eligible Persons Only
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
DUNN's World Monetary and Agriculture (WMA) Program is 100% systematic long-term trend-following program which began trading in November 1984. The World Monetary and Agriculture Program utilizes DUNN's original trend following algorithm developed in 1974, and encompasses a portfolio of financials, energies, metals and agricultural markets.
N/A
DUNN Capital was founded by William A. Dunn, PhD in 1974. Bill was a pioneer in applying quantitative techniques to financial markets and developing rules-based portfolio management. He was in uncharted territory at the time, breaking new ground in choosing to be strictly data-driven in his decision making and eliminating all subjectivity and emotion.
DUNN Capital has been led since 2007 by Martin Bergin, Bill's long-time protege and the President and Owner of the firm. Since taking the reins, Marty has reinvigorated the firm's focus on research and technology and has cultivated a culture of continual improvement. During this new era, DUNN has assembled a talented R&D team of 5 professional researchers and has built a new simulation technology platform from scratch. These investments have been rewarded, with the team implementing two material sets of enhancements (and numerous smaller ones) into the firm's flagship trend following strategy, addressing all three elements of trading: entry, risk control, and exit. The changes have been highly effective in improving the strategy's robustness and risk-adjusted performance.
Today, DUNN manages over $1.4B in client assets worldwide. DUNN's goal is to offer the best in class long term systematic program that performs in the widest range of market conditions possible while still maintaining a trend-following return profile. The firm remains committed to its core principals of keeping its incentives aligned with those of its clients, staying focused on systematic scientific processes and going where the data leads.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.32% | 6.46% | -6.23% | 6.86% | 0.42% | -4.27% | -0.94% | – | – | – | – | – | 9.02% | -6.23% |
| 2025 | 6.74% | -5.25% | -6.89% | -3.20% | -3.83% | -2.57% | 3.11% | 1.46% | 11.15% | 0.38% | 2.61% | 5.25% | 7.68% | -19.98% |
| 2024 | 9.27% | 19.58% | 2.46% | -1.73% | -7.47% | -4.79% | -2.19% | -3.54% | 1.03% | -8.92% | 6.20% | 0.90% | 7.81% | -24.85% |
| 2023 | -8.94% | 11.41% | -14.84% | 8.24% | 3.95% | 7.36% | -1.11% | -2.60% | 2.51% | -6.43% | -11.79% | -3.42% | -17.87% | -21.30% |
| 2022 | 9.14% | 8.45% | 13.52% | 8.41% | -1.24% | 1.99% | -6.10% | 13.15% | 7.07% | 0.56% | -8.25% | 4.05% | 60.24% | -8.25% |
| 2021 | -1.66% | 3.38% | 1.64% | 7.66% | 2.54% | -4.50% | -2.57% | -0.71% | 1.13% | 8.78% | -15.30% | 6.02% | 4.12% | -15.30% |
| 2020 | 0.17% | -5.77% | 7.79% | 0.43% | -2.87% | -3.47% | -1.20% | 1.67% | -5.22% | -0.22% | -0.43% | 8.01% | -2.10% | -11.31% |
| 2019 | -3.44% | 1.59% | 10.88% | 1.57% | 0.99% | 4.28% | 4.89% | 12.10% | -11.16% | -6.04% | 2.86% | -0.47% | 16.91% | -16.53% |
| 2018 | 10.72% | -19.66% | -0.38% | 5.80% | -6.78% | 1.38% | -1.54% | 3.71% | 2.63% | -11.96% | -5.85% | 3.96% | -19.97% | -30.48% |
| 2017 | -0.51% | 5.87% | -0.94% | -0.29% | -0.74% | -3.14% | -2.54% | -0.48% | 0.23% | 14.11% | 3.38% | 6.14% | 21.74% | -7.91% |
| 2016 | 4.16% | 2.52% | -4.04% | -3.38% | 0.16% | 12.42% | 0.38% | -3.54% | 1.46% | -12.18% | -3.72% | 2.17% | -5.39% | -17.25% |
| 2015 | 8.52% | -3.87% | 9.30% | -10.78% | 4.65% | -10.72% | 16.60% | -2.41% | 4.97% | -3.85% | 6.10% | -4.24% | 10.92% | -16.64% |
| 2014 | -4.35% | -1.76% | -1.91% | 2.23% | -2.33% | 4.04% | -1.12% | 9.83% | 7.04% | 0.22% | 13.43% | 7.22% | 35.65% | -7.97% |
| 2013 | -0.23% | 16.79% | 3.22% | 10.59% | -6.67% | -1.66% | -0.45% | -4.81% | -4.56% | 5.81% | 10.00% | 4.40% | 34.16% | -16.99% |
| 2012 | -3.10% | -4.96% | -2.96% | 2.77% | 7.69% | -13.23% | 4.53% | -4.17% | -4.37% | -6.59% | 3.23% | 2.64% | -18.62% | -23.20% |
| 2011 | 3.69% | 6.17% | -12.06% | 11.78% | -10.05% | -12.59% | 19.93% | 10.40% | -2.64% | -9.00% | 5.26% | 1.25% | 6.36% | -22.72% |
| 2010 | -6.61% | 3.97% | 9.83% | 4.22% | -7.26% | 5.02% | -4.39% | 16.96% | -1.44% | 8.22% | -8.73% | 10.95% | 30.75% | -8.73% |
| 2009 | 0.89% | 3.07% | -3.05% | -4.65% | -1.08% | -4.98% | 1.84% | 3.16% | 4.54% | -4.14% | 11.00% | -5.84% | -0.58% | -13.11% |
| 2008 | 19.94% | 29.55% | -10.13% | -6.55% | 1.67% | 3.56% | -10.18% | -9.26% | 1.02% | 21.09% | 7.76% | 2.60% | 51.45% | -27.93% |
| 2007 | 6.21% | -8.30% | -3.36% | 8.22% | 11.77% | 7.39% | -17.75% | -22.63% | 16.90% | 3.00% | 7.78% | 6.55% | 7.60% | -36.36% |
| 2006 | -3.63% | -1.37% | 12.42% | 9.38% | -7.78% | -1.63% | -5.69% | -8.76% | -5.22% | 5.93% | 4.33% | 7.86% | 3.08% | -26.01% |
| 2005 | -4.09% | -6.72% | -4.04% | -15.01% | 13.03% | 12.23% | -1.89% | -5.46% | -3.51% | -0.94% | 6.00% | -3.88% | -16.41% | -27.04% |
| 2004 | -2.86% | 8.38% | -2.90% | -18.35% | -6.84% | -9.86% | -5.16% | 9.29% | 1.58% | 7.93% | 5.32% | -0.69% | -16.68% | -36.86% |
| 2003 | 6.94% | 13.83% | -22.44% | 1.57% | 9.45% | -8.07% | -4.75% | 16.70% | -7.63% | -4.23% | -4.45% | -4.47% | -13.41% | -28.86% |
| 2002 | 3.03% | -8.07% | 2.39% | -5.71% | 5.41% | 24.24% | 14.82% | 10.50% | 9.10% | -12.27% | -12.70% | 21.34% | 54.05% | -23.41% |
| 2001 | 7.72% | 0.55% | 6.26% | -8.96% | -0.91% | -8.31% | 0.09% | 6.47% | 1.13% | 20.74% | -23.52% | 6.73% | 1.10% | -23.52% |
| 2000 | 6.85% | -2.94% | -17.34% | -12.36% | -7.59% | -3.95% | 0.56% | 3.29% | -9.70% | 9.12% | 28.04% | 29.39% | 13.08% | -41.46% |
| 1999 | -13.18% | 3.91% | 4.22% | 4.09% | 7.63% | 9.61% | 0.52% | 5.77% | 3.60% | -7.01% | 1.35% | -5.44% | 13.34% | -13.18% |
| 1998 | 4.25% | -5.30% | 4.00% | -11.00% | -4.80% | -0.40% | -1.40% | 27.50% | 16.20% | 3.80% | -13.70% | 0.30% | 13.72% | -18.05% |
| 1997 | 17.83% | -0.15% | 2.21% | -6.47% | -5.88% | 10.38% | 16.84% | -10.21% | 6.45% | -0.64% | 9.82% | 1.55% | 44.60% | -11.97% |
| 1996 | 15.78% | -13.33% | 9.55% | 9.17% | -1.18% | 0.60% | -12.40% | -5.20% | 12.55% | 20.28% | 26.94% | -7.09% | 58.21% | -17.44% |
| 1995 | 0.49% | 13.71% | 24.41% | 3.80% | -2.60% | -3.59% | 0.63% | 18.46% | -6.52% | 10.82% | 11.16% | 4.44% | 98.69% | -6.52% |
| 1994 | -1.71% | -5.34% | 14.90% | 6.97% | 5.21% | 3.29% | -13.38% | -17.67% | -4.68% | -1.02% | 0.74% | -4.22% | -19.33% | -35.08% |
| 1993 | 2.90% | 13.99% | -3.28% | 12.37% | 3.76% | 0.58% | 7.41% | 8.42% | -5.02% | 1.59% | 1.03% | 6.10% | 60.28% | -5.02% |
| 1992 | -14.53% | -0.90% | 4.04% | -15.10% | -0.36% | 13.04% | 11.43% | 9.18% | -8.23% | -5.42% | -4.30% | -8.15% | -21.78% | -25.45% |
| 1991 | -7.05% | -4.51% | 10.30% | -4.49% | -4.99% | -0.46% | -2.54% | 9.93% | 9.23% | -14.93% | 1.20% | 31.22% | 16.91% | -14.93% |
| 1990 | 23.45% | 5.35% | 6.11% | 6.80% | -11.23% | 3.99% | 1.37% | 2.07% | 3.76% | -0.40% | 5.44% | -1.19% | 51.55% | -11.23% |
| 1989 | 21.10% | -4.23% | 9.30% | 6.09% | 20.02% | 3.21% | 8.15% | -13.02% | -1.56% | -16.65% | 7.34% | -5.42% | 30.51% | -28.64% |
| 1988 | 0.73% | 4.34% | -6.55% | -2.47% | 3.88% | -0.56% | -1.83% | -2.65% | 1.98% | 1.92% | -0.72% | -16.70% | -18.72% | -22.66% |
| 1987 | 8.81% | -1.75% | 7.18% | 31.63% | -2.69% | -4.61% | 5.97% | -2.98% | 5.50% | -5.59% | 17.76% | 1.96% | 72.15% | -7.18% |
| 1986 | -1.50% | 24.55% | 11.93% | -5.59% | -5.98% | -13.98% | -4.20% | 12.45% | 0.64% | -2.79% | -6.18% | -0.11% | 3.56% | -26.85% |
| 1985 | 6.23% | 10.03% | -7.25% | -13.09% | 21.66% | -6.79% | -8.36% | -13.48% | -30.68% | 6.69% | 13.61% | 10.02% | -21.68% | -49.76% |
| 1984 | – | – | – | – | – | – | – | – | – | – | -10.95% | 18.01% | 5.09% | -10.95% |
Track Record Compiled By: N/A
Accounting Notes: Track Record includes notional and proprietary funds including interest income, expenses and pro forma fees of 0% and 25%.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.