Altegris Clearing Solutions Paskewitz Asset Management, LLC Multi-Strategy Futures Program *QEP*
Monthly Performance (%)
Date Range: 04/10 - 05/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.34 -2.42 -0.61 -0.14 -1.09 -4.53
2016 -7.03 -1.37 5.45 -0.73 2.03 -3.65 0.08 0.27 3.98 -2.04 1.38 -0.60 -2.80
2015 1.87 0.53 2.26 3.04 3.26 -1.65 1.97 -0.44 -4.49 1.07 -0.88 1.39 7.93
2014 -4.61 0.77 -2.45 -2.50 -1.93 0.24 -0.69 -1.16 1.49 -1.04 -1.26 0.81 -11.80
2013 1.78 -0.61 -0.44 1.06 -7.30 -1.49 -0.45 0.09 -1.66 -1.39 2.59 -3.49 -11.08
2012 0.69 -4.70 -0.83 -1.14 -4.16 8.65 1.92 1.43 -0.07 -1.01 -0.87 -2.25 -2.93
2011 -0.03 1.50 -3.43 1.48 -1.26 -2.51 6.55 -0.83 0.86 6.14 -3.26 -1.93 2.73
2010 1.34 -1.88 2.30 0.25 3.06 2.68 2.09 2.03 12.40
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Diversified Program contains three different types of models: contrarian, trend-following and short-term momentum. The combination of these three classes of systematic strategies takes advantage of the demonstrated negative correlation that the existing S&P program has with other asset classes and indices of strategy types. Combining these three types of uncorrelated trading strategies all into a single program provides an enhanced diversification benefit. For example, if an investor were to allocate to two separate uncorrelated managers, the first of which earns 10% in a quarter and the second of which loses 10%, the investor would pay an incentive fee to one manager even though their overall portfolio was flat for the quarter. Our Diversified Program clients avoid this netting risk by gaining exposure to multiple trading methodologies in a single product. In the Diversified Program, about 35% of an investor’s margin is allocated to contrarian models, the same type used in the current S&P program. These models look to buy into oversold and sell into overbought markets on a short-term basis. The balance of investor capital participates in trend-following and short-term momentum strategies. Trend-following models predict and participate in larger market moves, buying when the market has momentum to the upside and selling when the market has momentum to the downside. The short-term momentum models use underlying logic that is similar to the trend-following models but on a much smaller time scale. All three strategy classes used by the Program are diversified in the patterns the models use to decide when to enter and exit the market as well as the time horizon over which they are investing

Performance Statistics
Date Range: 04/10 - 05/17
  Program SP500 TR Altegris 40
Total Return -11.97% 140.24% 8.67%
Annualized Return -1.78% 13.01% 1.17%
Annualized Std. Deviation 9.22% 12.22% 8.65%
Correlation 0.33 -0.04
Sharpe Ratio (rf=2.5%) -0.46 0.86 -0.15
Worst Month -7.30% -7.99% -5.20%
Date of Worst Month 05/2013 05/2010 06/2015
Worst Drawdown -28.52% -16.26% -15.74%
Date of Worst Drawdown 10/11 - 2/16 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 04/10 - 05/17
Year or YTD Program SP500 TR Altegris 40
2017 -4.53 8.68 -1.02
2016 -2.80 11.98 -3.13
2015 7.93 1.41 0.09
2014 -11.80 13.69 15.75
2013 -11.08 32.41 -2.45
2012 -2.93 15.98 -4.75
2011 2.73 2.12 -3.23
2010 12.40 7.49 7.14
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 04/10 - 05/17
Date: 5/31/2017
Perf: $1,070.18 Date: 4/30/2017
Perf: $1,068.15 Date: 3/31/2017
Perf: $1,074.60 Date: 2/28/2017
Perf: $1,090.52 Date: 1/31/2017
Perf: $1,067.25 Date: 12/31/2016
Perf: $1,081.20 Date: 11/30/2016
Perf: $1,073.04 Date: 10/31/2016
Perf: $1,084.98 Date: 9/30/2016
Perf: $1,113.71 Date: 8/31/2016
Perf: $1,128.27 Date: 7/31/2016
Perf: $1,159.46 Date: 6/30/2016
Perf: $1,147.75 Date: 5/31/2016
Perf: $1,100.96 Date: 4/30/2016
Perf: $1,120.57 Date: 3/31/2016
Perf: $1,149.42 Date: 2/29/2016
Perf: $1,183.38 Date: 1/31/2016
Perf: $1,154.97 Date: 12/31/2015
Perf: $1,116.13 Date: 11/30/2015
Perf: $1,142.40 Date: 10/31/2015
Perf: $1,104.73 Date: 9/30/2015
Perf: $1,124.30 Date: 8/31/2015
Perf: $1,100.42 Date: 7/31/2015
Perf: $1,119.79 Date: 6/30/2015
Perf: $1,077.65 Date: 5/31/2015
Perf: $1,136.76 Date: 4/30/2015
Perf: $1,145.01 Date: 3/31/2015
Perf: $1,190.98 Date: 2/28/2015
Perf: $1,165.23 Date: 1/31/2015
Perf: $1,167.10 Date: 12/31/2014
Perf: $1,115.13 Date: 11/30/2014
Perf: $1,095.84 Date: 10/31/2014
Perf: $1,034.30 Date: 9/30/2014
Perf: $1,019.32 Date: 8/31/2014
Perf: $1,004.35 Date: 7/31/2014
Perf: $963.59 Date: 6/30/2014
Perf: $971.36 Date: 5/31/2014
Perf: $963.08 Date: 4/30/2014
Perf: $939.04 Date: 3/31/2014
Perf: $931.96 Date: 2/28/2014
Perf: $945.96 Date: 1/31/2014
Perf: $938.27 Date: 12/31/2013
Perf: $963.41 Date: 11/30/2013
Perf: $964.76 Date: 10/31/2013
Perf: $947.61 Date: 9/30/2013
Perf: $926.40 Date: 8/31/2013
Perf: $931.99 Date: 7/31/2013
Perf: $950.23 Date: 6/30/2013
Perf: $958.57 Date: 5/31/2013
Perf: $996.33 Date: 4/30/2013
Perf: $1,041.10 Date: 3/31/2013
Perf: $1,014.92 Date: 2/28/2013
Perf: $1,000.51 Date: 1/31/2013
Perf: $1,006.34 Date: 12/31/2012
Perf: $987.58 Date: 11/30/2012
Perf: $982.77 Date: 10/31/2012
Perf: $980.02 Date: 9/30/2012
Perf: $1,016.83 Date: 8/31/2012
Perf: $1,033.89 Date: 7/31/2012
Perf: $1,048.14 Date: 6/30/2012
Perf: $1,006.96 Date: 5/31/2012
Perf: $1,046.30 Date: 4/30/2012
Perf: $1,026.79 Date: 3/31/2012
Perf: $1,020.67 Date: 2/29/2012
Perf: $1,044.38 Date: 1/31/2012
Perf: $1,040.11 Date: 12/31/2011
Perf: $1,036.79 Date: 11/30/2011
Perf: $1,026.93 Date: 10/31/2011
Perf: $1,023.86 Date: 9/30/2011
Perf: $1,066.08 Date: 8/31/2011
Perf: $1,066.72 Date: 7/31/2011
Perf: $1,068.86 Date: 6/30/2011
Perf: $1,031.81 Date: 5/31/2011
Perf: $1,059.36 Date: 4/30/2011
Perf: $1,099.49 Date: 3/31/2011
Perf: $1,058.22 Date: 2/28/2011
Perf: $1,074.66 Date: 1/31/2011
Perf: $1,056.70 Date: 12/31/2010
Perf: $1,071.38 Date: 11/30/2010
Perf: $1,027.30 Date: 10/31/2010
Perf: $1,065.01 Date: 9/30/2010
Perf: $1,025.23 Date: 8/31/2010
Perf: $1,006.90 Date: 7/31/2010
Perf: $966.87 Date: 6/30/2010
Perf: $979.51 Date: 5/31/2010
Perf: $975.80 Date: 4/30/2010
Perf: $1,000.00 Date: 5/31/2017
Perf: $2,365.03 Date: 4/30/2017
Perf: $2,332.14 Date: 3/31/2017
Perf: $2,308.37 Date: 2/28/2017
Perf: $2,305.60 Date: 1/31/2017
Perf: $2,217.56 Date: 12/31/2016
Perf: $2,176.21 Date: 11/30/2016
Perf: $2,133.96 Date: 10/31/2016
Perf: $2,057.82 Date: 9/30/2016
Perf: $2,095.97 Date: 8/31/2016
Perf: $2,095.55 Date: 7/31/2016
Perf: $2,092.62 Date: 6/30/2016
Perf: $2,018.15 Date: 5/31/2016
Perf: $2,012.92 Date: 4/30/2016
Perf: $1,977.32 Date: 3/31/2016
Perf: $1,969.64 Date: 2/29/2016
Perf: $1,844.58 Date: 1/31/2016
Perf: $1,846.98 Date: 12/31/2015
Perf: $1,943.37 Date: 11/30/2015
Perf: $1,974.57 Date: 10/31/2015
Perf: $1,968.67 Date: 9/30/2015
Perf: $1,815.44 Date: 8/31/2015
Perf: $1,861.42 Date: 7/31/2015
Perf: $1,980.87 Date: 6/30/2015
Perf: $1,940.12 Date: 5/31/2015
Perf: $1,978.51 Date: 4/30/2015
Perf: $1,953.31 Date: 3/31/2015
Perf: $1,934.73 Date: 2/28/2015
Perf: $1,965.79 Date: 1/31/2015
Perf: $1,858.91 Date: 12/31/2014
Perf: $1,916.40 Date: 11/30/2014
Perf: $1,921.20 Date: 10/31/2014
Perf: $1,870.88 Date: 9/30/2014
Perf: $1,826.31 Date: 8/31/2014
Perf: $1,852.24 Date: 7/31/2014
Perf: $1,781.00 Date: 6/30/2014
Perf: $1,805.93 Date: 5/31/2014
Perf: $1,769.30 Date: 4/30/2014
Perf: $1,728.68 Date: 3/31/2014
Perf: $1,715.98 Date: 2/28/2014
Perf: $1,701.69 Date: 1/31/2014
Perf: $1,627.32 Date: 12/31/2013
Perf: $1,685.64 Date: 11/30/2013
Perf: $1,644.05 Date: 10/31/2013
Perf: $1,595.39 Date: 9/30/2013
Perf: $1,525.23 Date: 8/31/2013
Perf: $1,478.79 Date: 7/31/2013
Perf: $1,522.96 Date: 6/30/2013
Perf: $1,449.19 Date: 5/31/2013
Perf: $1,468.88 Date: 4/30/2013
Perf: $1,435.29 Date: 3/31/2013
Perf: $1,408.11 Date: 2/28/2013
Perf: $1,357.22 Date: 1/31/2013
Perf: $1,339.01 Date: 12/31/2012
Perf: $1,273.06 Date: 11/30/2012
Perf: $1,261.58 Date: 10/31/2012
Perf: $1,254.31 Date: 9/30/2012
Perf: $1,277.95 Date: 8/31/2012
Perf: $1,245.81 Date: 7/31/2012
Perf: $1,218.39 Date: 6/30/2012
Perf: $1,201.69 Date: 5/31/2012
Perf: $1,154.14 Date: 4/30/2012
Perf: $1,227.94 Date: 3/31/2012
Perf: $1,235.72 Date: 2/29/2012
Perf: $1,196.36 Date: 1/31/2012
Perf: $1,146.82 Date: 12/31/2011
Perf: $1,097.65 Date: 11/30/2011
Perf: $1,086.56 Date: 10/31/2011
Perf: $1,088.96 Date: 9/30/2011
Perf: $981.66 Date: 8/31/2011
Perf: $1,055.89 Date: 7/31/2011
Perf: $1,116.52 Date: 6/30/2011
Perf: $1,139.66 Date: 5/31/2011
Perf: $1,159.01 Date: 4/30/2011
Perf: $1,172.26 Date: 3/31/2011
Perf: $1,138.56 Date: 2/28/2011
Perf: $1,138.10 Date: 1/31/2011
Perf: $1,100.36 Date: 12/31/2010
Perf: $1,074.88 Date: 11/30/2010
Perf: $1,007.58 Date: 10/31/2010
Perf: $1,007.48 Date: 9/30/2010
Perf: $970.50 Date: 8/31/2010
Perf: $891.02 Date: 7/31/2010
Perf: $933.10 Date: 6/30/2010
Perf: $871.98 Date: 5/31/2010
Perf: $920.10 Date: 4/30/2010
Perf: $1,000.00 Date: 5/31/2017
Perf: $880.35 Date: 4/30/2017
Perf: $890.05 Date: 3/31/2017
Perf: $891.30 Date: 2/28/2017
Perf: $896.77 Date: 1/31/2017
Perf: $919.01 Date: 12/31/2016
Perf: $922.14 Date: 11/30/2016
Perf: $927.71 Date: 10/31/2016
Perf: $915.08 Date: 9/30/2016
Perf: $934.14 Date: 8/31/2016
Perf: $898.38 Date: 7/31/2016
Perf: $895.96 Date: 6/30/2016
Perf: $895.25 Date: 5/31/2016
Perf: $929.16 Date: 4/30/2016
Perf: $910.67 Date: 3/31/2016
Perf: $917.37 Date: 2/29/2016
Perf: $869.96 Date: 1/31/2016
Perf: $882.04 Date: 12/31/2015
Perf: $948.74 Date: 11/30/2015
Perf: $935.73 Date: 10/31/2015
Perf: $944.04 Date: 9/30/2015
Perf: $934.04 Date: 8/31/2015
Perf: $977.95 Date: 7/31/2015
Perf: $982.28 Date: 6/30/2015
Perf: $963.30 Date: 5/31/2015
Perf: $979.46 Date: 4/30/2015
Perf: $948.54 Date: 3/31/2015
Perf: $920.55 Date: 2/28/2015
Perf: $900.21 Date: 1/31/2015
Perf: $895.46 Date: 12/31/2014
Perf: $879.03 Date: 11/30/2014
Perf: $871.96 Date: 10/31/2014
Perf: $883.09 Date: 9/30/2014
Perf: $892.37 Date: 8/31/2014
Perf: $879.27 Date: 7/31/2014
Perf: $889.59 Date: 6/30/2014
Perf: $895.77 Date: 5/31/2014
Perf: $893.62 Date: 4/30/2014
Perf: $911.21 Date: 3/31/2014
Perf: $934.57 Date: 2/28/2014
Perf: $958.05 Date: 1/31/2014
Perf: $950.73 Date: 12/31/2013
Perf: $996.67 Date: 11/30/2013
Perf: $1,032.71 Date: 10/31/2013
Perf: $1,006.64 Date: 9/30/2013
Perf: $1,020.83 Date: 8/31/2013
Perf: $1,038.06 Date: 7/31/2013
Perf: $1,037.13 Date: 6/30/2013
Perf: $1,041.82 Date: 5/31/2013
Perf: $1,057.58 Date: 4/30/2013
Perf: $1,140.86 Date: 3/31/2013
Perf: $1,128.89 Date: 2/28/2013
Perf: $1,133.88 Date: 1/31/2013
Perf: $1,140.84 Date: 12/31/2012
Perf: $1,120.89 Date: 11/30/2012
Perf: $1,146.69 Date: 10/31/2012
Perf: $1,156.75 Date: 9/30/2012
Perf: $1,168.56 Date: 8/31/2012
Perf: $1,169.37 Date: 7/31/2012
Perf: $1,152.89 Date: 6/30/2012
Perf: $1,131.17 Date: 5/31/2012
Perf: $1,041.11 Date: 4/30/2012
Perf: $1,086.30 Date: 3/31/2012
Perf: $1,098.83 Date: 2/29/2012
Perf: $1,108.03 Date: 1/31/2012
Perf: $1,162.67 Date: 12/31/2011
Perf: $1,154.71 Date: 11/30/2011
Perf: $1,177.43 Date: 10/31/2011
Perf: $1,217.11 Date: 9/30/2011
Perf: $1,146.70 Date: 8/31/2011
Perf: $1,136.92 Date: 7/31/2011
Perf: $1,146.44 Date: 6/30/2011
Perf: $1,075.96 Date: 5/31/2011
Perf: $1,103.66 Date: 4/30/2011
Perf: $1,117.75 Date: 3/31/2011
Perf: $1,101.45 Date: 2/28/2011
Perf: $1,140.57 Date: 1/31/2011
Perf: $1,123.71 Date: 12/31/2010
Perf: $1,124.05 Date: 11/30/2010
Perf: $1,101.69 Date: 10/31/2010
Perf: $1,079.13 Date: 9/30/2010
Perf: $1,050.97 Date: 8/31/2010
Perf: $1,019.76 Date: 7/31/2010
Perf: $1,017.22 Date: 6/30/2010
Perf: $994.35 Date: 5/31/2010
Perf: $1,013.40 Date: 4/30/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 04/10 - 05/17
Date: 5/31/2017
Return: -1.09 % Date: 4/30/2017
Return: -0.14 % Date: 3/31/2017
Return: -0.61 % Date: 2/28/2017
Return: -2.42 % Date: 1/31/2017
Return: -0.34 % Date: 12/31/2016
Return: -0.60 % Date: 11/30/2016
Return: 1.38 % Date: 10/31/2016
Return: -2.04 % Date: 9/30/2016
Return: 3.98 % Date: 8/31/2016
Return: 0.27 % Date: 7/31/2016
Return: 0.08 % Date: 6/30/2016
Return: -3.65 % Date: 5/31/2016
Return: 2.03 % Date: 4/30/2016
Return: -0.73 % Date: 3/31/2016
Return: 5.45 % Date: 2/29/2016
Return: -1.37 % Date: 1/31/2016
Return: -7.03 % Date: 12/31/2015
Return: 1.39 % Date: 11/30/2015
Return: -0.88 % Date: 10/31/2015
Return: 1.07 % Date: 9/30/2015
Return: -4.49 % Date: 8/31/2015
Return: -0.44 % Date: 7/31/2015
Return: 1.97 % Date: 6/30/2015
Return: -1.65 % Date: 5/31/2015
Return: 3.26 % Date: 4/30/2015
Return: 3.04 % Date: 3/31/2015
Return: 2.26 % Date: 2/28/2015
Return: 0.53 % Date: 1/31/2015
Return: 1.87 % Date: 12/31/2014
Return: 0.81 % Date: 11/30/2014
Return: -1.26 % Date: 10/31/2014
Return: -1.04 % Date: 9/30/2014
Return: 1.49 % Date: 8/31/2014
Return: -1.16 % Date: 7/31/2014
Return: -0.69 % Date: 6/30/2014
Return: 0.24 % Date: 5/31/2014
Return: -1.93 % Date: 4/30/2014
Return: -2.50 % Date: 3/31/2014
Return: -2.45 % Date: 2/28/2014
Return: 0.77 % Date: 1/31/2014
Return: -4.61 % Date: 12/31/2013
Return: -3.49 % Date: 11/30/2013
Return: 2.59 % Date: 10/31/2013
Return: -1.39 % Date: 9/30/2013
Return: -1.66 % Date: 8/31/2013
Return: 0.09 % Date: 7/31/2013
Return: -0.45 % Date: 6/30/2013
Return: -1.49 % Date: 5/31/2013
Return: -7.30 % Date: 4/30/2013
Return: 1.06 % Date: 3/31/2013
Return: -0.44 % Date: 2/28/2013
Return: -0.61 % Date: 1/31/2013
Return: 1.78 % Date: 12/31/2012
Return: -2.25 % Date: 11/30/2012
Return: -0.87 % Date: 10/31/2012
Return: -1.01 % Date: 9/30/2012
Return: -0.07 % Date: 8/31/2012
Return: 1.43 % Date: 7/31/2012
Return: 1.92 % Date: 6/30/2012
Return: 8.65 % Date: 5/31/2012
Return: -4.16 % Date: 4/30/2012
Return: -1.14 % Date: 3/31/2012
Return: -0.83 % Date: 2/29/2012
Return: -4.70 % Date: 1/31/2012
Return: 0.69 % Date: 12/31/2011
Return: -1.93 % Date: 11/30/2011
Return: -3.26 % Date: 10/31/2011
Return: 6.14 % Date: 9/30/2011
Return: 0.86 % Date: 8/31/2011
Return: -0.83 % Date: 7/31/2011
Return: 6.55 % Date: 6/30/2011
Return: -2.51 % Date: 5/31/2011
Return: -1.26 % Date: 4/30/2011
Return: 1.48 % Date: 3/31/2011
Return: -3.43 % Date: 2/28/2011
Return: 1.50 % Date: 1/31/2011
Return: -0.03 % Date: 12/31/2010
Return: 2.03 % Date: 11/30/2010
Return: 2.09 % Date: 10/31/2010
Return: 2.68 % Date: 9/30/2010
Return: 3.06 % Date: 8/31/2010
Return: 0.25 % Date: 7/31/2010
Return: 2.30 % Date: 6/30/2010
Return: -1.88 % Date: 5/31/2010
Return: 1.34 % Date: 4/30/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 04/10 - 05/17
Return: 4.00 %
Count: 1 Return: 5.00 %
Count: 1 Return: -7.00 %
Count: 2 Return: 9.00 %
Count: 1 Return: -4.00 %
Count: 3 Return: -5.00 %
Count: 2 Return: 6.00 %
Count: 1 Return: 7.00 %
Count: 1 Return: -1.00 %
Count: 19 Return: -3.00 %
Count: 5 Return: 3.00 %
Count: 5 Return: 2.00 %
Count: 9 Return: -2.00 %
Count: 9 Return: 1.00 %
Count: 14 Return: 0.00 %
Count: 13
Note: All performance data is since program inception.

Underwater Curve
Date Range: 04/10 - 05/17
Date: 5/31/2017
Drawdown: -27.67 % Date: 4/30/2017
Drawdown: -26.87 % Date: 3/31/2017
Drawdown: -26.77 % Date: 2/28/2017
Drawdown: -26.32 % Date: 1/31/2017
Drawdown: -24.49 % Date: 12/31/2016
Drawdown: -24.23 % Date: 11/30/2016
Drawdown: -23.78 % Date: 10/31/2016
Drawdown: -24.82 % Date: 9/30/2016
Drawdown: -23.25 % Date: 8/31/2016
Drawdown: -26.19 % Date: 7/31/2016
Drawdown: -26.39 % Date: 6/30/2016
Drawdown: -26.44 % Date: 5/31/2016
Drawdown: -23.66 % Date: 4/30/2016
Drawdown: -25.18 % Date: 3/31/2016
Drawdown: -24.63 % Date: 2/29/2016
Drawdown: -28.52 % Date: 1/31/2016
Drawdown: -27.53 % Date: 12/31/2015
Drawdown: -22.05 % Date: 11/30/2015
Drawdown: -23.12 % Date: 10/31/2015
Drawdown: -22.44 % Date: 9/30/2015
Drawdown: -23.26 % Date: 8/31/2015
Drawdown: -19.65 % Date: 7/31/2015
Drawdown: -19.29 % Date: 6/30/2015
Drawdown: -20.85 % Date: 5/31/2015
Drawdown: -19.53 % Date: 4/30/2015
Drawdown: -22.07 % Date: 3/31/2015
Drawdown: -24.37 % Date: 2/28/2015
Drawdown: -26.04 % Date: 1/31/2015
Drawdown: -26.43 % Date: 12/31/2014
Drawdown: -27.78 % Date: 11/30/2014
Drawdown: -28.36 % Date: 10/31/2014
Drawdown: -27.44 % Date: 9/30/2014
Drawdown: -26.68 % Date: 8/31/2014
Drawdown: -27.76 % Date: 7/31/2014
Drawdown: -26.91 % Date: 6/30/2014
Drawdown: -26.40 % Date: 5/31/2014
Drawdown: -26.58 % Date: 4/30/2014
Drawdown: -25.13 % Date: 3/31/2014
Drawdown: -23.21 % Date: 2/28/2014
Drawdown: -21.28 % Date: 1/31/2014
Drawdown: -21.89 % Date: 12/31/2013
Drawdown: -18.11 % Date: 11/30/2013
Drawdown: -15.15 % Date: 10/31/2013
Drawdown: -17.29 % Date: 9/30/2013
Drawdown: -16.13 % Date: 8/31/2013
Drawdown: -14.71 % Date: 7/31/2013
Drawdown: -14.79 % Date: 6/30/2013
Drawdown: -14.40 % Date: 5/31/2013
Drawdown: -13.11 % Date: 4/30/2013
Drawdown: -6.26 % Date: 3/31/2013
Drawdown: -7.25 % Date: 2/28/2013
Drawdown: -6.84 % Date: 1/31/2013
Drawdown: -6.27 % Date: 12/31/2012
Drawdown: -7.91 % Date: 11/30/2012
Drawdown: -5.79 % Date: 10/31/2012
Drawdown: -4.96 % Date: 9/30/2012
Drawdown: -3.99 % Date: 8/31/2012
Drawdown: -3.92 % Date: 7/31/2012
Drawdown: -5.28 % Date: 6/30/2012
Drawdown: -7.06 % Date: 5/31/2012
Drawdown: -14.46 % Date: 4/30/2012
Drawdown: -10.75 % Date: 3/31/2012
Drawdown: -9.72 % Date: 2/29/2012
Drawdown: -8.96 % Date: 1/31/2012
Drawdown: -4.47 % Date: 12/31/2011
Drawdown: -5.13 % Date: 11/30/2011
Drawdown: -3.26 % Date: 10/31/2011
Drawdown: 0.00 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -0.83 % Date: 7/31/2011
Drawdown: 0.00 % Date: 6/30/2011
Drawdown: -5.66 % Date: 5/31/2011
Drawdown: -3.24 % Date: 4/30/2011
Drawdown: -2.00 % Date: 3/31/2011
Drawdown: -3.43 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: -0.03 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: 0.00 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: -1.88 % Date: 5/31/2010
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Paskewitz Asset Management, LLC
Address: 644 Fernandez Juncos Ave
City: San Juan
State:
Zip: 00902
Country: Puerto Rico
Key People
Name:  Diana King
Position:  Principal
Biography: 

Diana King has worked as an accountant/controller/CFO at a number of firms since 1991. She has been CFO for Paskewitz Asset Management since inception, and has also assisted with trading administration and execution. She has also assisted in establishing and maintaining the Chinese R&D operation. Her education includes a BS in Finance/Accounting from Zhengzhou University in China, and an MBA in Finance/Accounting from Berne University/Hunter College.


Name:  Bradford Paskewitz
Position:  Principal
Biography: 

Bradford Paskewitz has been developing and trading quantitative strategies since 1987, with a primary focus on the futures and equity markets. He has done this work at firms such as Banque Indosuez, Lehman Brothers, Credit Suisse, and Bear Wagner. He now runs Paskewitz Asset Management (PAM) where strategy R&D is the ongoing focus. Over the course of a twenty two year career in finance, he has focused on the problem of market price forecasting and has continually kept abreast of emerging forecasting methods and techniques as they emerge, with the goal of remaining at the frontier of forecasting technology and implementation. His proprietary quantitative research infrastructure currently enables him to develop new quantitative strategies and trading programs in both U.S. and foreign futures, equity and currency markets. PAM has been a registered CTA since January 2007 and Bradford Paskewitz is an Associated Person and Principal of PAM. Since 2003 he has also been CEO of Qualsolutions, Inc., which provides R&D and technical consulting services to PAM. Qualsolutions has foreign teams located in Beijing and Zhengzhou China, and provides financial market consulting services using their select team of Chinese quants and programmers. From 1982-87, he worked as Director of R&D at Electro-Catheter Corporation on an artificial heart project. He began his career at General Electric, with the Re-entry Systems Division conducting missile radar signal processing R&D (1980-82). His education includes a BS in Electrical Engineering/Computer Science from Princeton University and an MS in Systems Engineering from the University of Pennsylvania.


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.