Hoffman Asset Management
The Global Trend Following Program is truly a global futures trend following trading program, selecting trades from approximately 70 liquid futures markets from the U.S. and around the world. Virtually every sector is included from grains, meats, currencies, stock indices, softs, energy, metals, interest rates, etc. It is comprised of 5 different trading systems programmed to synergistically work together as one adjusting to the markets technical changes in volatility, trendiness, moving averages, etc. It is dynamic; changing with the underlying environment of the markets. The overall logic is trend capturing in nature utilizing pattern recognition across multiple time frames. An exclusive ranking strategy monitors over 70 markets and constantly creates a dynamic vs. static portfolio of markets to trade. This results in more concentrated bets in a smaller universe of markets. The risk management structure is designed to minimize volatility. We constantly monitor new trade entry risk as well as managing ongoing open trade equity risk. The net result of this activity is a reduction in the standard deviation of returns.
Markets Traded (partial list)
- Currencies (Aussie, Pound, Canadian, Euro, Dollar, Yen, Mex Peso, Franc)
- Interest Rates (Bankers Accept., Bund, Bobl, Eurodollar, Euribor, Gilt, Sht. Sterling, 5 yr, Jap. Govt. Bond, 10 yr, 30 yr)
- Energies (Crude, Heating Oil, Gasoline, Kerosene, Gas Oil, Natural Gas)
- Grains (Bean oil, Corn, Jap Corn, Jap. Soy, Palm Oil, Kansas Wheat, Canola, Soybeans, Soybean Meal, Wheat)
- Metals (Gold, Copper, Platinum, Aluminum, Nickel, Zinc, Silver)
- Indices (Cac 40, Dax, FTSE, Hang Seng, Ibex, Nasdaq, Nikkei, S&P 500, Swiss Market Index, DJ Stoxx- 50, Taiwan Index)
- Meats (Live Cattle, Lean Hogs)
- Softs (Cocoa, Coffee, Sugar, Cotton)
- Other (Japanese Rubber)
Before investing, clients must read Hoffman Asset Management’s full disclosure document which can be found here: http://cta.visionlp.com/pdf/HFM/hoffman_ddoc.pdf.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
Modified Global Trend Following Program Performance (Current Program) (Table 1)
Month |
2008 |
2007 |
January |
3.11% |
- |
February |
12.10% |
- |
March |
-4.78% |
- |
April |
.42% |
0.80% |
May |
.95% |
4.48% |
June |
3.24% |
3.54% |
July |
-7.38% |
-0.93% |
August |
.47% |
2.55% |
September |
2.49% |
13.36% |
October |
4.63% |
5.95% |
November |
5.47% |
-1.97% |
December |
3.96% |
1.82% |
Annual/YTD |
26.04% |
19.52% |
|---|
In April of 2007 a material change was made to the Global Trend Following Program. This table shows the results since the program was modified.
**Global Trend Following Program Performance
Month |
2008 |
2007 |
2006 |
2005 |
January |
3.11% |
-1.51% |
.88% |
- |
February |
12.10% |
-2.06% |
2.96% |
- |
March |
-4.78% |
-6.70% |
1.11% |
- |
April |
.42% |
0.80% |
-.77% |
- |
May |
.95% |
4.48% |
-1.52% |
- |
June |
3.24% |
3.54% |
-1.62% |
- |
July |
-7.38% |
-0.93% |
-6.39% |
- |
August |
.47% |
2.55% |
-1.32% |
- |
September |
2.49% |
13.36% |
-.69% |
- |
October |
4.63% |
5.95% |
.33% |
- |
November |
5.47% |
-1.97% |
-7.57% |
.40% |
December |
3.96% |
1.82% |
10.65 |
.99% |
Annual/YTD |
26.04% |
19.52% |
-12.52% |
1.40% |
|---|
**In April of 2007 a material change was made to this trading program in an effort to reduce volatility. The results on Table 1 (first table) show the performance since the modification.
Notes:
1. Drawdown means losses experienced by the composite over a specified period.
2. Rate of Return is calculated by dividing the Net Performance by the Adjusted Beginning Net Asset Value
(Beginning Net Asset Value plus time weighted additions and withdrawals) multiplied by 100.
*3. Worst Peak-to-Valley draw-down is the greatest cumulative percentage decline in month-end net asset
value of the composite due to losses during a period in which the initial month-end net asset value is not
equaled or exceeded by a subsequent month-end ne
4. The Advisor had 4.7 exempt customer accounts for which performance is not shown
5. Program underwent a material change in April 2007. Customer accounts continued to trade
however the CTA changed the underlying program. Because the program is different
performance is shown for both.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS INHERENT IN FUTURES TRADING IS SUBSTANTIAL. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. INVESTORS MUST READ THE CURRENT DISCLOSURE DOCUMENT BEFORE THEY INVEST. A COMPLETE DISCUSSION OF FEES AND CHARGES ARE REPORTED IN THE CTA’s DISCLOSURE DOCUMENT. SPECIFICALLY, ONE SHOULD RECOGNIZE THAT AN INTORDUCING BROKER MAY CHARGE A FRONT-END FEE OF UP TO 6% OF THE INTIAL CONTRIBUATION. PLEASE NOTE THAT THIS CHARGE IS NOT REFLECTED IN THE PERFORMANCE OF THE COMMODITY TRADING ADVISOR AND COULD HAVE SIGTNIFICAT IMPACT ON THE CUSTOMERS ABILITY TO ACHIEVE SIMILAR RESULTS
For faster service please call Operator at: 212-209-3985 or 1-877-611-PAAM.