Altegris Clearing Solutions NickJen Capital Management & Consultants Natural Resource Discretionary Program - NDR1 *QEP*
Monthly Performance (%)
Date Range: 03/08 - 04/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.28 0.24 0.26 0.17 0.95
2016 0.03 0.26 -0.41 0.07 0.03 -0.16 -0.05 0.41 0.45 -0.32 0.40 -1.11 -0.41
2015 2.15 -0.69 0.53 -0.78 0.14 0.29 1.12 0.15 -0.41 -0.54 -0.69 0.60 1.84
2014 -1.40 -0.93 2.06 0.34 0.14 0.04 -0.45 1.03 -0.54 0.69 0.23 0.46 1.64
2013 -1.96 2.35 0.36 1.17 -1.56 1.00 1.23 1.96 1.40 -3.19 -0.45 0.42 2.60
2012 -0.90 0.91 -1.21 -0.90 2.16 0.13 1.48 0.93 1.56 -0.52 0.59 0.79 5.07
2011 -1.71 1.15 1.35 -0.29 -0.55 -0.70 0.11 0.39 2.94 -2.27 -0.05 -0.01 0.26
2010 1.46 -0.38 0.80 0.07 -0.70 1.48 1.99 0.44 2.10 1.42 1.11 2.74 13.21
2009 0.15 -0.27 -1.38 0.10 2.32 0.24 -0.48 -0.89 0.74 -0.23 -0.15 -0.69 -0.59
2008 -0.08 -0.18 1.10 0.21 1.12 -0.42 2.28 -0.69 0.93 4.31
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The “Program” (Multi Manager) launched in January 2008, initially trading proprietary assets until April 2008 when it began trading client funds. The “Program” was traded at Atlantic Capital Advisors from inception until February 2014. In April 2014 Nicholas Gentile established NickJen Capital Management and renamed the program the Natural Resource Program – NRD-1. The NRD-1 is a Natural Resource, commodity only program that utilizes both fundamental and technical analysis, with the ultimate trading decisions based on fundamentals. 70% of the portfolio strategy focuses on the Agricultural and Soft markets and the remaining balance is composed of the Energy, Meat and Metal sectors. Trading decisions are developed through highly extensive, statistically based analysis, review of supply and demand conditions, inventory levels, weather developments and forecasts and economic trends and reports. This in conjunction with the managers in depth knowledge of markets and physical commodity trading experience is also strengthened by a vast network of industry contacts developed over 25 plus years. The program incorporates flat price directional trading composed of intraday, medium and long term trades in congruence with relative value trades consisting of inter commodity strategies, Arbs and both seasonal and calendar spreads. Trades are outright futures positions and a small percentage of the time structural futures and option trades. NickJen Capital employs strict risk parameters which are monitored in real time through the company’s internal risk management system and electronic trading platforms. The company’s Chief Risk Officer regulates and administers the internal system. We also utilize a fully integrated and scalable risk system and have a strong focus on operations and controls.

Performance Statistics
Date Range: 03/08 - 04/17
  Program SP500 TR Altegris 40
Total Return 32.05% 118.69% 9.59%
Annualized Return 3.11% 8.91% 1.00%
Annualized Std. Deviation 3.71% 15.42% 8.86%
Correlation -0.17 0.22
Sharpe Ratio (rf=2.5%) 0.16 0.42 -0.17
Worst Month -3.19% -16.79% -5.20%
Date of Worst Month 10/2013 10/2008 06/2015
Worst Drawdown -5.46% -46.41% -15.74%
Date of Worst Drawdown 9/13 - 2/14 5/08 - 2/09 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 03/08 - 04/17
Year or YTD Program SP500 TR Altegris 40
2017 0.95 7.17 -1.21
2016 -0.41 11.98 -3.13
2015 1.84 1.41 0.09
2014 1.64 13.69 15.75
2013 2.60 32.41 -2.45
2012 5.07 15.98 -4.75
2011 0.26 2.12 -3.23
2010 13.21 15.06 11.33
2009 -0.59 26.45 -7.98
2008 4.31 -30.42 7.77
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 03/08 - 04/17
Date: 4/30/2017
Perf: $1,100.75 Date: 3/31/2017
Perf: $1,107.40 Date: 2/28/2017
Perf: $1,123.81 Date: 1/31/2017
Perf: $1,099.83 Date: 12/31/2016
Perf: $1,114.20 Date: 11/30/2016
Perf: $1,105.80 Date: 10/31/2016
Perf: $1,118.10 Date: 9/30/2016
Perf: $1,147.71 Date: 8/31/2016
Perf: $1,162.71 Date: 7/31/2016
Perf: $1,194.85 Date: 6/30/2016
Perf: $1,182.79 Date: 5/31/2016
Perf: $1,134.57 Date: 4/30/2016
Perf: $1,154.77 Date: 3/31/2016
Perf: $1,184.51 Date: 2/29/2016
Perf: $1,219.51 Date: 1/31/2016
Perf: $1,190.23 Date: 12/31/2015
Perf: $1,150.20 Date: 11/30/2015
Perf: $1,177.28 Date: 10/31/2015
Perf: $1,138.46 Date: 9/30/2015
Perf: $1,158.61 Date: 8/31/2015
Perf: $1,134.01 Date: 7/31/2015
Perf: $1,153.97 Date: 6/30/2015
Perf: $1,110.55 Date: 5/31/2015
Perf: $1,171.46 Date: 4/30/2015
Perf: $1,179.96 Date: 3/31/2015
Perf: $1,227.34 Date: 2/28/2015
Perf: $1,200.80 Date: 1/31/2015
Perf: $1,202.72 Date: 12/31/2014
Perf: $1,149.17 Date: 11/30/2014
Perf: $1,129.30 Date: 10/31/2014
Perf: $1,065.88 Date: 9/30/2014
Perf: $1,050.43 Date: 8/31/2014
Perf: $1,035.01 Date: 7/31/2014
Perf: $993.01 Date: 6/30/2014
Perf: $1,001.02 Date: 5/31/2014
Perf: $992.48 Date: 4/30/2014
Perf: $967.71 Date: 3/31/2014
Perf: $960.41 Date: 2/28/2014
Perf: $974.84 Date: 1/31/2014
Perf: $966.91 Date: 12/31/2013
Perf: $992.82 Date: 11/30/2013
Perf: $994.21 Date: 10/31/2013
Perf: $976.54 Date: 9/30/2013
Perf: $954.67 Date: 8/31/2013
Perf: $960.44 Date: 7/31/2013
Perf: $979.24 Date: 6/30/2013
Perf: $987.83 Date: 5/31/2013
Perf: $1,026.75 Date: 4/30/2013
Perf: $1,072.88 Date: 3/31/2013
Perf: $1,045.90 Date: 2/28/2013
Perf: $1,031.05 Date: 1/31/2013
Perf: $1,037.06 Date: 12/31/2012
Perf: $1,017.73 Date: 11/30/2012
Perf: $1,012.76 Date: 10/31/2012
Perf: $1,009.94 Date: 9/30/2012
Perf: $1,047.87 Date: 8/31/2012
Perf: $1,065.45 Date: 7/31/2012
Perf: $1,080.14 Date: 6/30/2012
Perf: $1,037.70 Date: 5/31/2012
Perf: $1,078.24 Date: 4/30/2012
Perf: $1,058.13 Date: 3/31/2012
Perf: $1,051.82 Date: 2/29/2012
Perf: $1,076.25 Date: 1/31/2012
Perf: $1,071.86 Date: 12/31/2011
Perf: $1,068.44 Date: 11/30/2011
Perf: $1,058.28 Date: 10/31/2011
Perf: $1,055.12 Date: 9/30/2011
Perf: $1,098.62 Date: 8/31/2011
Perf: $1,099.28 Date: 7/31/2011
Perf: $1,101.48 Date: 6/30/2011
Perf: $1,063.31 Date: 5/31/2011
Perf: $1,091.70 Date: 4/30/2011
Perf: $1,133.05 Date: 3/31/2011
Perf: $1,090.52 Date: 2/28/2011
Perf: $1,107.47 Date: 1/31/2011
Perf: $1,088.95 Date: 12/31/2010
Perf: $1,104.08 Date: 11/30/2010
Perf: $1,058.66 Date: 10/31/2010
Perf: $1,097.52 Date: 9/30/2010
Perf: $1,056.52 Date: 8/31/2010
Perf: $1,037.64 Date: 7/31/2010
Perf: $996.39 Date: 6/30/2010
Perf: $1,009.41 Date: 5/31/2010
Perf: $1,005.59 Date: 4/30/2010
Perf: $1,030.53 Date: 3/31/2010
Perf: $1,014.90 Date: 2/28/2010
Perf: $976.14 Date: 1/31/2010
Perf: $967.05 Date: 12/31/2009
Perf: $991.75 Date: 11/30/2009
Perf: $1,033.07 Date: 10/31/2009
Perf: $993.05 Date: 9/30/2009
Perf: $1,019.14 Date: 8/31/2009
Perf: $995.45 Date: 7/31/2009
Perf: $992.17 Date: 6/30/2009
Perf: $993.27 Date: 5/31/2009
Perf: $1,020.41 Date: 4/30/2009
Perf: $1,006.52 Date: 3/31/2009
Perf: $1,040.55 Date: 2/28/2009
Perf: $1,070.19 Date: 1/31/2009
Perf: $1,070.73 Date: 12/31/2008
Perf: $1,077.73 Date: 11/30/2008
Perf: $1,050.73 Date: 10/31/2008
Perf: $1,013.53 Date: 9/30/2008
Perf: $963.89 Date: 8/31/2008
Perf: $961.87 Date: 7/31/2008
Perf: $988.26 Date: 6/30/2008
Perf: $1,035.80 Date: 5/31/2008
Perf: $1,008.86 Date: 4/30/2008
Perf: $988.50 Date: 3/31/2008
Perf: $1,000.00 Date: 4/30/2017
Perf: $2,196.38 Date: 3/31/2017
Perf: $2,173.99 Date: 2/28/2017
Perf: $2,171.38 Date: 1/31/2017
Perf: $2,088.47 Date: 12/31/2016
Perf: $2,049.53 Date: 11/30/2016
Perf: $2,009.73 Date: 10/31/2016
Perf: $1,938.03 Date: 9/30/2016
Perf: $1,973.95 Date: 8/31/2016
Perf: $1,973.56 Date: 7/31/2016
Perf: $1,970.80 Date: 6/30/2016
Perf: $1,900.67 Date: 5/31/2016
Perf: $1,895.74 Date: 4/30/2016
Perf: $1,862.22 Date: 3/31/2016
Perf: $1,854.98 Date: 2/29/2016
Perf: $1,737.20 Date: 1/31/2016
Perf: $1,739.46 Date: 12/31/2015
Perf: $1,830.24 Date: 11/30/2015
Perf: $1,859.62 Date: 10/31/2015
Perf: $1,854.06 Date: 9/30/2015
Perf: $1,709.76 Date: 8/31/2015
Perf: $1,753.06 Date: 7/31/2015
Perf: $1,865.55 Date: 6/30/2015
Perf: $1,827.18 Date: 5/31/2015
Perf: $1,863.33 Date: 4/30/2015
Perf: $1,839.60 Date: 3/31/2015
Perf: $1,822.11 Date: 2/28/2015
Perf: $1,851.36 Date: 1/31/2015
Perf: $1,750.69 Date: 12/31/2014
Perf: $1,804.84 Date: 11/30/2014
Perf: $1,809.36 Date: 10/31/2014
Perf: $1,761.96 Date: 9/30/2014
Perf: $1,720.00 Date: 8/31/2014
Perf: $1,744.42 Date: 7/31/2014
Perf: $1,677.32 Date: 6/30/2014
Perf: $1,700.80 Date: 5/31/2014
Perf: $1,666.30 Date: 4/30/2014
Perf: $1,628.04 Date: 3/31/2014
Perf: $1,616.09 Date: 2/28/2014
Perf: $1,602.62 Date: 1/31/2014
Perf: $1,532.58 Date: 12/31/2013
Perf: $1,587.51 Date: 11/30/2013
Perf: $1,548.34 Date: 10/31/2013
Perf: $1,502.51 Date: 9/30/2013
Perf: $1,436.44 Date: 8/31/2013
Perf: $1,392.71 Date: 7/31/2013
Perf: $1,434.30 Date: 6/30/2013
Perf: $1,364.83 Date: 5/31/2013
Perf: $1,383.37 Date: 4/30/2013
Perf: $1,351.74 Date: 3/31/2013
Perf: $1,326.14 Date: 2/28/2013
Perf: $1,278.21 Date: 1/31/2013
Perf: $1,261.06 Date: 12/31/2012
Perf: $1,198.95 Date: 11/30/2012
Perf: $1,188.14 Date: 10/31/2012
Perf: $1,181.29 Date: 9/30/2012
Perf: $1,203.56 Date: 8/31/2012
Perf: $1,173.28 Date: 7/31/2012
Perf: $1,147.47 Date: 6/30/2012
Perf: $1,131.74 Date: 5/31/2012
Perf: $1,086.95 Date: 4/30/2012
Perf: $1,156.46 Date: 3/31/2012
Perf: $1,163.79 Date: 2/29/2012
Perf: $1,126.72 Date: 1/31/2012
Perf: $1,080.06 Date: 12/31/2011
Perf: $1,033.75 Date: 11/30/2011
Perf: $1,023.31 Date: 10/31/2011
Perf: $1,025.57 Date: 9/30/2011
Perf: $924.52 Date: 8/31/2011
Perf: $994.43 Date: 7/31/2011
Perf: $1,051.52 Date: 6/30/2011
Perf: $1,073.31 Date: 5/31/2011
Perf: $1,091.54 Date: 4/30/2011
Perf: $1,104.02 Date: 3/31/2011
Perf: $1,072.28 Date: 2/28/2011
Perf: $1,071.85 Date: 1/31/2011
Perf: $1,036.30 Date: 12/31/2010
Perf: $1,012.31 Date: 11/30/2010
Perf: $948.92 Date: 10/31/2010
Perf: $948.83 Date: 9/30/2010
Perf: $914.00 Date: 8/31/2010
Perf: $839.15 Date: 7/31/2010
Perf: $878.78 Date: 6/30/2010
Perf: $821.22 Date: 5/31/2010
Perf: $866.54 Date: 4/30/2010
Perf: $941.79 Date: 3/31/2010
Perf: $927.14 Date: 2/28/2010
Perf: $874.41 Date: 1/31/2010
Perf: $848.12 Date: 12/31/2009
Perf: $879.79 Date: 11/30/2009
Perf: $863.13 Date: 10/31/2009
Perf: $814.28 Date: 9/30/2009
Perf: $829.71 Date: 8/31/2009
Perf: $799.87 Date: 7/31/2009
Perf: $772.00 Date: 6/30/2009
Perf: $717.74 Date: 5/31/2009
Perf: $716.31 Date: 4/30/2009
Perf: $678.39 Date: 3/31/2009
Perf: $619.14 Date: 2/28/2009
Perf: $569.27 Date: 1/31/2009
Perf: $637.12 Date: 12/31/2008
Perf: $695.78 Date: 11/30/2008
Perf: $688.48 Date: 10/31/2008
Perf: $741.73 Date: 9/30/2008
Perf: $891.40 Date: 8/31/2008
Perf: $978.59 Date: 7/31/2008
Perf: $964.61 Date: 6/30/2008
Perf: $972.78 Date: 5/31/2008
Perf: $1,062.33 Date: 4/30/2008
Perf: $1,048.70 Date: 3/31/2008
Perf: $1,000.00 Date: 4/30/2017
Perf: $1,320.48 Date: 3/31/2017
Perf: $1,318.24 Date: 2/28/2017
Perf: $1,314.82 Date: 1/31/2017
Perf: $1,311.68 Date: 12/31/2016
Perf: $1,308.01 Date: 11/30/2016
Perf: $1,322.70 Date: 10/31/2016
Perf: $1,317.43 Date: 9/30/2016
Perf: $1,321.65 Date: 8/31/2016
Perf: $1,315.73 Date: 7/31/2016
Perf: $1,310.36 Date: 6/30/2016
Perf: $1,311.02 Date: 5/31/2016
Perf: $1,313.12 Date: 4/30/2016
Perf: $1,312.72 Date: 3/31/2016
Perf: $1,311.81 Date: 2/29/2016
Perf: $1,317.21 Date: 1/31/2016
Perf: $1,313.79 Date: 12/31/2015
Perf: $1,313.40 Date: 11/30/2015
Perf: $1,305.56 Date: 10/31/2015
Perf: $1,314.63 Date: 9/30/2015
Perf: $1,321.77 Date: 8/31/2015
Perf: $1,327.21 Date: 7/31/2015
Perf: $1,325.23 Date: 6/30/2015
Perf: $1,310.55 Date: 5/31/2015
Perf: $1,306.76 Date: 4/30/2015
Perf: $1,304.93 Date: 3/31/2015
Perf: $1,315.19 Date: 2/28/2015
Perf: $1,308.26 Date: 1/31/2015
Perf: $1,317.35 Date: 12/31/2014
Perf: $1,289.62 Date: 11/30/2014
Perf: $1,283.71 Date: 10/31/2014
Perf: $1,280.77 Date: 9/30/2014
Perf: $1,271.99 Date: 8/31/2014
Perf: $1,278.90 Date: 7/31/2014
Perf: $1,265.86 Date: 6/30/2014
Perf: $1,271.58 Date: 5/31/2014
Perf: $1,271.07 Date: 4/30/2014
Perf: $1,269.30 Date: 3/31/2014
Perf: $1,264.99 Date: 2/28/2014
Perf: $1,239.46 Date: 1/31/2014
Perf: $1,251.10 Date: 12/31/2013
Perf: $1,268.86 Date: 11/30/2013
Perf: $1,263.55 Date: 10/31/2013
Perf: $1,269.27 Date: 9/30/2013
Perf: $1,311.09 Date: 8/31/2013
Perf: $1,292.99 Date: 7/31/2013
Perf: $1,268.13 Date: 6/30/2013
Perf: $1,252.72 Date: 5/31/2013
Perf: $1,240.32 Date: 4/30/2013
Perf: $1,259.98 Date: 3/31/2013
Perf: $1,245.40 Date: 2/28/2013
Perf: $1,240.94 Date: 1/31/2013
Perf: $1,212.44 Date: 12/31/2012
Perf: $1,236.68 Date: 11/30/2012
Perf: $1,226.99 Date: 10/31/2012
Perf: $1,219.79 Date: 9/30/2012
Perf: $1,226.17 Date: 8/31/2012
Perf: $1,207.34 Date: 7/31/2012
Perf: $1,196.21 Date: 6/30/2012
Perf: $1,178.76 Date: 5/31/2012
Perf: $1,177.23 Date: 4/30/2012
Perf: $1,152.34 Date: 3/31/2012
Perf: $1,162.81 Date: 2/29/2012
Perf: $1,177.05 Date: 1/31/2012
Perf: $1,166.44 Date: 12/31/2011
Perf: $1,177.03 Date: 11/30/2011
Perf: $1,177.15 Date: 10/31/2011
Perf: $1,177.74 Date: 9/30/2011
Perf: $1,205.09 Date: 8/31/2011
Perf: $1,170.67 Date: 7/31/2011
Perf: $1,166.13 Date: 6/30/2011
Perf: $1,164.85 Date: 5/31/2011
Perf: $1,173.06 Date: 4/30/2011
Perf: $1,179.54 Date: 3/31/2011
Perf: $1,182.97 Date: 2/28/2011
Perf: $1,167.22 Date: 1/31/2011
Perf: $1,153.95 Date: 12/31/2010
Perf: $1,174.02 Date: 11/30/2010
Perf: $1,142.71 Date: 10/31/2010
Perf: $1,130.17 Date: 9/30/2010
Perf: $1,114.34 Date: 8/31/2010
Perf: $1,091.42 Date: 7/31/2010
Perf: $1,086.64 Date: 6/30/2010
Perf: $1,065.44 Date: 5/31/2010
Perf: $1,049.90 Date: 4/30/2010
Perf: $1,057.30 Date: 3/31/2010
Perf: $1,056.56 Date: 2/28/2010
Perf: $1,048.18 Date: 1/31/2010
Perf: $1,052.18 Date: 12/31/2009
Perf: $1,037.04 Date: 11/30/2009
Perf: $1,044.24 Date: 10/31/2009
Perf: $1,045.81 Date: 9/30/2009
Perf: $1,048.22 Date: 8/31/2009
Perf: $1,040.52 Date: 7/31/2009
Perf: $1,049.86 Date: 6/30/2009
Perf: $1,054.93 Date: 5/31/2009
Perf: $1,052.40 Date: 4/30/2009
Perf: $1,028.54 Date: 3/31/2009
Perf: $1,027.51 Date: 2/28/2009
Perf: $1,041.89 Date: 1/31/2009
Perf: $1,044.71 Date: 12/31/2008
Perf: $1,043.15 Date: 11/30/2008
Perf: $1,033.53 Date: 10/31/2008
Perf: $1,040.72 Date: 9/30/2008
Perf: $1,017.52 Date: 8/31/2008
Perf: $1,021.81 Date: 7/31/2008
Perf: $1,010.49 Date: 6/30/2008
Perf: $1,008.37 Date: 5/31/2008
Perf: $997.40 Date: 4/30/2008
Perf: $999.20 Date: 3/31/2008
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 03/08 - 04/17
Date: 4/30/2017
Return: 0.17 % Date: 3/31/2017
Return: 0.26 % Date: 2/28/2017
Return: 0.24 % Date: 1/31/2017
Return: 0.28 % Date: 12/31/2016
Return: -1.11 % Date: 11/30/2016
Return: 0.40 % Date: 10/31/2016
Return: -0.32 % Date: 9/30/2016
Return: 0.45 % Date: 8/31/2016
Return: 0.41 % Date: 7/31/2016
Return: -0.05 % Date: 6/30/2016
Return: -0.16 % Date: 5/31/2016
Return: 0.03 % Date: 4/30/2016
Return: 0.07 % Date: 3/31/2016
Return: -0.41 % Date: 2/29/2016
Return: 0.26 % Date: 1/31/2016
Return: 0.03 % Date: 12/31/2015
Return: 0.60 % Date: 11/30/2015
Return: -0.69 % Date: 10/31/2015
Return: -0.54 % Date: 9/30/2015
Return: -0.41 % Date: 8/31/2015
Return: 0.15 % Date: 7/31/2015
Return: 1.12 % Date: 6/30/2015
Return: 0.29 % Date: 5/31/2015
Return: 0.14 % Date: 4/30/2015
Return: -0.78 % Date: 3/31/2015
Return: 0.53 % Date: 2/28/2015
Return: -0.69 % Date: 1/31/2015
Return: 2.15 % Date: 12/31/2014
Return: 0.46 % Date: 11/30/2014
Return: 0.23 % Date: 10/31/2014
Return: 0.69 % Date: 9/30/2014
Return: -0.54 % Date: 8/31/2014
Return: 1.03 % Date: 7/31/2014
Return: -0.45 % Date: 6/30/2014
Return: 0.04 % Date: 5/31/2014
Return: 0.14 % Date: 4/30/2014
Return: 0.34 % Date: 3/31/2014
Return: 2.06 % Date: 2/28/2014
Return: -0.93 % Date: 1/31/2014
Return: -1.40 % Date: 12/31/2013
Return: 0.42 % Date: 11/30/2013
Return: -0.45 % Date: 10/31/2013
Return: -3.19 % Date: 9/30/2013
Return: 1.40 % Date: 8/31/2013
Return: 1.96 % Date: 7/31/2013
Return: 1.23 % Date: 6/30/2013
Return: 1.00 % Date: 5/31/2013
Return: -1.56 % Date: 4/30/2013
Return: 1.17 % Date: 3/31/2013
Return: 0.36 % Date: 2/28/2013
Return: 2.35 % Date: 1/31/2013
Return: -1.96 % Date: 12/31/2012
Return: 0.79 % Date: 11/30/2012
Return: 0.59 % Date: 10/31/2012
Return: -0.52 % Date: 9/30/2012
Return: 1.56 % Date: 8/31/2012
Return: 0.93 % Date: 7/31/2012
Return: 1.48 % Date: 6/30/2012
Return: 0.13 % Date: 5/31/2012
Return: 2.16 % Date: 4/30/2012
Return: -0.90 % Date: 3/31/2012
Return: -1.21 % Date: 2/29/2012
Return: 0.91 % Date: 1/31/2012
Return: -0.90 % Date: 12/31/2011
Return: -0.01 % Date: 11/30/2011
Return: -0.05 % Date: 10/31/2011
Return: -2.27 % Date: 9/30/2011
Return: 2.94 % Date: 8/31/2011
Return: 0.39 % Date: 7/31/2011
Return: 0.11 % Date: 6/30/2011
Return: -0.70 % Date: 5/31/2011
Return: -0.55 % Date: 4/30/2011
Return: -0.29 % Date: 3/31/2011
Return: 1.35 % Date: 2/28/2011
Return: 1.15 % Date: 1/31/2011
Return: -1.71 % Date: 12/31/2010
Return: 2.74 % Date: 11/30/2010
Return: 1.11 % Date: 10/31/2010
Return: 1.42 % Date: 9/30/2010
Return: 2.10 % Date: 8/31/2010
Return: 0.44 % Date: 7/31/2010
Return: 1.99 % Date: 6/30/2010
Return: 1.48 % Date: 5/31/2010
Return: -0.70 % Date: 4/30/2010
Return: 0.07 % Date: 3/31/2010
Return: 0.80 % Date: 2/28/2010
Return: -0.38 % Date: 1/31/2010
Return: 1.46 % Date: 12/31/2009
Return: -0.69 % Date: 11/30/2009
Return: -0.15 % Date: 10/31/2009
Return: -0.23 % Date: 9/30/2009
Return: 0.74 % Date: 8/31/2009
Return: -0.89 % Date: 7/31/2009
Return: -0.48 % Date: 6/30/2009
Return: 0.24 % Date: 5/31/2009
Return: 2.32 % Date: 4/30/2009
Return: 0.10 % Date: 3/31/2009
Return: -1.38 % Date: 2/28/2009
Return: -0.27 % Date: 1/31/2009
Return: 0.15 % Date: 12/31/2008
Return: 0.93 % Date: 11/30/2008
Return: -0.69 % Date: 10/31/2008
Return: 2.28 % Date: 9/30/2008
Return: -0.42 % Date: 8/31/2008
Return: 1.12 % Date: 7/31/2008
Return: 0.21 % Date: 6/30/2008
Return: 1.10 % Date: 5/31/2008
Return: -0.18 % Date: 4/30/2008
Return: -0.08 % Date: 3/31/2008
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 03/08 - 04/17
Return: -3.00 %
Count: 1 Return: -2.00 %
Count: 4 Return: 3.00 %
Count: 2 Return: -1.00 %
Count: 19 Return: 2.00 %
Count: 10 Return: 1.00 %
Count: 25 Return: 0.00 %
Count: 49
Note: All performance data is since program inception.

Underwater Curve
Date Range: 03/08 - 04/17
Date: 4/30/2017
Drawdown: -0.51 % Date: 3/31/2017
Drawdown: -0.68 % Date: 2/28/2017
Drawdown: -0.93 % Date: 1/31/2017
Drawdown: -1.17 % Date: 12/31/2016
Drawdown: -1.45 % Date: 11/30/2016
Drawdown: -0.34 % Date: 10/31/2016
Drawdown: -0.74 % Date: 9/30/2016
Drawdown: -0.42 % Date: 8/31/2016
Drawdown: -0.86 % Date: 7/31/2016
Drawdown: -1.27 % Date: 6/30/2016
Drawdown: -1.22 % Date: 5/31/2016
Drawdown: -1.06 % Date: 4/30/2016
Drawdown: -1.09 % Date: 3/31/2016
Drawdown: -1.16 % Date: 2/29/2016
Drawdown: -0.75 % Date: 1/31/2016
Drawdown: -1.01 % Date: 12/31/2015
Drawdown: -1.04 % Date: 11/30/2015
Drawdown: -1.63 % Date: 10/31/2015
Drawdown: -0.95 % Date: 9/30/2015
Drawdown: -0.41 % Date: 8/31/2015
Drawdown: 0.00 % Date: 7/31/2015
Drawdown: 0.00 % Date: 6/30/2015
Drawdown: -0.52 % Date: 5/31/2015
Drawdown: -0.80 % Date: 4/30/2015
Drawdown: -0.94 % Date: 3/31/2015
Drawdown: -0.16 % Date: 2/28/2015
Drawdown: -0.69 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -1.64 % Date: 11/30/2014
Drawdown: -2.09 % Date: 10/31/2014
Drawdown: -2.31 % Date: 9/30/2014
Drawdown: -2.98 % Date: 8/31/2014
Drawdown: -2.46 % Date: 7/31/2014
Drawdown: -3.45 % Date: 6/30/2014
Drawdown: -3.01 % Date: 5/31/2014
Drawdown: -3.05 % Date: 4/30/2014
Drawdown: -3.19 % Date: 3/31/2014
Drawdown: -3.52 % Date: 2/28/2014
Drawdown: -5.46 % Date: 1/31/2014
Drawdown: -4.58 % Date: 12/31/2013
Drawdown: -3.22 % Date: 11/30/2013
Drawdown: -3.63 % Date: 10/31/2013
Drawdown: -3.19 % Date: 9/30/2013
Drawdown: 0.00 % Date: 8/31/2013
Drawdown: 0.00 % Date: 7/31/2013
Drawdown: 0.00 % Date: 6/30/2013
Drawdown: -0.58 % Date: 5/31/2013
Drawdown: -1.56 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: 0.00 % Date: 2/28/2013
Drawdown: 0.00 % Date: 1/31/2013
Drawdown: -1.96 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: -0.52 % Date: 9/30/2012
Drawdown: 0.00 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: -0.74 % Date: 6/30/2012
Drawdown: -2.18 % Date: 5/31/2012
Drawdown: -2.31 % Date: 4/30/2012
Drawdown: -4.38 % Date: 3/31/2012
Drawdown: -3.51 % Date: 2/29/2012
Drawdown: -2.33 % Date: 1/31/2012
Drawdown: -3.21 % Date: 12/31/2011
Drawdown: -2.33 % Date: 11/30/2011
Drawdown: -2.32 % Date: 10/31/2011
Drawdown: -2.27 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -1.04 % Date: 7/31/2011
Drawdown: -1.42 % Date: 6/30/2011
Drawdown: -1.53 % Date: 5/31/2011
Drawdown: -0.84 % Date: 4/30/2011
Drawdown: -0.29 % Date: 3/31/2011
Drawdown: 0.00 % Date: 2/28/2011
Drawdown: -0.58 % Date: 1/31/2011
Drawdown: -1.71 % 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: 0.00 % Date: 5/31/2010
Drawdown: -0.70 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: 0.00 % Date: 2/28/2010
Drawdown: -0.64 % Date: 1/31/2010
Drawdown: -0.26 % Date: 12/31/2009
Drawdown: -1.70 % Date: 11/30/2009
Drawdown: -1.01 % Date: 10/31/2009
Drawdown: -0.86 % Date: 9/30/2009
Drawdown: -0.64 % Date: 8/31/2009
Drawdown: -1.37 % Date: 7/31/2009
Drawdown: -0.48 % Date: 6/30/2009
Drawdown: 0.00 % Date: 5/31/2009
Drawdown: 0.00 % Date: 4/30/2009
Drawdown: -1.55 % Date: 3/31/2009
Drawdown: -1.65 % Date: 2/28/2009
Drawdown: -0.27 % Date: 1/31/2009
Drawdown: 0.00 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: -0.69 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: -0.42 % Date: 8/31/2008
Drawdown: 0.00 % Date: 7/31/2008
Drawdown: 0.00 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: -0.26 % Date: 4/30/2008
Drawdown: -0.08 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  NickJen Capital Management & Consultants
Address: 500 Riga Street
City: Staten Island
State: NY
Zip: 10326
Country: United States
Key People
Name:  Nicholas Gentile
Position:  Principal
Biography: 

In 1988, Mr. Gentile began his career in commodities on the trading floor of the Coffee, Sugar and Cocoa Exchange (“CSCE”) working as a phone clerk for B&J Commodities. Mr. Gentile became a member of the CSCE in 1993 and began trading proprietary funds as well as trading client accounts. Nicholas along with his partners formed MP Commodities, a Coffee, Sugar, Cocoa Futures and Options brokerage operation in 1998. His primary responsibility was running the daily operation of the futures trading floor. With the demise of open outcry at the CSCE Nicholas was offered an opportunity to join Atlantic Capital in January 2008 as a Partner and Co Manager of a Commodities only Discretionary Fund. His responsibilities included putting together trading strategies for the discretionary program as well as running all trading and execution for the firm. These strategies included Relative Value, Spreads and Directional Trades consisting mostly of futures contracts with some options. Mr. Gentile maintains extensive contacts in the physical Coffee, Sugar, Cocoa, Grain and Energy industries. His network is comprised of producers, consumers, traders, hedge funds as well as the three main commodity index firms. This in conjunction with his commodity knowledge makes him a cutting edge industry leader.


Name:  Lisa Parrinelli
Position:  Principal
Biography: 

Ms. Parrinelli is a financial industry veteran with 25 years Futures and Foreign Exchange experience. She has held senior positions at several leading global financial institutions. Lisa began her career at Dean Witter working on one of the industry’s largest Managed Futures Trading Desks. After several years of servicing most of the major CTAs, she was recruited by one of the “Original Turtle Traders”, Liz Cheval, to work at EMC Capital Management in Chicago. Working closely with Ms. Cheval, Lisa learned the nuances of trading and quickly became responsible for trading the Currencies, Energies and Metals portion of the portfolio. Upon moving back to New York, Lisa joined an Institutional Sales and Trading Group at Refco. During this time period she was instrumental in successfully growing the sales team and the P & L substantially enough for the CEO of MF Global to take notice and recruit the entire group. Throughout her eight year tenure at MF Global, she directly managed a staff of trading and sales professionals while overseeing the strategy, development and implementation of sales, marketing and training material. Prior to joining NickJen Capital, Ms. Parrinelli was a Senior Vice President at RCG. Lisa is a graduate of New York University.


Name:  Anthony Mascia
Position:  Principal
Biography: 

Mr. Mascia has 15 years commodity experience as a former member of the New York Board of Trade (NYBOT) & Intercontinental Exchange (ICE), Mr. Mascia co-founded a brokerage business that consisted of national and international clientele. Mr. Mascia managed a floor trading operation where he delivered technical expertise and organizational leadership that drove Profit and Loss results for a multi-million dollar division specializing in food and fiber commodities on the exchange. He has executed trades for commercial and institutional accounts, managed risk, formulated market positioning strategies, developed incisive market commentary, and provided consistent advisory and account services that established high rates of client retention and profitability. Additionally, Mr. Mascia recruited, hired, trained and managed a team of agents and brokers, while coordinating research, analysis, and trading. Mr. Mascia marketed new product lines and generated new commercial, institutional, speculative, and hedge account clients that enhanced the firm’s revenues. In his normal course he interacted with traders, agents and clearing entities to ensure compliance with the company, the exchange, and with government regulatory agencies. Mr. Mascia graduated from Fordham University in 2000. While a senior in college, Mr. Mascia began his commodity career on the Coffee, Sugar, Cocoa Exchange (CSCE) coordinating market prices and arbitraging commodities for multiple futures/options brokers. This is where he began learning the business from the heart & soul of the markets. He became infatuated with the rapid-paced, high-intensity energy created during each trading session. All along, developing the insight for how the markets function.


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.