Altegris Clearing Solutions Tyche Capital Advisors, LLC TCA Institutional Energy Spreads Program
Monthly Performance (%)
Date Range: 02/14 - 04/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -0.57 -0.89 -0.21 0.26 -1.41
2016 0.50 -0.11 -1.14 -1.93 0.35 1.07 0.84 -0.44 -0.33 0.63 0.22 -0.77 -1.15
2015 1.14 0.02 0.20 -2.63 -2.71 0.29 1.92 -0.23 -1.17 -0.74 1.03 0.60 -2.37
2014 0.27 -0.14 -0.95 0.38 0.02 1.45 2.29 2.75 1.29 1.07 8.69
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

TCA Institutional Spreads Program is a non-correlated, niche program that wil be employing trading in longer duration calendar spreads in the Crude Oil and Brent markets throughout the structure of the forward curve of several calendar spread markets. TCA uses custom proprietary statistical and analytical software that provides position entry and exit signals based upon custom technical algorithms, indicators and formulas based on price, action, voume, and market statistics. This wil be combined with other industry standard technical indicators and methodoligies such as, but not limited to, standard and directional movement index, and standard deviations. Other technical analysis is used for timing trades and identifying market instability. Fundamental analysis is used to anticipate trends that lead to profitable trading oppurtunities. This program also trades options spreads and oil vix contracts as a smal portion of its portfolio. TCA combines technical and fundamentalmethods with a discipline risk control methodology.

Performance Statistics
Date Range: 02/14 - 04/17
  Program SP500 TR Altegris 40
Total Return 3.43% 43.31% 13.84%
Annualized Return 1.07% 11.71% 4.07%
Annualized Std. Deviation 4.02% 10.06% 8.95%
Correlation -0.11 0.49
Sharpe Ratio (rf=2.5%) -0.36 0.92 0.18
Worst Month -2.71% -6.03% -5.20%
Date of Worst Month 05/2015 08/2015 06/2015
Worst Drawdown -6.37% -8.35% -10.39%
Date of Worst Drawdown 3/15 - 3/17 7/15 - 9/15 3/15 - 1/17
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 02/14 - 04/17
Year or YTD Program SP500 TR Altegris 40
2017 -1.41 7.17 -1.21
2016 -1.15 11.98 -3.13
2015 -2.37 1.41 0.09
2014 8.69 12.62 17.88
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 02/14 - 04/17
Date: 4/30/2017
Perf: $1,129.17 Date: 3/31/2017
Perf: $1,135.98 Date: 2/28/2017
Perf: $1,152.82 Date: 1/31/2017
Perf: $1,128.22 Date: 12/31/2016
Perf: $1,142.96 Date: 11/30/2016
Perf: $1,134.34 Date: 10/31/2016
Perf: $1,146.96 Date: 9/30/2016
Perf: $1,177.34 Date: 8/31/2016
Perf: $1,192.72 Date: 7/31/2016
Perf: $1,225.69 Date: 6/30/2016
Perf: $1,213.32 Date: 5/31/2016
Perf: $1,163.85 Date: 4/30/2016
Perf: $1,184.58 Date: 3/31/2016
Perf: $1,215.08 Date: 2/29/2016
Perf: $1,250.99 Date: 1/31/2016
Perf: $1,220.95 Date: 12/31/2015
Perf: $1,179.89 Date: 11/30/2015
Perf: $1,207.67 Date: 10/31/2015
Perf: $1,167.84 Date: 9/30/2015
Perf: $1,188.52 Date: 8/31/2015
Perf: $1,163.28 Date: 7/31/2015
Perf: $1,183.76 Date: 6/30/2015
Perf: $1,139.22 Date: 5/31/2015
Perf: $1,201.70 Date: 4/30/2015
Perf: $1,210.42 Date: 3/31/2015
Perf: $1,259.02 Date: 2/28/2015
Perf: $1,231.79 Date: 1/31/2015
Perf: $1,233.77 Date: 12/31/2014
Perf: $1,178.83 Date: 11/30/2014
Perf: $1,158.45 Date: 10/31/2014
Perf: $1,093.39 Date: 9/30/2014
Perf: $1,077.55 Date: 8/31/2014
Perf: $1,061.73 Date: 7/31/2014
Perf: $1,018.64 Date: 6/30/2014
Perf: $1,026.86 Date: 5/31/2014
Perf: $1,018.10 Date: 4/30/2014
Perf: $992.69 Date: 3/31/2014
Perf: $985.20 Date: 2/28/2014
Perf: $1,000.00 Date: 4/30/2017
Perf: $1,370.49 Date: 3/31/2017
Perf: $1,356.52 Date: 2/28/2017
Perf: $1,354.89 Date: 1/31/2017
Perf: $1,303.16 Date: 12/31/2016
Perf: $1,278.86 Date: 11/30/2016
Perf: $1,254.03 Date: 10/31/2016
Perf: $1,209.28 Date: 9/30/2016
Perf: $1,231.70 Date: 8/31/2016
Perf: $1,231.46 Date: 7/31/2016
Perf: $1,229.73 Date: 6/30/2016
Perf: $1,185.97 Date: 5/31/2016
Perf: $1,182.90 Date: 4/30/2016
Perf: $1,161.98 Date: 3/31/2016
Perf: $1,157.47 Date: 2/29/2016
Perf: $1,083.97 Date: 1/31/2016
Perf: $1,085.38 Date: 12/31/2015
Perf: $1,142.03 Date: 11/30/2015
Perf: $1,160.36 Date: 10/31/2015
Perf: $1,156.89 Date: 9/30/2015
Perf: $1,066.85 Date: 8/31/2015
Perf: $1,093.87 Date: 7/31/2015
Perf: $1,164.06 Date: 6/30/2015
Perf: $1,140.12 Date: 5/31/2015
Perf: $1,162.67 Date: 4/30/2015
Perf: $1,147.87 Date: 3/31/2015
Perf: $1,136.95 Date: 2/28/2015
Perf: $1,155.20 Date: 1/31/2015
Perf: $1,092.39 Date: 12/31/2014
Perf: $1,126.18 Date: 11/30/2014
Perf: $1,129.00 Date: 10/31/2014
Perf: $1,099.42 Date: 9/30/2014
Perf: $1,073.24 Date: 8/31/2014
Perf: $1,088.48 Date: 7/31/2014
Perf: $1,046.61 Date: 6/30/2014
Perf: $1,061.26 Date: 5/31/2014
Perf: $1,039.73 Date: 4/30/2014
Perf: $1,015.86 Date: 3/31/2014
Perf: $1,008.40 Date: 2/28/2014
Perf: $1,000.00 Date: 4/30/2017
Perf: $1,034.30 Date: 3/31/2017
Perf: $1,031.62 Date: 2/28/2017
Perf: $1,033.79 Date: 1/31/2017
Perf: $1,043.07 Date: 12/31/2016
Perf: $1,049.05 Date: 11/30/2016
Perf: $1,057.19 Date: 10/31/2016
Perf: $1,054.87 Date: 9/30/2016
Perf: $1,048.27 Date: 8/31/2016
Perf: $1,051.74 Date: 7/31/2016
Perf: $1,056.39 Date: 6/30/2016
Perf: $1,047.59 Date: 5/31/2016
Perf: $1,036.50 Date: 4/30/2016
Perf: $1,032.88 Date: 3/31/2016
Perf: $1,053.21 Date: 2/29/2016
Perf: $1,065.36 Date: 1/31/2016
Perf: $1,066.53 Date: 12/31/2015
Perf: $1,061.22 Date: 11/30/2015
Perf: $1,054.89 Date: 10/31/2015
Perf: $1,044.14 Date: 9/30/2015
Perf: $1,051.92 Date: 8/31/2015
Perf: $1,064.38 Date: 7/31/2015
Perf: $1,066.83 Date: 6/30/2015
Perf: $1,046.73 Date: 5/31/2015
Perf: $1,043.71 Date: 4/30/2015
Perf: $1,072.78 Date: 3/31/2015
Perf: $1,101.75 Date: 2/28/2015
Perf: $1,099.55 Date: 1/31/2015
Perf: $1,099.33 Date: 12/31/2014
Perf: $1,086.94 Date: 11/30/2014
Perf: $1,075.44 Date: 10/31/2014
Perf: $1,061.74 Date: 9/30/2014
Perf: $1,033.32 Date: 8/31/2014
Perf: $1,010.19 Date: 7/31/2014
Perf: $995.75 Date: 6/30/2014
Perf: $995.55 Date: 5/31/2014
Perf: $991.78 Date: 4/30/2014
Perf: $1,001.30 Date: 3/31/2014
Perf: $1,002.70 Date: 2/28/2014
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 02/14 - 04/17
Date: 4/30/2017
Return: 0.26 % Date: 3/31/2017
Return: -0.21 % Date: 2/28/2017
Return: -0.89 % Date: 1/31/2017
Return: -0.57 % Date: 12/31/2016
Return: -0.77 % Date: 11/30/2016
Return: 0.22 % Date: 10/31/2016
Return: 0.63 % Date: 9/30/2016
Return: -0.33 % Date: 8/31/2016
Return: -0.44 % Date: 7/31/2016
Return: 0.84 % Date: 6/30/2016
Return: 1.07 % Date: 5/31/2016
Return: 0.35 % Date: 4/30/2016
Return: -1.93 % Date: 3/31/2016
Return: -1.14 % Date: 2/29/2016
Return: -0.11 % Date: 1/31/2016
Return: 0.50 % Date: 12/31/2015
Return: 0.60 % Date: 11/30/2015
Return: 1.03 % Date: 10/31/2015
Return: -0.74 % Date: 9/30/2015
Return: -1.17 % Date: 8/31/2015
Return: -0.23 % Date: 7/31/2015
Return: 1.92 % Date: 6/30/2015
Return: 0.29 % Date: 5/31/2015
Return: -2.71 % Date: 4/30/2015
Return: -2.63 % Date: 3/31/2015
Return: 0.20 % Date: 2/28/2015
Return: 0.02 % Date: 1/31/2015
Return: 1.14 % Date: 12/31/2014
Return: 1.07 % Date: 11/30/2014
Return: 1.29 % Date: 10/31/2014
Return: 2.75 % Date: 9/30/2014
Return: 2.29 % Date: 8/31/2014
Return: 1.45 % Date: 7/31/2014
Return: 0.02 % Date: 6/30/2014
Return: 0.38 % Date: 5/31/2014
Return: -0.95 % Date: 4/30/2014
Return: -0.14 % Date: 3/31/2014
Return: 0.27 % Date: 2/28/2014
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 02/14 - 04/17
Return: -2.00 %
Count: 1 Return: -3.00 %
Count: 2 Return: 3.00 %
Count: 1 Return: 2.00 %
Count: 2 Return: 1.00 %
Count: 9 Return: -1.00 %
Count: 7 Return: 0.00 %
Count: 17
Note: All performance data is since program inception.

Underwater Curve
Date Range: 02/14 - 04/17
Date: 4/30/2017
Drawdown: -6.12 % Date: 3/31/2017
Drawdown: -6.37 % Date: 2/28/2017
Drawdown: -6.17 % Date: 1/31/2017
Drawdown: -5.33 % Date: 12/31/2016
Drawdown: -4.78 % Date: 11/30/2016
Drawdown: -4.04 % Date: 10/31/2016
Drawdown: -4.26 % Date: 9/30/2016
Drawdown: -4.85 % Date: 8/31/2016
Drawdown: -4.54 % Date: 7/31/2016
Drawdown: -4.12 % Date: 6/30/2016
Drawdown: -4.92 % Date: 5/31/2016
Drawdown: -5.92 % Date: 4/30/2016
Drawdown: -6.25 % Date: 3/31/2016
Drawdown: -4.41 % Date: 2/29/2016
Drawdown: -3.30 % Date: 1/31/2016
Drawdown: -3.20 % Date: 12/31/2015
Drawdown: -3.68 % Date: 11/30/2015
Drawdown: -4.25 % Date: 10/31/2015
Drawdown: -5.23 % Date: 9/30/2015
Drawdown: -4.52 % Date: 8/31/2015
Drawdown: -3.39 % Date: 7/31/2015
Drawdown: -3.17 % Date: 6/30/2015
Drawdown: -4.99 % Date: 5/31/2015
Drawdown: -5.27 % Date: 4/30/2015
Drawdown: -2.63 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % 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: 0.00 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: -0.69 % Date: 6/30/2014
Drawdown: -0.71 % Date: 5/31/2014
Drawdown: -1.09 % Date: 4/30/2014
Drawdown: -0.14 % Date: 3/31/2014
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  Tyche Capital Advisors, LLC
Address: 176 Meadowsweet Rd
City: Mineola
State: NY
Zip: 11501
Country: United States
Key People
Name:  Steve Marino
Position:  Principal
Biography: 

Steve Marino is a Managing Member of TCA and a registered Principal as of March 16, 2009 as well as a registered Associated Person, since April 29, 2009. Mr. Marino is the founder of Marino & Associates Consulting Inc., a computer consulting and technical services firm established in September 1988 specializing in software development and information technology services. Mr. Marino has held the position of President of Marino & Associates from September 1998 through the present. Steve Marino functions as a business analyst, IT consultant, systems engineer and developer of strategic customer software for Marino & Associates dealing with various Fortune 100 and 500 clients, broker dealers, hedge funds, and institutional trading clients in the areas of back office accounting, compliance, trading and order management, asset and portfolio management, as well as other areas in a technical and management capacity. Since 2003, Mr. Marino has also been developing market analysis software, technical trading mathematical formulas and algorithms, quantitative analysis procedures and strategic trading models as the chief software engineer for Marino & Associates Consulting, Inc. In August 2008, Steve formed Rockwell Global Futures, Inc., an Introducing Futures Brokerage guaranteed by MF Global, Inc. and holds the position of President. In addition, Mr. Marino has been registered as a Principal and Associated Person for Rockwell Global Futures, Inc since November 3, 2008. Rockwell Global specializes in corporate and institutional electronic black box trading programs and services in addition to other IB services. Mr. Marino has a Bachelor of Science degree in Computer Science and Mathematics from Hofstra University. Steve currently holds a Series 3 license.


Name:  Tariq Zahir
Position:  Principal
Biography: 

Tariq Zahir is a Managing Member of TCA since April 29, 2009, is also registered as a Principal and Associated Person of the firm as of April 29, 2009. In March 2001, Tariq was a registered securities representative with DC Capital LLC a registered broker dealer located in Syosset NY. Tariq held the title of Vice President of Institutional Sales in which he performed sales of, and serviced several billion dollar hedge funds and institutions until he left the firm in July of 2004. From July of 2004 through the present Tariq Zahir has traded independently and conducts research of stocks, options, futures, and derivatives. It is through his independent research, analysis and trading that Tariq partnered with Steve Marino to begin this commodity trading advisory firm Tyche Capital Advisors LLC. From April 2008 until January 2009, Tariq was a registered representative with Ameriprise Financial Services, located in Hauppauge, New York which is a registered broker dealer. He obtained his series 66 license and Life and Health license and held the title of financial advisor. While affiliated with Ameriprise, Tariq conducted sales of securities for the firm until he decided to devote all of his time to Tyche Capital Advisors. Tariq currently holds a series 3 license as well as a series 7 and 66. He also maintains a life and health insurance license for his work in the securities industry.


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.