Altegris Clearing Solutions Red Rock Capital, LLC Commodity Long-Short Program
Monthly Performance (%)
Date Range: 08/13 - 02/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.61 -5.78 -6.35
2016 -3.01 -0.46 -6.72 -3.67 -1.83 5.87 3.38 -0.09 0.64 0.99 0.68 -1.45 -6.09
2015 2.97 -2.09 2.76 -5.03 2.63 3.79 8.20 4.29 0.63 -2.50 14.50 -1.17 31.30
2014 0.94 5.27 8.14 -6.08 0.44 1.92 5.37 -3.06 17.07 -1.66 4.79 4.12 41.75
2013 0.18 0.42 3.33 0.77 4.75
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

Tangible / physical commodity futures markets are predictably inefficient. Supply & demand shocks are common and they regularly exhibit various degrees of disequilibrium as producers, consumers, and speculators attempt to maximize their gains and limit their risks. Our Commodity Long-Short strategy is designed to identify patterns of market behavior that signal an opportune time to initiate positions with the aim of capturing profitable, directional volatility in these markets as they try to find their true price. The patterns are not visible to the naked eye and can be counter-trend or with the trend. The average holding period of a trade is 9 days and the returns of the strategy exhibit very low correlation to stocks, bonds, HFs, or trend-following CTAs. Minimum account size is $500,000 and fees are 2% & 20%.

Performance Statistics
Date Range: 08/13 - 02/17
  Program SP500 TR Altegris 40
Total Return 71.46% 51.39% 14.76%
Annualized Return 16.66% 12.27% 3.92%
Annualized Std. Deviation 16.59% 10.40% 8.79%
Correlation -0.26 0.29
Sharpe Ratio (rf=2.5%) 0.85 0.94 0.16
Worst Month -6.72% -6.03% -5.20%
Date of Worst Month 03/2016 08/2015 06/2015
Worst Drawdown -15.83% -8.35% -10.39%
Date of Worst Drawdown 11/15 - 5/16 7/15 - 9/15 3/15 - 1/17
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 08/13 - 02/17
Year or YTD Program SP500 TR Altegris 40
2017 -6.35 5.95 0.86
2016 -6.09 11.98 -3.13
2015 31.30 1.41 0.09
2014 41.75 13.69 15.75
2013 4.75 13.99 3.37
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 08/13 - 02/17
Date: 2/28/2017
Perf: $1,170.10 Date: 1/31/2017
Perf: $1,145.13 Date: 12/31/2016
Perf: $1,160.10 Date: 11/30/2016
Perf: $1,151.35 Date: 10/31/2016
Perf: $1,164.16 Date: 9/30/2016
Perf: $1,194.99 Date: 8/31/2016
Perf: $1,210.60 Date: 7/31/2016
Perf: $1,244.07 Date: 6/30/2016
Perf: $1,231.51 Date: 5/31/2016
Perf: $1,181.30 Date: 4/30/2016
Perf: $1,202.34 Date: 3/31/2016
Perf: $1,233.30 Date: 2/29/2016
Perf: $1,269.74 Date: 1/31/2016
Perf: $1,239.25 Date: 12/31/2015
Perf: $1,197.58 Date: 11/30/2015
Perf: $1,225.77 Date: 10/31/2015
Perf: $1,185.35 Date: 9/30/2015
Perf: $1,206.34 Date: 8/31/2015
Perf: $1,180.72 Date: 7/31/2015
Perf: $1,201.51 Date: 6/30/2015
Perf: $1,156.29 Date: 5/31/2015
Perf: $1,219.72 Date: 4/30/2015
Perf: $1,228.57 Date: 3/31/2015
Perf: $1,277.89 Date: 2/28/2015
Perf: $1,250.26 Date: 1/31/2015
Perf: $1,252.27 Date: 12/31/2014
Perf: $1,196.51 Date: 11/30/2014
Perf: $1,175.81 Date: 10/31/2014
Perf: $1,109.78 Date: 9/30/2014
Perf: $1,093.70 Date: 8/31/2014
Perf: $1,077.65 Date: 7/31/2014
Perf: $1,033.91 Date: 6/30/2014
Perf: $1,042.25 Date: 5/31/2014
Perf: $1,033.36 Date: 4/30/2014
Perf: $1,007.57 Date: 3/31/2014
Perf: $999.97 Date: 2/28/2014
Perf: $1,014.99 Date: 1/31/2014
Perf: $1,006.74 Date: 12/31/2013
Perf: $1,033.72 Date: 11/30/2013
Perf: $1,035.17 Date: 10/31/2013
Perf: $1,016.76 Date: 9/30/2013
Perf: $994.00 Date: 8/31/2013
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,559.11 Date: 1/31/2017
Perf: $1,499.58 Date: 12/31/2016
Perf: $1,471.62 Date: 11/30/2016
Perf: $1,443.04 Date: 10/31/2016
Perf: $1,391.56 Date: 9/30/2016
Perf: $1,417.35 Date: 8/31/2016
Perf: $1,417.07 Date: 7/31/2016
Perf: $1,415.09 Date: 6/30/2016
Perf: $1,364.73 Date: 5/31/2016
Perf: $1,361.19 Date: 4/30/2016
Perf: $1,337.12 Date: 3/31/2016
Perf: $1,331.93 Date: 2/29/2016
Perf: $1,247.36 Date: 1/31/2016
Perf: $1,248.98 Date: 12/31/2015
Perf: $1,314.16 Date: 11/30/2015
Perf: $1,335.26 Date: 10/31/2015
Perf: $1,331.27 Date: 9/30/2015
Perf: $1,227.65 Date: 8/31/2015
Perf: $1,258.74 Date: 7/31/2015
Perf: $1,339.52 Date: 6/30/2015
Perf: $1,311.96 Date: 5/31/2015
Perf: $1,337.92 Date: 4/30/2015
Perf: $1,320.88 Date: 3/31/2015
Perf: $1,308.32 Date: 2/28/2015
Perf: $1,329.32 Date: 1/31/2015
Perf: $1,257.04 Date: 12/31/2014
Perf: $1,295.92 Date: 11/30/2014
Perf: $1,299.17 Date: 10/31/2014
Perf: $1,265.14 Date: 9/30/2014
Perf: $1,235.00 Date: 8/31/2014
Perf: $1,252.54 Date: 7/31/2014
Perf: $1,204.36 Date: 6/30/2014
Perf: $1,221.22 Date: 5/31/2014
Perf: $1,196.45 Date: 4/30/2014
Perf: $1,168.98 Date: 3/31/2014
Perf: $1,160.39 Date: 2/28/2014
Perf: $1,150.73 Date: 1/31/2014
Perf: $1,100.44 Date: 12/31/2013
Perf: $1,139.88 Date: 11/30/2013
Perf: $1,111.75 Date: 10/31/2013
Perf: $1,078.84 Date: 9/30/2013
Perf: $1,031.40 Date: 8/31/2013
Perf: $1,000.00 Date: 2/28/2017
Perf: $1,714.62 Date: 1/31/2017
Perf: $1,819.81 Date: 12/31/2016
Perf: $1,830.97 Date: 11/30/2016
Perf: $1,857.91 Date: 10/31/2016
Perf: $1,845.37 Date: 9/30/2016
Perf: $1,827.28 Date: 8/31/2016
Perf: $1,815.66 Date: 7/31/2016
Perf: $1,817.29 Date: 6/30/2016
Perf: $1,757.88 Date: 5/31/2016
Perf: $1,660.41 Date: 4/30/2016
Perf: $1,691.36 Date: 3/31/2016
Perf: $1,755.80 Date: 2/29/2016
Perf: $1,882.29 Date: 1/31/2016
Perf: $1,890.99 Date: 12/31/2015
Perf: $1,949.67 Date: 11/30/2015
Perf: $1,972.75 Date: 10/31/2015
Perf: $1,722.93 Date: 9/30/2015
Perf: $1,767.11 Date: 8/31/2015
Perf: $1,756.04 Date: 7/31/2015
Perf: $1,683.81 Date: 6/30/2015
Perf: $1,556.20 Date: 5/31/2015
Perf: $1,499.37 Date: 4/30/2015
Perf: $1,460.95 Date: 3/31/2015
Perf: $1,538.33 Date: 2/28/2015
Perf: $1,497.01 Date: 1/31/2015
Perf: $1,528.97 Date: 12/31/2014
Perf: $1,484.87 Date: 11/30/2014
Perf: $1,426.11 Date: 10/31/2014
Perf: $1,360.92 Date: 9/30/2014
Perf: $1,383.89 Date: 8/31/2014
Perf: $1,182.11 Date: 7/31/2014
Perf: $1,219.42 Date: 6/30/2014
Perf: $1,157.28 Date: 5/31/2014
Perf: $1,135.48 Date: 4/30/2014
Perf: $1,130.50 Date: 3/31/2014
Perf: $1,203.69 Date: 2/28/2014
Perf: $1,113.08 Date: 1/31/2014
Perf: $1,057.36 Date: 12/31/2013
Perf: $1,047.51 Date: 11/30/2013
Perf: $1,039.51 Date: 10/31/2013
Perf: $1,006.01 Date: 9/30/2013
Perf: $1,001.80 Date: 8/31/2013
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 08/13 - 02/17
Date: 2/28/2017
Return: -5.78 % Date: 1/31/2017
Return: -0.61 % Date: 12/31/2016
Return: -1.45 % Date: 11/30/2016
Return: 0.68 % Date: 10/31/2016
Return: 0.99 % Date: 9/30/2016
Return: 0.64 % Date: 8/31/2016
Return: -0.09 % Date: 7/31/2016
Return: 3.38 % Date: 6/30/2016
Return: 5.87 % Date: 5/31/2016
Return: -1.83 % Date: 4/30/2016
Return: -3.67 % Date: 3/31/2016
Return: -6.72 % Date: 2/29/2016
Return: -0.46 % Date: 1/31/2016
Return: -3.01 % Date: 12/31/2015
Return: -1.17 % Date: 11/30/2015
Return: 14.50 % Date: 10/31/2015
Return: -2.50 % Date: 9/30/2015
Return: 0.63 % Date: 8/31/2015
Return: 4.29 % Date: 7/31/2015
Return: 8.20 % Date: 6/30/2015
Return: 3.79 % Date: 5/31/2015
Return: 2.63 % Date: 4/30/2015
Return: -5.03 % Date: 3/31/2015
Return: 2.76 % Date: 2/28/2015
Return: -2.09 % Date: 1/31/2015
Return: 2.97 % Date: 12/31/2014
Return: 4.12 % Date: 11/30/2014
Return: 4.79 % Date: 10/31/2014
Return: -1.66 % Date: 9/30/2014
Return: 17.07 % Date: 8/31/2014
Return: -3.06 % Date: 7/31/2014
Return: 5.37 % Date: 6/30/2014
Return: 1.92 % Date: 5/31/2014
Return: 0.44 % Date: 4/30/2014
Return: -6.08 % Date: 3/31/2014
Return: 8.14 % Date: 2/28/2014
Return: 5.27 % Date: 1/31/2014
Return: 0.94 % Date: 12/31/2013
Return: 0.77 % Date: 11/30/2013
Return: 3.33 % Date: 10/31/2013
Return: 0.42 % Date: 9/30/2013
Return: 0.18 % Date: 8/31/2013
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 08/13 - 02/17
Return: 6.00 %
Count: 1 Return: -4.00 %
Count: 1 Return: -7.00 %
Count: 1 Return: -1.00 %
Count: 3 Return: 14.00 %
Count: 1 Return: -5.00 %
Count: 1 Return: 4.00 %
Count: 3 Return: -2.00 %
Count: 4 Return: 17.00 %
Count: 1 Return: -3.00 %
Count: 2 Return: 2.00 %
Count: 1 Return: -6.00 %
Count: 2 Return: 8.00 %
Count: 2 Return: 5.00 %
Count: 3 Return: 1.00 %
Count: 6 Return: 3.00 %
Count: 5 Return: 0.00 %
Count: 6
Note: All performance data is since program inception.

Underwater Curve
Date Range: 08/13 - 02/17
Date: 2/28/2017
Drawdown: -13.08 % Date: 1/31/2017
Drawdown: -7.75 % Date: 12/31/2016
Drawdown: -7.19 % Date: 11/30/2016
Drawdown: -5.82 % Date: 10/31/2016
Drawdown: -6.46 % Date: 9/30/2016
Drawdown: -7.37 % Date: 8/31/2016
Drawdown: -7.96 % Date: 7/31/2016
Drawdown: -7.88 % Date: 6/30/2016
Drawdown: -10.89 % Date: 5/31/2016
Drawdown: -15.83 % Date: 4/30/2016
Drawdown: -14.26 % Date: 3/31/2016
Drawdown: -11.00 % Date: 2/29/2016
Drawdown: -4.59 % Date: 1/31/2016
Drawdown: -4.14 % Date: 12/31/2015
Drawdown: -1.17 % Date: 11/30/2015
Drawdown: 0.00 % Date: 10/31/2015
Drawdown: -2.50 % Date: 9/30/2015
Drawdown: 0.00 % Date: 8/31/2015
Drawdown: 0.00 % Date: 7/31/2015
Drawdown: 0.00 % Date: 6/30/2015
Drawdown: 0.00 % Date: 5/31/2015
Drawdown: -2.53 % Date: 4/30/2015
Drawdown: -5.03 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: -2.09 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -1.66 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: -3.06 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: -3.86 % Date: 5/31/2014
Drawdown: -5.67 % Date: 4/30/2014
Drawdown: -6.08 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: 0.00 % Date: 1/31/2014
Drawdown: 0.00 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: 0.00 % Date: 9/30/2013
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Red Rock Capital, LLC
Address: 5000 Birch Street, Suite 3000
City: Newport Beach
State: CA
Zip: 92660
Country: USA
Key People
Name:  Thomas N. Rollinger
Position:  Chief Investment Officer
Biography: 

Mr. Rollinger graduated with a Bachelor of Science degree in Finance with an Economics minor from Western Michigan University in 1993.Effective March 27, 2013, Mr. Rollinger is registered with the CFTC as an Associated Person and a listed principal of the firm. Effective April 25, 2013 Mr. Rollinger is an Associated Member of the NFA.


Name:  Scott Hoffman
Position:  Principal
Biography: 

Mr. Hoffman graduated Cum Laude with a Bachelor of Science degree in Electrical Engineering from Brigham Young University in April 1987. Effective March 18, 2013, Mr. Hoffman is a listed principal of the firm. Effective March 27, 2013, Mr. Hoffman is registered with the CFTC as an Associated Person. Effective April 25, 2013, Mr. Hoffman is an Associated Member of the NFA.


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.