I went through systematic FX fund disclosure doc. It went live quite recently - in Feb 2013. As on June 2013,
Style: High Frequency Trading Algorithm
Instrument: EUR/USD
Profit Factor: 6.48
Hit (Success) Ratio: 94.34%
Expectation: +13.48%
Target Annual Returns: 18-22%
Max DD: 0.30%
Total Trades Closed: 106
Total Days Completed: 129 (incl. Sat & Sun)
No loosing month or week
Fund Manager has 'skin in the game' i.e. has personal funds invested
Management Fee: 0%
Profit Participation: 50% with high-watermark and claw-back provisions
No min. lock-up periods
No side-pockets
No redemption/subscription loads
No gate provision or withdrawal restriction
Fund Manager is less than 30 years old
Questions to pros who are skilled in performance evaluation:
What other metrics do I need to make a thorough and diligent evaluation?
What would you say in response to this 'live' performance statement?
I don't mind the higher than industry benchmark incentive fee in return for low vol/steady returns.
Style: High Frequency Trading Algorithm
Instrument: EUR/USD
Profit Factor: 6.48
Hit (Success) Ratio: 94.34%
Expectation: +13.48%
Target Annual Returns: 18-22%
Max DD: 0.30%
Total Trades Closed: 106
Total Days Completed: 129 (incl. Sat & Sun)
No loosing month or week
Fund Manager has 'skin in the game' i.e. has personal funds invested
Management Fee: 0%
Profit Participation: 50% with high-watermark and claw-back provisions
No min. lock-up periods
No side-pockets
No redemption/subscription loads
No gate provision or withdrawal restriction
Fund Manager is less than 30 years old
Questions to pros who are skilled in performance evaluation:
What other metrics do I need to make a thorough and diligent evaluation?
What would you say in response to this 'live' performance statement?
I don't mind the higher than industry benchmark incentive fee in return for low vol/steady returns.