Cazadores Investments Ltd

Cazadores Commodity Alpha QEP only

Investment Strategy

The program uses a 100% systematic approach to trading commodity futures. We believe that commodity markets are not perfectly efficient, and we seek to systematically exploit this in the most robust way possible. When supply and demand curves shift, the market clearing price changes. It shifts through three phases; equilibrium, price discovery and over extension. Theseshifts leave characteristic signals in commodity markets that can be harvested for alpha

Performance (VAMI)

Monthly Returns

Fund Manager

Joel started with CIMB, South-East Asia’s largest investment bank, in the Structuring team where he developed bespoke investment products for the region’s largest asset managers, pension funds and insurance funds. In this role, he specialised in researching and implementing systematic trading strategies, from CDS index arbitrage to global equity momentum embedded in variable annuities

In 2014 he joined the Commodities team as a trader. While there he used his experience in commodity supply and demand fundamentals to develop a systematic trading strategy to extract alpha from the market

In 2019 Joel joined Cazadores Investments as a Portfolio Manager focusing on systematic commodity strategies

General Information

Inception DateOct 2019
Minimum Investment5,000,000 USD
Management Fee0.50%
Performance Fee20.00%
Highwater MarkYes
Phone02080502169
E-mail[email protected]
Websitewww.cazadoresinvestments.com

Statistics

Total Return Cumulative 10.65%
Sharpe Ratio 0.61
Sortino Ratio 0.82
Winning Months (%) 62.16%
Correlation vs. S&P 500 TR 0.24

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2022 -3.28 -0.77 -0.82 -4.68 -2.93 0.37 0.54 -1.51 2.37 2.42 -8.29
2021 1.47 2.49 -1.19 0.14 0.42 1.45 1.33 1.54 1.34 -0.40 1.36 0.04 9.99
2020 -0.81 1.64 -0.07 1.82 0.12 1.59 -1.02 0.08 -1.02 2.69 2.04 -0.32 6.74
2019 1.63 -0.33 0.91 2.21
There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.
This communication is intended for information purposes only and is not an offer to sell or solicitation of an offer to purchase any security or investment product offered by Cazadores Investments Ltd. Past performance is not indicative of future results. There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. This informational material is directed exclusively to persons who meet the standards of a "Qualified Eligible Person" (QEP) under CFTC Regulation 4.7.

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 Month Rolling ROR

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR

AUM

Volatility (12 Months Rolling)

Risk/Return Comparison

Drawdown

Instruments

Data not available
This communication is intended for information purposes only and is not an offer to sell or solicitation of an offer to purchase any security or investment product offered by Cazadores Investments Ltd. Past performance is not indicative of future results. There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. This informational material is directed exclusively to persons who meet the standards of a "Qualified Eligible Person" (QEP) under CFTC Regulation 4.7.

Return Statistics

Last Month -
Year To Date -8.29%
3 Month ROR 3.28%
12 Months ROR -6.89%
36 Month ROR 9.02%
Total Return Cumulative 10.65%
Total Return Annualized 3.45%
Best Month 2.69%
Winning Months (%) 62.16%
Gain Deviation 0.83

Risk Statistics

Standard Deviation Annualized 5.70%
Max Drawdown (Monthly) -13.08%
Max Drawdown Length 8
Worst Month -4.68%
Losing Months (%) 37.84%
Average Losing Month -1.37%
Loss Deviation 1.29
Correlation vs S&P 500 0.24
Correlation vs DJ/CS MF -0.37

Risk/Reward Statistics

Sharpe Ratio 0.61
Sortino Ratio 0.82
Omega Ratio 0.42
Skewness -1.00
Kurtosis 1.38

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -13.08% 8 0 01/2022 -
2 -1.96% 3 1 07/2020 10/2020
3 -1.19% 1 3 03/2021 06/2021
4 -0.81% 1 1 01/2020 02/2020
5 -0.40% 1 1 10/2021 11/2021

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 2.69%-4.68%0.29%0.37%2.42%62.16%
3 Months 4.41%-8.43%0.62%1.74%3.28%68.57%
6 Months 7.35%-12.44%1.12%3.09%1.26%75.00%
1 Year 13.40%-10.74%3.75%6.91%-6.89%73.08%
2 Years 17.94%0.30%8.66%7.85%3.42%100.00%
3 Years 9.02%8.23%8.63%8.63%9.02%100.00%
5 Years ------

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg3.34%7.02%12.11%50.93%164.61%169.85%
% Positive62.16%68.57%75.00%73.08%100.00%100.00%
Avg. Pos. Period1.30%2.50%4.05%7.77%8.66%8.63%
Avg. Neg. Period-1.37%-3.47%-7.68%-7.17% - -
Sharpe Ratio0.610.650.691.814.4575.64
Sortino Ratio0.820.790.793.070.000.00
Standard Deviation1.64%3.31%5.59%7.18%6.74%0.39%
Downside Deviation1.15%2.48%4.22%3.94%0.00%0.00%
This communication is intended for information purposes only and is not an offer to sell or solicitation of an offer to purchase any security or investment product offered by Cazadores Investments Ltd. Past performance is not indicative of future results. There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. This informational material is directed exclusively to persons who meet the standards of a "Qualified Eligible Person" (QEP) under CFTC Regulation 4.7.

Company Information

Minimum Investment5,000,000 USD (notional funding: 25.00%)
AUM102,507,988 USD
Management Fee0.50%
Performance Fee20.00%
Highwater MarkYes
RT per Million600
Margin to Equity0.10%
Legal StructureManaged Account
Investment RestrictionOnly for Qualified Eligible Persons

Company Information

CompanyCazadores Investments Ltd
Principal -
Phone02080502169
E-mail[email protected]
License NumberNFA 528019
LocationLondon, United Kingdom
Performance Compiled bySudrania Fund Services

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2022 -3.28 -0.77 -0.82 -4.68 -2.93 0.37 0.54 -1.51 2.37 2.42 -8.29
2021 1.47 2.49 -1.19 0.14 0.42 1.45 1.33 1.54 1.34 -0.40 1.36 0.04 9.99
2020 -0.81 1.64 -0.07 1.82 0.12 1.59 -1.02 0.08 -1.02 2.69 2.04 -0.32 6.74
2019 1.63 -0.33 0.91 2.21
There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Strategy Description

The program uses a 100% systematic approach to trading commodity futures. We believe that commodity markets are not perfectly efficient, and we seek to systematically exploit this in the most robust way possible. When supply and demand curves shift, the market clearing price changes. It shifts through three phases; equilibrium, price discovery and over extension. Theseshifts leave characteristic signals in commodity markets that can be harvested for alpha

Return Statistics

Last Month -
Year To Date -8.29%
3 Month ROR 3.28%
12 Months ROR -6.89%
36 Month ROR 9.02%
Total Return Cumulative 10.65%
Total Return Annualized 3.45%
Best Month 2.69%
Winning Months (%) 62.16%
Gain Deviation 0.83

Risk Statistics

Standard Deviation Annualized 5.70%
Max Drawdown (Monthly) -13.08%
Max Drawdown Length 8
Worst Month -4.68%
Losing Months (%) 37.84%
Average Losing Month -1.37%
Loss Deviation 1.29
Correlation vs S&P 500 0.24
Correlation vs DJ/CS MF -0.37

Risk/Reward Statistics

Sharpe Ratio 0.61
Sortino Ratio 0.82
Omega Ratio 0.42
Skewness -1.00
Kurtosis 1.38

Monthly Returns

Performance (VAMI)

Fund Manager

Joel started with CIMB, South-East Asia’s largest investment bank, in the Structuring team where he developed bespoke investment products for the region’s largest asset managers, pension funds and insurance funds. In this role, he specialised in researching and implementing systematic trading strategies, from CDS index arbitrage to global equity momentum embedded in variable annuities

In 2014 he joined the Commodities team as a trader. While there he used his experience in commodity supply and demand fundamentals to develop a systematic trading strategy to extract alpha from the market

In 2019 Joel joined Cazadores Investments as a Portfolio Manager focusing on systematic commodity strategies

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -13.08% 8 0 01/2022 -
2 -1.96% 3 1 07/2020 10/2020
3 -1.19% 1 3 03/2021 06/2021
4 -0.81% 1 1 01/2020 02/2020
5 -0.40% 1 1 10/2021 11/2021

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 2.69%-4.68%0.29%0.37%2.42%62.16%
3 Months 4.41%-8.43%0.62%1.74%3.28%68.57%
6 Months 7.35%-12.44%1.12%3.09%1.26%75.00%
1 Year 13.40%-10.74%3.75%6.91%-6.89%73.08%
2 Years 17.94%0.30%8.66%7.85%3.42%100.00%
3 Years 9.02%8.23%8.63%8.63%9.02%100.00%
5 Years ------

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg3.34%7.02%12.11%50.93%164.61%169.85%
% Positive62.16%68.57%75.00%73.08%100.00%100.00%
Avg. Pos. Period1.30%2.50%4.05%7.77%8.66%8.63%
Avg. Neg. Period-1.37%-3.47%-7.68%-7.17% - -
Sharpe Ratio0.610.650.691.814.4575.64
Sortino Ratio0.820.790.793.070.000.00
Standard Deviation1.64%3.31%5.59%7.18%6.74%0.39%
Downside Deviation1.15%2.48%4.22%3.94%0.00%0.00%

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR

Drawdown

Volatility (12 Months Rolling)

Instruments

Data not available

AUM

For the latest performance, please scan the image above with a QR Reader.
This communication is intended for information purposes only and is not an offer to sell or solicitation of an offer to purchase any security or investment product offered by Cazadores Investments Ltd. Past performance is not indicative of future results. There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. This informational material is directed exclusively to persons who meet the standards of a "Qualified Eligible Person" (QEP) under CFTC Regulation 4.7.