Altegris Clearing Solutions Rhicon Currency Management (Pte) Ltd. Rhicon Strategic Managed Account Program (2X) *FRN*
Monthly Performance (%)
Date Range: 12/03 - 05/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -1.54 -0.65 -1.35 4.48 -1.93 -1.12
2016 -3.01 19.72 -2.01 -3.66 -3.35 -2.79 -0.83 -0.89 -2.60 -4.09 -4.43 -3.99 -13.23
2015 7.64 -4.17 -1.50 1.49 -4.71 -2.03 1.75 3.72 -3.85 1.21 -0.57 -4.55 -6.17
2014 -0.29 -3.59 -0.47 -3.97 2.55 -4.43 4.01 5.35 14.64 -2.43 0.56 4.61 16.10
2013 2.31 -2.85 -2.03 -1.05 9.00 -0.41 0.19 -2.68 -1.35 -2.19 -1.13 0.03 -2.68
2012 -1.91 -0.91 -0.19 -0.51 1.59 -3.97 -1.65 3.79 4.29 -2.27 4.11 11.33 13.55
2011 3.35 -0.89 -1.03 -0.65 2.77 -1.71 -0.79 -0.11 2.41 2.37 0.21 -0.15 5.76
2010 -0.11 0.61 -0.87 -1.91 2.75 -0.41 -1.07 0.49 0.99 -3.47 3.41 -0.79 -0.57
2009 -2.25 -1.25 -0.77 -1.19 3.71 -2.11 -2.05 -0.35 1.11 -1.05 -1.99 -1.07 -9.02
2008 -0.85 5.70 -1.99 5.03 -1.22 -1.51 1.85 12.25 -0.79 3.74 -1.49 2.95 25.25
2007 -1.31 -0.89 4.66 0.20 -0.88 -0.57 6.02 0.59 0.04 4.78 0.49 3.21 17.21
2006 -4.55 -4.99 -1.31 6.23 -4.23 0.29 2.43 -2.37 -0.77 2.29 12.12 -2.05 1.80
2005 -3.95 8.61 2.19 -6.31 6.49 7.64 4.52 0.57 0.71 -4.71 6.01 2.28 25.22
2004 -0.79 6.20 12.07 4.68 3.61 -2.74 14.30 9.34 2.39 -6.21 1.57 -1.47 49.60
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Rhicon Strategic Program applies a discretionary technical trading methodology to currencies and selective financial futures to achieve superior absolute returns. It applies the combined trading approaches of its three Investment Managers to capture profits in the short to medium term time frames. The methodology benefits from a uniquely robust risk management framework, developed and enhanced over years of private and proprietary trading, which enhances capital preservation and upside potential.

Performance Statistics
Date Range: 12/03 - 05/17
  Program SP500 TR Altegris 40
Total Return 176.60% 201.55% 51.13%
Annualized Return 7.88% 8.52% 3.11%
Annualized Std. Deviation 14.65% 13.58% 9.19%
Correlation -0.06 0.08
Sharpe Ratio (rf=2.5%) 0.37 0.44 0.07
Worst Month -6.31% -16.79% -6.22%
Date of Worst Month 04/2005 10/2008 04/2004
Worst Drawdown -27.89% -50.95% -15.74%
Date of Worst Drawdown 2/16 - 3/17 10/07 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 12/03 - 05/17
Year or YTD Program SP500 TR Altegris 40
2017 -1.12 8.68 -1.02
2016 -13.23 11.98 -3.13
2015 -6.17 1.41 0.09
2014 16.10 13.69 15.75
2013 -2.68 32.41 -2.45
2012 13.55 15.98 -4.75
2011 5.76 2.12 -3.23
2010 -0.57 15.06 11.33
2009 -9.02 26.45 -7.98
2008 25.25 -36.99 15.47
2007 17.21 5.50 7.18
2006 1.80 15.79 6.70
2005 25.22 4.89 4.51
2004 49.60 10.87 2.57
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 12/03 - 05/17
Date: 5/31/2017
Perf: $1,448.57 Date: 4/30/2017
Perf: $1,445.82 Date: 3/31/2017
Perf: $1,454.55 Date: 2/28/2017
Perf: $1,476.10 Date: 1/31/2017
Perf: $1,444.61 Date: 12/31/2016
Perf: $1,463.49 Date: 11/30/2016
Perf: $1,452.45 Date: 10/31/2016
Perf: $1,468.60 Date: 9/30/2016
Perf: $1,507.50 Date: 8/31/2016
Perf: $1,527.20 Date: 7/31/2016
Perf: $1,569.42 Date: 6/30/2016
Perf: $1,553.57 Date: 5/31/2016
Perf: $1,490.23 Date: 4/30/2016
Perf: $1,516.78 Date: 3/31/2016
Perf: $1,555.83 Date: 2/29/2016
Perf: $1,601.80 Date: 1/31/2016
Perf: $1,563.34 Date: 12/31/2015
Perf: $1,510.77 Date: 11/30/2015
Perf: $1,546.33 Date: 10/31/2015
Perf: $1,495.34 Date: 9/30/2015
Perf: $1,521.82 Date: 8/31/2015
Perf: $1,489.50 Date: 7/31/2015
Perf: $1,515.72 Date: 6/30/2015
Perf: $1,458.69 Date: 5/31/2015
Perf: $1,538.70 Date: 4/30/2015
Perf: $1,549.86 Date: 3/31/2015
Perf: $1,612.09 Date: 2/28/2015
Perf: $1,577.23 Date: 1/31/2015
Perf: $1,579.76 Date: 12/31/2014
Perf: $1,509.42 Date: 11/30/2014
Perf: $1,483.31 Date: 10/31/2014
Perf: $1,400.01 Date: 9/30/2014
Perf: $1,379.73 Date: 8/31/2014
Perf: $1,359.47 Date: 7/31/2014
Perf: $1,304.30 Date: 6/30/2014
Perf: $1,314.82 Date: 5/31/2014
Perf: $1,303.61 Date: 4/30/2014
Perf: $1,271.07 Date: 3/31/2014
Perf: $1,261.48 Date: 2/28/2014
Perf: $1,280.43 Date: 1/31/2014
Perf: $1,270.02 Date: 12/31/2013
Perf: $1,304.05 Date: 11/30/2013
Perf: $1,305.88 Date: 10/31/2013
Perf: $1,282.67 Date: 9/30/2013
Perf: $1,253.95 Date: 8/31/2013
Perf: $1,261.52 Date: 7/31/2013
Perf: $1,286.21 Date: 6/30/2013
Perf: $1,297.50 Date: 5/31/2013
Perf: $1,348.62 Date: 4/30/2013
Perf: $1,409.21 Date: 3/31/2013
Perf: $1,373.77 Date: 2/28/2013
Perf: $1,354.27 Date: 1/31/2013
Perf: $1,362.17 Date: 12/31/2012
Perf: $1,336.77 Date: 11/30/2012
Perf: $1,330.25 Date: 10/31/2012
Perf: $1,326.54 Date: 9/30/2012
Perf: $1,376.36 Date: 8/31/2012
Perf: $1,399.45 Date: 7/31/2012
Perf: $1,418.75 Date: 6/30/2012
Perf: $1,363.00 Date: 5/31/2012
Perf: $1,416.25 Date: 4/30/2012
Perf: $1,389.84 Date: 3/31/2012
Perf: $1,381.55 Date: 2/29/2012
Perf: $1,413.64 Date: 1/31/2012
Perf: $1,407.87 Date: 12/31/2011
Perf: $1,403.38 Date: 11/30/2011
Perf: $1,390.04 Date: 10/31/2011
Perf: $1,385.88 Date: 9/30/2011
Perf: $1,443.02 Date: 8/31/2011
Perf: $1,443.89 Date: 7/31/2011
Perf: $1,446.78 Date: 6/30/2011
Perf: $1,396.64 Date: 5/31/2011
Perf: $1,433.92 Date: 4/30/2011
Perf: $1,488.25 Date: 3/31/2011
Perf: $1,432.38 Date: 2/28/2011
Perf: $1,454.64 Date: 1/31/2011
Perf: $1,430.32 Date: 12/31/2010
Perf: $1,450.19 Date: 11/30/2010
Perf: $1,390.54 Date: 10/31/2010
Perf: $1,441.57 Date: 9/30/2010
Perf: $1,387.72 Date: 8/31/2010
Perf: $1,362.92 Date: 7/31/2010
Perf: $1,308.74 Date: 6/30/2010
Perf: $1,325.84 Date: 5/31/2010
Perf: $1,320.82 Date: 4/30/2010
Perf: $1,353.58 Date: 3/31/2010
Perf: $1,333.05 Date: 2/28/2010
Perf: $1,282.15 Date: 1/31/2010
Perf: $1,270.21 Date: 12/31/2009
Perf: $1,302.64 Date: 11/30/2009
Perf: $1,356.92 Date: 10/31/2009
Perf: $1,304.36 Date: 9/30/2009
Perf: $1,338.62 Date: 8/31/2009
Perf: $1,307.51 Date: 7/31/2009
Perf: $1,303.21 Date: 6/30/2009
Perf: $1,304.64 Date: 5/31/2009
Perf: $1,340.29 Date: 4/30/2009
Perf: $1,322.05 Date: 3/31/2009
Perf: $1,366.74 Date: 2/28/2009
Perf: $1,405.68 Date: 1/31/2009
Perf: $1,406.38 Date: 12/31/2008
Perf: $1,415.58 Date: 11/30/2008
Perf: $1,380.11 Date: 10/31/2008
Perf: $1,331.26 Date: 9/30/2008
Perf: $1,266.05 Date: 8/31/2008
Perf: $1,263.40 Date: 7/31/2008
Perf: $1,298.06 Date: 6/30/2008
Perf: $1,360.51 Date: 5/31/2008
Perf: $1,325.13 Date: 4/30/2008
Perf: $1,298.38 Date: 3/31/2008
Perf: $1,313.48 Date: 2/29/2008
Perf: $1,319.29 Date: 1/31/2008
Perf: $1,248.26 Date: 12/31/2007
Perf: $1,225.95 Date: 11/30/2007
Perf: $1,228.78 Date: 10/31/2007
Perf: $1,236.82 Date: 9/30/2007
Perf: $1,185.71 Date: 8/31/2007
Perf: $1,132.81 Date: 7/31/2007
Perf: $1,176.70 Date: 6/30/2007
Perf: $1,214.22 Date: 5/31/2007
Perf: $1,180.11 Date: 4/30/2007
Perf: $1,139.44 Date: 3/31/2007
Perf: $1,093.51 Date: 2/28/2007
Perf: $1,119.71 Date: 1/31/2007
Perf: $1,163.34 Date: 12/31/2006
Perf: $1,143.78 Date: 11/30/2006
Perf: $1,106.38 Date: 10/31/2006
Perf: $1,079.92 Date: 9/30/2006
Perf: $1,068.17 Date: 8/31/2006
Perf: $1,079.62 Date: 7/31/2006
Perf: $1,067.66 Date: 6/30/2006
Perf: $1,083.70 Date: 5/31/2006
Perf: $1,098.75 Date: 4/30/2006
Perf: $1,128.66 Date: 3/31/2006
Perf: $1,101.78 Date: 2/28/2006
Perf: $1,073.02 Date: 1/31/2006
Perf: $1,092.47 Date: 12/31/2005
Perf: $1,071.99 Date: 11/30/2005
Perf: $1,091.75 Date: 10/31/2005
Perf: $1,046.84 Date: 9/30/2005
Perf: $1,045.17 Date: 8/31/2005
Perf: $1,029.32 Date: 7/31/2005
Perf: $1,023.79 Date: 6/30/2005
Perf: $1,023.18 Date: 5/31/2005
Perf: $989.44 Date: 4/30/2005
Perf: $959.78 Date: 3/31/2005
Perf: $983.88 Date: 2/28/2005
Perf: $989.43 Date: 1/31/2005
Perf: $982.64 Date: 12/31/2004
Perf: $1,025.73 Date: 11/30/2004
Perf: $1,022.35 Date: 10/31/2004
Perf: $969.88 Date: 9/30/2004
Perf: $937.81 Date: 8/31/2004
Perf: $925.32 Date: 7/31/2004
Perf: $931.75 Date: 6/30/2004
Perf: $942.49 Date: 5/31/2004
Perf: $974.65 Date: 4/30/2004
Perf: $990.40 Date: 3/31/2004
Perf: $1,056.09 Date: 2/29/2004
Perf: $1,066.54 Date: 1/31/2004
Perf: $1,009.60 Date: 12/31/2003
Perf: $1,000.00 Date: 5/31/2017
Perf: $2,865.40 Date: 4/30/2017
Perf: $2,825.56 Date: 3/31/2017
Perf: $2,796.75 Date: 2/28/2017
Perf: $2,793.40 Date: 1/31/2017
Perf: $2,686.73 Date: 12/31/2016
Perf: $2,636.64 Date: 11/30/2016
Perf: $2,585.45 Date: 10/31/2016
Perf: $2,493.20 Date: 9/30/2016
Perf: $2,539.41 Date: 8/31/2016
Perf: $2,538.91 Date: 7/31/2016
Perf: $2,535.36 Date: 6/30/2016
Perf: $2,445.13 Date: 5/31/2016
Perf: $2,438.79 Date: 4/30/2016
Perf: $2,395.67 Date: 3/31/2016
Perf: $2,386.36 Date: 2/29/2016
Perf: $2,234.84 Date: 1/31/2016
Perf: $2,237.75 Date: 12/31/2015
Perf: $2,354.53 Date: 11/30/2015
Perf: $2,392.33 Date: 10/31/2015
Perf: $2,385.18 Date: 9/30/2015
Perf: $2,199.54 Date: 8/31/2015
Perf: $2,255.24 Date: 7/31/2015
Perf: $2,399.96 Date: 6/30/2015
Perf: $2,350.60 Date: 5/31/2015
Perf: $2,397.10 Date: 4/30/2015
Perf: $2,366.57 Date: 3/31/2015
Perf: $2,344.07 Date: 2/28/2015
Perf: $2,381.70 Date: 1/31/2015
Perf: $2,252.20 Date: 12/31/2014
Perf: $2,321.85 Date: 11/30/2014
Perf: $2,327.67 Date: 10/31/2014
Perf: $2,266.70 Date: 9/30/2014
Perf: $2,212.71 Date: 8/31/2014
Perf: $2,244.13 Date: 7/31/2014
Perf: $2,157.81 Date: 6/30/2014
Perf: $2,188.01 Date: 5/31/2014
Perf: $2,143.63 Date: 4/30/2014
Perf: $2,094.42 Date: 3/31/2014
Perf: $2,079.03 Date: 2/28/2014
Perf: $2,061.71 Date: 1/31/2014
Perf: $1,971.61 Date: 12/31/2013
Perf: $2,042.27 Date: 11/30/2013
Perf: $1,991.88 Date: 10/31/2013
Perf: $1,932.92 Date: 9/30/2013
Perf: $1,847.92 Date: 8/31/2013
Perf: $1,791.66 Date: 7/31/2013
Perf: $1,845.17 Date: 6/30/2013
Perf: $1,755.80 Date: 5/31/2013
Perf: $1,779.65 Date: 4/30/2013
Perf: $1,738.96 Date: 3/31/2013
Perf: $1,706.03 Date: 2/28/2013
Perf: $1,644.37 Date: 1/31/2013
Perf: $1,622.30 Date: 12/31/2012
Perf: $1,542.41 Date: 11/30/2012
Perf: $1,528.50 Date: 10/31/2012
Perf: $1,519.68 Date: 9/30/2012
Perf: $1,548.33 Date: 8/31/2012
Perf: $1,509.39 Date: 7/31/2012
Perf: $1,476.17 Date: 6/30/2012
Perf: $1,455.93 Date: 5/31/2012
Perf: $1,398.32 Date: 4/30/2012
Perf: $1,487.74 Date: 3/31/2012
Perf: $1,497.17 Date: 2/29/2012
Perf: $1,449.48 Date: 1/31/2012
Perf: $1,389.46 Date: 12/31/2011
Perf: $1,329.88 Date: 11/30/2011
Perf: $1,316.45 Date: 10/31/2011
Perf: $1,319.35 Date: 9/30/2011
Perf: $1,189.36 Date: 8/31/2011
Perf: $1,279.29 Date: 7/31/2011
Perf: $1,352.74 Date: 6/30/2011
Perf: $1,380.77 Date: 5/31/2011
Perf: $1,404.22 Date: 4/30/2011
Perf: $1,420.27 Date: 3/31/2011
Perf: $1,379.44 Date: 2/28/2011
Perf: $1,378.89 Date: 1/31/2011
Perf: $1,333.16 Date: 12/31/2010
Perf: $1,302.30 Date: 11/30/2010
Perf: $1,220.75 Date: 10/31/2010
Perf: $1,220.63 Date: 9/30/2010
Perf: $1,175.83 Date: 8/31/2010
Perf: $1,079.54 Date: 7/31/2010
Perf: $1,130.52 Date: 6/30/2010
Perf: $1,056.46 Date: 5/31/2010
Perf: $1,114.77 Date: 4/30/2010
Perf: $1,211.57 Date: 3/31/2010
Perf: $1,192.73 Date: 2/28/2010
Perf: $1,124.89 Date: 1/31/2010
Perf: $1,091.07 Date: 12/31/2009
Perf: $1,131.82 Date: 11/30/2009
Perf: $1,110.39 Date: 10/31/2009
Perf: $1,047.53 Date: 9/30/2009
Perf: $1,067.39 Date: 8/31/2009
Perf: $1,029.01 Date: 7/31/2009
Perf: $993.15 Date: 6/30/2009
Perf: $923.35 Date: 5/31/2009
Perf: $921.50 Date: 4/30/2009
Perf: $872.72 Date: 3/31/2009
Perf: $796.50 Date: 2/28/2009
Perf: $732.34 Date: 1/31/2009
Perf: $819.63 Date: 12/31/2008
Perf: $895.09 Date: 11/30/2008
Perf: $885.70 Date: 10/31/2008
Perf: $954.21 Date: 9/30/2008
Perf: $1,146.75 Date: 8/31/2008
Perf: $1,258.92 Date: 7/31/2008
Perf: $1,240.93 Date: 6/30/2008
Perf: $1,251.44 Date: 5/31/2008
Perf: $1,366.65 Date: 4/30/2008
Perf: $1,349.11 Date: 3/31/2008
Perf: $1,286.46 Date: 2/29/2008
Perf: $1,292.02 Date: 1/31/2008
Perf: $1,335.42 Date: 12/31/2007
Perf: $1,420.66 Date: 11/30/2007
Perf: $1,430.53 Date: 10/31/2007
Perf: $1,492.93 Date: 9/30/2007
Perf: $1,469.57 Date: 8/31/2007
Perf: $1,416.59 Date: 7/31/2007
Perf: $1,395.65 Date: 6/30/2007
Perf: $1,440.30 Date: 5/31/2007
Perf: $1,464.61 Date: 4/30/2007
Perf: $1,415.22 Date: 3/31/2007
Perf: $1,355.19 Date: 2/28/2007
Perf: $1,340.18 Date: 1/31/2007
Perf: $1,366.97 Date: 12/31/2006
Perf: $1,346.64 Date: 11/30/2006
Perf: $1,328.04 Date: 10/31/2006
Perf: $1,303.28 Date: 9/30/2006
Perf: $1,262.14 Date: 8/31/2006
Perf: $1,230.39 Date: 7/31/2006
Perf: $1,201.79 Date: 6/30/2006
Perf: $1,194.38 Date: 5/31/2006
Perf: $1,192.71 Date: 4/30/2006
Perf: $1,228.08 Date: 3/31/2006
Perf: $1,211.84 Date: 2/28/2006
Perf: $1,197.00 Date: 1/31/2006
Perf: $1,193.78 Date: 12/31/2005
Perf: $1,162.96 Date: 11/30/2005
Perf: $1,162.61 Date: 10/31/2005
Perf: $1,120.26 Date: 9/30/2005
Perf: $1,139.29 Date: 8/31/2005
Perf: $1,130.14 Date: 7/31/2005
Perf: $1,140.52 Date: 6/30/2005
Perf: $1,099.61 Date: 5/31/2005
Perf: $1,098.07 Date: 4/30/2005
Perf: $1,064.23 Date: 3/31/2005
Perf: $1,084.84 Date: 2/28/2005
Perf: $1,104.39 Date: 1/31/2005
Perf: $1,081.67 Date: 12/31/2004
Perf: $1,108.73 Date: 11/30/2004
Perf: $1,072.27 Date: 10/31/2004
Perf: $1,030.53 Date: 9/30/2004
Perf: $1,015.00 Date: 8/31/2004
Perf: $1,004.16 Date: 7/31/2004
Perf: $1,000.16 Date: 6/30/2004
Perf: $1,034.40 Date: 5/31/2004
Perf: $1,014.71 Date: 4/30/2004
Perf: $1,001.00 Date: 3/31/2004
Perf: $1,016.96 Date: 2/29/2004
Perf: $1,032.56 Date: 1/31/2004
Perf: $1,018.40 Date: 12/31/2003
Perf: $1,000.00 Date: 5/31/2017
Perf: $2,766.02 Date: 4/30/2017
Perf: $2,820.45 Date: 3/31/2017
Perf: $2,699.51 Date: 2/28/2017
Perf: $2,736.46 Date: 1/31/2017
Perf: $2,754.36 Date: 12/31/2016
Perf: $2,797.44 Date: 11/30/2016
Perf: $2,913.70 Date: 10/31/2016
Perf: $3,048.76 Date: 9/30/2016
Perf: $3,178.77 Date: 8/31/2016
Perf: $3,263.62 Date: 7/31/2016
Perf: $3,292.93 Date: 6/30/2016
Perf: $3,320.49 Date: 5/31/2016
Perf: $3,415.79 Date: 4/30/2016
Perf: $3,534.19 Date: 3/31/2016
Perf: $3,668.45 Date: 2/29/2016
Perf: $3,743.70 Date: 1/31/2016
Perf: $3,127.05 Date: 12/31/2015
Perf: $3,224.09 Date: 11/30/2015
Perf: $3,377.78 Date: 10/31/2015
Perf: $3,397.14 Date: 9/30/2015
Perf: $3,356.53 Date: 8/31/2015
Perf: $3,490.93 Date: 7/31/2015
Perf: $3,365.73 Date: 6/30/2015
Perf: $3,307.84 Date: 5/31/2015
Perf: $3,376.38 Date: 4/30/2015
Perf: $3,543.27 Date: 3/31/2015
Perf: $3,491.25 Date: 2/28/2015
Perf: $3,544.41 Date: 1/31/2015
Perf: $3,698.65 Date: 12/31/2014
Perf: $3,436.13 Date: 11/30/2014
Perf: $3,284.70 Date: 10/31/2014
Perf: $3,266.41 Date: 9/30/2014
Perf: $3,347.76 Date: 8/31/2014
Perf: $2,920.24 Date: 7/31/2014
Perf: $2,771.94 Date: 6/30/2014
Perf: $2,665.07 Date: 5/31/2014
Perf: $2,788.61 Date: 4/30/2014
Perf: $2,719.26 Date: 3/31/2014
Perf: $2,831.68 Date: 2/28/2014
Perf: $2,845.05 Date: 1/31/2014
Perf: $2,950.99 Date: 12/31/2013
Perf: $2,959.58 Date: 11/30/2013
Perf: $2,958.69 Date: 10/31/2013
Perf: $2,992.50 Date: 9/30/2013
Perf: $3,059.51 Date: 8/31/2013
Perf: $3,101.38 Date: 7/31/2013
Perf: $3,186.78 Date: 6/30/2013
Perf: $3,180.74 Date: 5/31/2013
Perf: $3,193.83 Date: 4/30/2013
Perf: $2,930.12 Date: 3/31/2013
Perf: $2,961.22 Date: 2/28/2013
Perf: $3,022.57 Date: 1/31/2013
Perf: $3,111.24 Date: 12/31/2012
Perf: $3,041.00 Date: 11/30/2012
Perf: $2,731.52 Date: 10/31/2012
Perf: $2,623.68 Date: 9/30/2012
Perf: $2,684.62 Date: 8/31/2012
Perf: $2,574.19 Date: 7/31/2012
Perf: $2,480.19 Date: 6/30/2012
Perf: $2,521.80 Date: 5/31/2012
Perf: $2,626.06 Date: 4/30/2012
Perf: $2,584.96 Date: 3/31/2012
Perf: $2,598.21 Date: 2/29/2012
Perf: $2,603.15 Date: 1/31/2012
Perf: $2,627.06 Date: 12/31/2011
Perf: $2,678.21 Date: 11/30/2011
Perf: $2,682.24 Date: 10/31/2011
Perf: $2,676.61 Date: 9/30/2011
Perf: $2,614.65 Date: 8/31/2011
Perf: $2,553.12 Date: 7/31/2011
Perf: $2,555.93 Date: 6/30/2011
Perf: $2,576.28 Date: 5/31/2011
Perf: $2,621.10 Date: 4/30/2011
Perf: $2,550.45 Date: 3/31/2011
Perf: $2,567.14 Date: 2/28/2011
Perf: $2,593.86 Date: 1/31/2011
Perf: $2,617.15 Date: 12/31/2010
Perf: $2,532.32 Date: 11/30/2010
Perf: $2,552.48 Date: 10/31/2010
Perf: $2,468.31 Date: 9/30/2010
Perf: $2,557.04 Date: 8/31/2010
Perf: $2,531.98 Date: 7/31/2010
Perf: $2,519.63 Date: 6/30/2010
Perf: $2,546.88 Date: 5/31/2010
Perf: $2,557.37 Date: 4/30/2010
Perf: $2,488.92 Date: 3/31/2010
Perf: $2,537.39 Date: 2/28/2010
Perf: $2,559.65 Date: 1/31/2010
Perf: $2,544.13 Date: 12/31/2009
Perf: $2,546.94 Date: 11/30/2009
Perf: $2,574.48 Date: 10/31/2009
Perf: $2,626.76 Date: 9/30/2009
Perf: $2,654.63 Date: 8/31/2009
Perf: $2,625.49 Date: 7/31/2009
Perf: $2,634.71 Date: 6/30/2009
Perf: $2,689.85 Date: 5/31/2009
Perf: $2,747.83 Date: 4/30/2009
Perf: $2,649.53 Date: 3/31/2009
Perf: $2,681.44 Date: 2/28/2009
Perf: $2,702.25 Date: 1/31/2009
Perf: $2,736.45 Date: 12/31/2008
Perf: $2,799.44 Date: 11/30/2008
Perf: $2,719.22 Date: 10/31/2008
Perf: $2,760.35 Date: 9/30/2008
Perf: $2,660.84 Date: 8/31/2008
Perf: $2,682.03 Date: 7/31/2008
Perf: $2,389.33 Date: 6/30/2008
Perf: $2,345.93 Date: 5/31/2008
Perf: $2,381.90 Date: 4/30/2008
Perf: $2,411.32 Date: 3/31/2008
Perf: $2,295.84 Date: 2/29/2008
Perf: $2,342.45 Date: 1/31/2008
Perf: $2,216.13 Date: 12/31/2007
Perf: $2,235.13 Date: 11/30/2007
Perf: $2,165.61 Date: 10/31/2007
Perf: $2,155.05 Date: 9/30/2007
Perf: $2,056.74 Date: 8/31/2007
Perf: $2,055.92 Date: 7/31/2007
Perf: $2,043.86 Date: 6/30/2007
Perf: $1,927.81 Date: 5/31/2007
Perf: $1,938.86 Date: 4/30/2007
Perf: $1,956.07 Date: 3/31/2007
Perf: $1,952.17 Date: 2/28/2007
Perf: $1,865.25 Date: 1/31/2007
Perf: $1,882.00 Date: 12/31/2006
Perf: $1,906.98 Date: 11/30/2006
Perf: $1,946.89 Date: 10/31/2006
Perf: $1,736.43 Date: 9/30/2006
Perf: $1,697.56 Date: 8/31/2006
Perf: $1,710.73 Date: 7/31/2006
Perf: $1,752.26 Date: 6/30/2006
Perf: $1,710.69 Date: 5/31/2006
Perf: $1,705.74 Date: 4/30/2006
Perf: $1,781.08 Date: 3/31/2006
Perf: $1,676.63 Date: 2/28/2006
Perf: $1,698.89 Date: 1/31/2006
Perf: $1,788.11 Date: 12/31/2005
Perf: $1,873.35 Date: 11/30/2005
Perf: $1,831.59 Date: 10/31/2005
Perf: $1,727.75 Date: 9/30/2005
Perf: $1,813.15 Date: 8/31/2005
Perf: $1,800.37 Date: 7/31/2005
Perf: $1,790.16 Date: 6/30/2005
Perf: $1,712.75 Date: 5/31/2005
Perf: $1,591.18 Date: 4/30/2005
Perf: $1,494.21 Date: 3/31/2005
Perf: $1,594.84 Date: 2/28/2005
Perf: $1,560.66 Date: 1/31/2005
Perf: $1,436.94 Date: 12/31/2004
Perf: $1,496.04 Date: 11/30/2004
Perf: $1,518.36 Date: 10/31/2004
Perf: $1,494.89 Date: 9/30/2004
Perf: $1,593.87 Date: 8/31/2004
Perf: $1,556.66 Date: 7/31/2004
Perf: $1,423.69 Date: 6/30/2004
Perf: $1,245.57 Date: 5/31/2004
Perf: $1,280.66 Date: 4/30/2004
Perf: $1,236.04 Date: 3/31/2004
Perf: $1,180.78 Date: 2/29/2004
Perf: $1,053.61 Date: 1/31/2004
Perf: $992.10 Date: 12/31/2003
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 12/03 - 05/17
Date: 5/31/2017
Return: -1.93 % Date: 4/30/2017
Return: 4.48 % Date: 3/31/2017
Return: -1.35 % Date: 2/28/2017
Return: -0.65 % Date: 1/31/2017
Return: -1.54 % Date: 12/31/2016
Return: -3.99 % Date: 11/30/2016
Return: -4.43 % Date: 10/31/2016
Return: -4.09 % Date: 9/30/2016
Return: -2.60 % Date: 8/31/2016
Return: -0.89 % Date: 7/31/2016
Return: -0.83 % Date: 6/30/2016
Return: -2.79 % Date: 5/31/2016
Return: -3.35 % Date: 4/30/2016
Return: -3.66 % Date: 3/31/2016
Return: -2.01 % Date: 2/29/2016
Return: 19.72 % Date: 1/31/2016
Return: -3.01 % Date: 12/31/2015
Return: -4.55 % Date: 11/30/2015
Return: -0.57 % Date: 10/31/2015
Return: 1.21 % Date: 9/30/2015
Return: -3.85 % Date: 8/31/2015
Return: 3.72 % Date: 7/31/2015
Return: 1.75 % Date: 6/30/2015
Return: -2.03 % Date: 5/31/2015
Return: -4.71 % Date: 4/30/2015
Return: 1.49 % Date: 3/31/2015
Return: -1.50 % Date: 2/28/2015
Return: -4.17 % Date: 1/31/2015
Return: 7.64 % Date: 12/31/2014
Return: 4.61 % Date: 11/30/2014
Return: 0.56 % Date: 10/31/2014
Return: -2.43 % Date: 9/30/2014
Return: 14.64 % Date: 8/31/2014
Return: 5.35 % Date: 7/31/2014
Return: 4.01 % Date: 6/30/2014
Return: -4.43 % Date: 5/31/2014
Return: 2.55 % Date: 4/30/2014
Return: -3.97 % Date: 3/31/2014
Return: -0.47 % Date: 2/28/2014
Return: -3.59 % Date: 1/31/2014
Return: -0.29 % Date: 12/31/2013
Return: 0.03 % Date: 11/30/2013
Return: -1.13 % Date: 10/31/2013
Return: -2.19 % Date: 9/30/2013
Return: -1.35 % Date: 8/31/2013
Return: -2.68 % Date: 7/31/2013
Return: 0.19 % Date: 6/30/2013
Return: -0.41 % Date: 5/31/2013
Return: 9.00 % Date: 4/30/2013
Return: -1.05 % Date: 3/31/2013
Return: -2.03 % Date: 2/28/2013
Return: -2.85 % Date: 1/31/2013
Return: 2.31 % Date: 12/31/2012
Return: 11.33 % Date: 11/30/2012
Return: 4.11 % Date: 10/31/2012
Return: -2.27 % Date: 9/30/2012
Return: 4.29 % Date: 8/31/2012
Return: 3.79 % Date: 7/31/2012
Return: -1.65 % Date: 6/30/2012
Return: -3.97 % Date: 5/31/2012
Return: 1.59 % Date: 4/30/2012
Return: -0.51 % Date: 3/31/2012
Return: -0.19 % Date: 2/29/2012
Return: -0.91 % Date: 1/31/2012
Return: -1.91 % Date: 12/31/2011
Return: -0.15 % Date: 11/30/2011
Return: 0.21 % Date: 10/31/2011
Return: 2.37 % Date: 9/30/2011
Return: 2.41 % Date: 8/31/2011
Return: -0.11 % Date: 7/31/2011
Return: -0.79 % Date: 6/30/2011
Return: -1.71 % Date: 5/31/2011
Return: 2.77 % Date: 4/30/2011
Return: -0.65 % Date: 3/31/2011
Return: -1.03 % Date: 2/28/2011
Return: -0.89 % Date: 1/31/2011
Return: 3.35 % Date: 12/31/2010
Return: -0.79 % Date: 11/30/2010
Return: 3.41 % Date: 10/31/2010
Return: -3.47 % Date: 9/30/2010
Return: 0.99 % Date: 8/31/2010
Return: 0.49 % Date: 7/31/2010
Return: -1.07 % Date: 6/30/2010
Return: -0.41 % Date: 5/31/2010
Return: 2.75 % Date: 4/30/2010
Return: -1.91 % Date: 3/31/2010
Return: -0.87 % Date: 2/28/2010
Return: 0.61 % Date: 1/31/2010
Return: -0.11 % Date: 12/31/2009
Return: -1.07 % Date: 11/30/2009
Return: -1.99 % Date: 10/31/2009
Return: -1.05 % Date: 9/30/2009
Return: 1.11 % Date: 8/31/2009
Return: -0.35 % Date: 7/31/2009
Return: -2.05 % Date: 6/30/2009
Return: -2.11 % Date: 5/31/2009
Return: 3.71 % Date: 4/30/2009
Return: -1.19 % Date: 3/31/2009
Return: -0.77 % Date: 2/28/2009
Return: -1.25 % Date: 1/31/2009
Return: -2.25 % Date: 12/31/2008
Return: 2.95 % Date: 11/30/2008
Return: -1.49 % Date: 10/31/2008
Return: 3.74 % Date: 9/30/2008
Return: -0.79 % Date: 8/31/2008
Return: 12.25 % Date: 7/31/2008
Return: 1.85 % Date: 6/30/2008
Return: -1.51 % Date: 5/31/2008
Return: -1.22 % Date: 4/30/2008
Return: 5.03 % Date: 3/31/2008
Return: -1.99 % Date: 2/29/2008
Return: 5.70 % Date: 1/31/2008
Return: -0.85 % Date: 12/31/2007
Return: 3.21 % Date: 11/30/2007
Return: 0.49 % Date: 10/31/2007
Return: 4.78 % Date: 9/30/2007
Return: 0.04 % Date: 8/31/2007
Return: 0.59 % Date: 7/31/2007
Return: 6.02 % Date: 6/30/2007
Return: -0.57 % Date: 5/31/2007
Return: -0.88 % Date: 4/30/2007
Return: 0.20 % Date: 3/31/2007
Return: 4.66 % Date: 2/28/2007
Return: -0.89 % Date: 1/31/2007
Return: -1.31 % Date: 12/31/2006
Return: -2.05 % Date: 11/30/2006
Return: 12.12 % Date: 10/31/2006
Return: 2.29 % Date: 9/30/2006
Return: -0.77 % Date: 8/31/2006
Return: -2.37 % Date: 7/31/2006
Return: 2.43 % Date: 6/30/2006
Return: 0.29 % Date: 5/31/2006
Return: -4.23 % Date: 4/30/2006
Return: 6.23 % Date: 3/31/2006
Return: -1.31 % Date: 2/28/2006
Return: -4.99 % Date: 1/31/2006
Return: -4.55 % Date: 12/31/2005
Return: 2.28 % Date: 11/30/2005
Return: 6.01 % Date: 10/31/2005
Return: -4.71 % Date: 9/30/2005
Return: 0.71 % Date: 8/31/2005
Return: 0.57 % Date: 7/31/2005
Return: 4.52 % Date: 6/30/2005
Return: 7.64 % Date: 5/31/2005
Return: 6.49 % Date: 4/30/2005
Return: -6.31 % Date: 3/31/2005
Return: 2.19 % Date: 2/28/2005
Return: 8.61 % Date: 1/31/2005
Return: -3.95 % Date: 12/31/2004
Return: -1.47 % Date: 11/30/2004
Return: 1.57 % Date: 10/31/2004
Return: -6.21 % Date: 9/30/2004
Return: 2.39 % Date: 8/31/2004
Return: 9.34 % Date: 7/31/2004
Return: 14.30 % Date: 6/30/2004
Return: -2.74 % Date: 5/31/2004
Return: 3.61 % Date: 4/30/2004
Return: 4.68 % Date: 3/31/2004
Return: 12.07 % Date: 2/29/2004
Return: 6.20 % Date: 1/31/2004
Return: -0.79 % Date: 12/31/2003
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 12/03 - 05/17
Return: 20.00 %
Count: 1 Return: 15.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: 3.00 %
Count: 7 Return: -2.00 %
Count: 20 Return: -5.00 %
Count: 5 Return: 1.00 %
Count: 9 Return: 8.00 %
Count: 2 Return: -4.00 %
Count: 12 Return: -6.00 %
Count: 2 Return: 2.00 %
Count: 12 Return: 9.00 %
Count: 3 Return: 14.00 %
Count: 1 Return: -3.00 %
Count: 8 Return: 4.00 %
Count: 9 Return: 5.00 %
Count: 7 Return: 12.00 %
Count: 3 Return: 6.00 %
Count: 6 Return: -1.00 %
Count: 35 Return: 0.00 %
Count: 18
Note: All performance data is since program inception.

Underwater Curve
Date Range: 12/03 - 05/17
Date: 5/31/2017
Drawdown: -26.12 % Date: 4/30/2017
Drawdown: -24.66 % Date: 3/31/2017
Drawdown: -27.89 % Date: 2/28/2017
Drawdown: -26.91 % Date: 1/31/2017
Drawdown: -26.43 % Date: 12/31/2016
Drawdown: -25.28 % Date: 11/30/2016
Drawdown: -22.17 % Date: 10/31/2016
Drawdown: -18.56 % Date: 9/30/2016
Drawdown: -15.09 % Date: 8/31/2016
Drawdown: -12.82 % Date: 7/31/2016
Drawdown: -12.04 % Date: 6/30/2016
Drawdown: -11.30 % Date: 5/31/2016
Drawdown: -8.76 % Date: 4/30/2016
Drawdown: -5.60 % Date: 3/31/2016
Drawdown: -2.01 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -15.45 % Date: 12/31/2015
Drawdown: -12.83 % Date: 11/30/2015
Drawdown: -8.68 % Date: 10/31/2015
Drawdown: -8.15 % Date: 9/30/2015
Drawdown: -9.25 % Date: 8/31/2015
Drawdown: -5.62 % Date: 7/31/2015
Drawdown: -9.00 % Date: 6/30/2015
Drawdown: -10.57 % Date: 5/31/2015
Drawdown: -8.71 % Date: 4/30/2015
Drawdown: -4.20 % Date: 3/31/2015
Drawdown: -5.61 % Date: 2/28/2015
Drawdown: -4.17 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: -1.88 % Date: 10/31/2014
Drawdown: -2.43 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: -8.57 % Date: 7/31/2014
Drawdown: -13.21 % Date: 6/30/2014
Drawdown: -16.56 % Date: 5/31/2014
Drawdown: -12.69 % Date: 4/30/2014
Drawdown: -14.86 % Date: 3/31/2014
Drawdown: -11.34 % Date: 2/28/2014
Drawdown: -10.92 % Date: 1/31/2014
Drawdown: -7.60 % Date: 12/31/2013
Drawdown: -7.33 % Date: 11/30/2013
Drawdown: -7.36 % Date: 10/31/2013
Drawdown: -6.30 % Date: 9/30/2013
Drawdown: -4.21 % Date: 8/31/2013
Drawdown: -2.89 % Date: 7/31/2013
Drawdown: -0.22 % Date: 6/30/2013
Drawdown: -0.41 % Date: 5/31/2013
Drawdown: 0.00 % Date: 4/30/2013
Drawdown: -5.82 % Date: 3/31/2013
Drawdown: -4.82 % Date: 2/28/2013
Drawdown: -2.85 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: -2.43 % Date: 10/31/2012
Drawdown: -6.28 % Date: 9/30/2012
Drawdown: -4.10 % Date: 8/31/2012
Drawdown: -8.05 % Date: 7/31/2012
Drawdown: -11.40 % Date: 6/30/2012
Drawdown: -9.92 % Date: 5/31/2012
Drawdown: -6.19 % Date: 4/30/2012
Drawdown: -7.66 % Date: 3/31/2012
Drawdown: -7.19 % Date: 2/29/2012
Drawdown: -7.01 % Date: 1/31/2012
Drawdown: -6.16 % Date: 12/31/2011
Drawdown: -4.33 % Date: 11/30/2011
Drawdown: -4.19 % Date: 10/31/2011
Drawdown: -4.39 % Date: 9/30/2011
Drawdown: -6.60 % Date: 8/31/2011
Drawdown: -8.80 % Date: 7/31/2011
Drawdown: -8.70 % Date: 6/30/2011
Drawdown: -7.97 % Date: 5/31/2011
Drawdown: -6.37 % Date: 4/30/2011
Drawdown: -8.89 % Date: 3/31/2011
Drawdown: -8.30 % Date: 2/28/2011
Drawdown: -7.34 % Date: 1/31/2011
Drawdown: -6.51 % Date: 12/31/2010
Drawdown: -9.54 % Date: 11/30/2010
Drawdown: -8.82 % Date: 10/31/2010
Drawdown: -11.83 % Date: 9/30/2010
Drawdown: -8.66 % Date: 8/31/2010
Drawdown: -9.55 % Date: 7/31/2010
Drawdown: -10.00 % Date: 6/30/2010
Drawdown: -9.02 % Date: 5/31/2010
Drawdown: -8.65 % Date: 4/30/2010
Drawdown: -11.09 % Date: 3/31/2010
Drawdown: -9.36 % Date: 2/28/2010
Drawdown: -8.57 % Date: 1/31/2010
Drawdown: -9.12 % Date: 12/31/2009
Drawdown: -9.02 % Date: 11/30/2009
Drawdown: -8.04 % Date: 10/31/2009
Drawdown: -6.17 % Date: 9/30/2009
Drawdown: -5.17 % Date: 8/31/2009
Drawdown: -6.21 % Date: 7/31/2009
Drawdown: -5.88 % Date: 6/30/2009
Drawdown: -3.91 % Date: 5/31/2009
Drawdown: -1.84 % Date: 4/30/2009
Drawdown: -5.35 % Date: 3/31/2009
Drawdown: -4.22 % Date: 2/28/2009
Drawdown: -3.47 % Date: 1/31/2009
Drawdown: -2.25 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: -1.49 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: -0.79 % Date: 8/31/2008
Drawdown: 0.00 % Date: 7/31/2008
Drawdown: -0.91 % Date: 6/30/2008
Drawdown: -2.71 % Date: 5/31/2008
Drawdown: -1.22 % Date: 4/30/2008
Drawdown: 0.00 % Date: 3/31/2008
Drawdown: -1.99 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: -0.85 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: 0.00 % Date: 8/31/2007
Drawdown: 0.00 % Date: 7/31/2007
Drawdown: 0.00 % Date: 6/30/2007
Drawdown: -1.44 % Date: 5/31/2007
Drawdown: -0.88 % Date: 4/30/2007
Drawdown: 0.00 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: -4.19 % Date: 1/31/2007
Drawdown: -3.33 % Date: 12/31/2006
Drawdown: -2.05 % Date: 11/30/2006
Drawdown: 0.00 % Date: 10/31/2006
Drawdown: -7.31 % Date: 9/30/2006
Drawdown: -9.38 % Date: 8/31/2006
Drawdown: -8.68 % Date: 7/31/2006
Drawdown: -6.46 % Date: 6/30/2006
Drawdown: -8.68 % Date: 5/31/2006
Drawdown: -8.95 % Date: 4/30/2006
Drawdown: -4.93 % Date: 3/31/2006
Drawdown: -10.50 % Date: 2/28/2006
Drawdown: -9.31 % Date: 1/31/2006
Drawdown: -4.55 % Date: 12/31/2005
Drawdown: 0.00 % Date: 11/30/2005
Drawdown: 0.00 % Date: 10/31/2005
Drawdown: -4.71 % Date: 9/30/2005
Drawdown: 0.00 % Date: 8/31/2005
Drawdown: 0.00 % Date: 7/31/2005
Drawdown: 0.00 % Date: 6/30/2005
Drawdown: 0.00 % Date: 5/31/2005
Drawdown: -0.23 % Date: 4/30/2005
Drawdown: -6.31 % Date: 3/31/2005
Drawdown: 0.00 % Date: 2/28/2005
Drawdown: -2.08 % Date: 1/31/2005
Drawdown: -9.85 % Date: 12/31/2004
Drawdown: -6.14 % Date: 11/30/2004
Drawdown: -4.74 % Date: 10/31/2004
Drawdown: -6.21 % Date: 9/30/2004
Drawdown: 0.00 % Date: 8/31/2004
Drawdown: 0.00 % Date: 7/31/2004
Drawdown: 0.00 % Date: 6/30/2004
Drawdown: -2.74 % Date: 5/31/2004
Drawdown: 0.00 % Date: 4/30/2004
Drawdown: 0.00 % Date: 3/31/2004
Drawdown: 0.00 % Date: 2/29/2004
Drawdown: 0.00 % Date: 1/31/2004
Drawdown: -0.79 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Rhicon Currency Management (Pte) Ltd.
Address: 80 Tras St
City: Singapore
State:
Zip: 079019
Country: Singapore
Key People
Name:  Peter Jacobson
Position:  Principal
Biography: 

Peter Jacobson started his career in foreign exchange in 1993 at Citibank Sydney, and thereafter at Swiss Bank Corporation in Geneva in 1995. From 1996 he headed the European Currency desk at Goldman Sachs International Finance in London until 1998 when he relocated to expand and develop the spot currency desk for Goldman Sachs International Bank in Tokyo. In 1999 he resigned to develop a proprietary currency trading company with Mr McLaughlin, ForexTechnicals Ltd. Following upon its success, they teamed up with Mr Brandon to start Rhicon Currency Management in 2000. Mr Jacobson holds a BA in Economics from the University of Sydney.


Name:  Christopher Brandon
Position:  Principal
Biography: 

Christopher Brandon joined Swiss Bank Corporation in Geneva in 1995 and relocated to SBC Warburg London in 1996, as a senior currency trader. He moved to UBS Warburg Singapore in early 1999 as a proprietary trader and the senior technical analyst in Asia, providing technical expertise to the bank’s major institutional customers. He resigned in 2000 and co-founded Rhicon Currency Management that same year. He holds an MA (Hons) in Economics from the University of Edinburgh.


Additional Information

The Program Performance information presented in this and other areas of the www.managedfutures.com website was prepared by Altegris Clearing Solutions, LLC, an affiliate within the Altegris Group of Companies, based upon information provided by each respective manager of commodity futures and foreign currency trading programs tracked by Altegris Clearing Solutions and its affiliates. The Program Performance information does not contain opinion or analysis of Altegris Clearing Solutions or any of its affiliates, and the completeness and accuracy of performance information reported to Altegris Clearing Solutions cannot in all cases be independently verified. See “Additional Information” at the end of this page for further details regarding the presentation of performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.