Altegris Clearing Solutions County Cork LLC County Cork Fusion Equities *QEP*
Monthly Performance (%)
Date Range: 09/13 - 04/17
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 -2.05 -1.93 1.04 -1.81 -4.70
2016 -3.63 4.14 -3.59 -0.28 0.27 -1.57 -2.21 -2.26 3.17 -5.52 4.05 0.00 -7.69
2015 0.85 -2.98 -8.52 -1.13 -2.13 -2.31 -7.86 -2.83 -4.50 -1.21 4.87 4.97 -21.32
2014 0.09 6.30 1.35 4.51 -0.16 -1.03 1.68 -0.39 6.96 3.71 0.49 -5.14 19.26
2013 4.62 3.14 0.71 8.67
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

The Fusion Equities trading program utilizes multiple discrete computer models to enter and exit both long and short positions in stock index futures contracts.  These positions are short term in nature and are exited by the end of each trading day.  The models in aggregate employ a combination of trading strategy styles including, but not limited to, breakouts and momentum, support and resistance, and contrarian.  The models evaluate both price and non-price data of several different instruments to signal a directional indication at which time all model indications are aggregated to produce a net portfolio signal direction and position size.  All data analysis, signal generation, and trade execution are fully automated on a proprietary software platform. IMPORTANT DISCLOSURE---FROM OCTOBER 2013 TO SEPTEMBER 17 2014, THE PERFORMANCE OF ACTUAL TRADING ACCOUNTS TRADED BY A THIRD PARTY PERSUANT TO THE PROGRAM UNDER POWER OF ATTORNEY. SINCE SEPTEMBER 17, 2014, THE DATA REFLECTS THE PERFORMANCE OF ACTUAL CUSTOMER ACCOUNTS TRADED BY COUNTY CORK LLC PURSUANT TO THE PROGRAM UNDER POWERS OF ATTORNEY. ALL PERFORMANCE HAS BEEN PRO FORMA ADJUSTED FOR A 2% (ANNUALIZED) MONTHLY MANAGEMENT FEE AND A 20% (ANNUALIZED) QUARTERLY INCENTIVE FEE. ALL PERFORMANCE IS NET OF ACTUAL FEES AND COMMISSIONS, WITH PROFITS NOT REINVESTED.

Performance Statistics
Date Range: 09/13 - 04/17
  Program SP500 TR Altegris 40
Total Return -10.29% 57.71% 14.61%
Annualized Return -2.99% 13.23% 3.79%
Annualized Std. Deviation 12.31% 10.08% 8.67%
Correlation 0.12 0.04
Sharpe Ratio (rf=2.5%) -0.45 1.06 0.15
Worst Month -8.52% -6.03% -5.20%
Date of Worst Month 03/2015 08/2015 06/2015
Worst Drawdown -34.34% -8.35% -10.39%
Date of Worst Drawdown 11/14 - 4/17 7/15 - 9/15 3/15 - 1/17
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 09/13 - 04/17
Year or YTD Program SP500 TR Altegris 40
2017 -4.70 7.17 -1.21
2016 -7.69 11.98 -3.13
2015 -21.32 1.41 0.09
2014 19.26 13.69 15.75
2013 8.67 10.52 4.00
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 09/13 - 04/17
Date: 4/30/2017
Perf: $1,153.02 Date: 3/31/2017
Perf: $1,159.98 Date: 2/28/2017
Perf: $1,177.16 Date: 1/31/2017
Perf: $1,152.05 Date: 12/31/2016
Perf: $1,167.10 Date: 11/30/2016
Perf: $1,158.30 Date: 10/31/2016
Perf: $1,171.18 Date: 9/30/2016
Perf: $1,202.20 Date: 8/31/2016
Perf: $1,217.91 Date: 7/31/2016
Perf: $1,251.58 Date: 6/30/2016
Perf: $1,238.94 Date: 5/31/2016
Perf: $1,188.43 Date: 4/30/2016
Perf: $1,209.60 Date: 3/31/2016
Perf: $1,240.74 Date: 2/29/2016
Perf: $1,277.40 Date: 1/31/2016
Perf: $1,246.73 Date: 12/31/2015
Perf: $1,204.81 Date: 11/30/2015
Perf: $1,233.17 Date: 10/31/2015
Perf: $1,192.51 Date: 9/30/2015
Perf: $1,213.62 Date: 8/31/2015
Perf: $1,187.85 Date: 7/31/2015
Perf: $1,208.76 Date: 6/30/2015
Perf: $1,163.27 Date: 5/31/2015
Perf: $1,227.08 Date: 4/30/2015
Perf: $1,235.98 Date: 3/31/2015
Perf: $1,285.61 Date: 2/28/2015
Perf: $1,257.81 Date: 1/31/2015
Perf: $1,259.82 Date: 12/31/2014
Perf: $1,203.73 Date: 11/30/2014
Perf: $1,182.91 Date: 10/31/2014
Perf: $1,116.48 Date: 9/30/2014
Perf: $1,100.31 Date: 8/31/2014
Perf: $1,084.15 Date: 7/31/2014
Perf: $1,040.15 Date: 6/30/2014
Perf: $1,048.54 Date: 5/31/2014
Perf: $1,039.60 Date: 4/30/2014
Perf: $1,013.65 Date: 3/31/2014
Perf: $1,006.01 Date: 2/28/2014
Perf: $1,021.12 Date: 1/31/2014
Perf: $1,012.81 Date: 12/31/2013
Perf: $1,039.96 Date: 11/30/2013
Perf: $1,041.41 Date: 10/31/2013
Perf: $1,022.90 Date: 9/30/2013
Perf: $1,000.00 Date: 4/30/2017
Perf: $1,529.05 Date: 3/31/2017
Perf: $1,513.46 Date: 2/28/2017
Perf: $1,511.64 Date: 1/31/2017
Perf: $1,453.92 Date: 12/31/2016
Perf: $1,426.81 Date: 11/30/2016
Perf: $1,399.11 Date: 10/31/2016
Perf: $1,349.19 Date: 9/30/2016
Perf: $1,374.20 Date: 8/31/2016
Perf: $1,373.93 Date: 7/31/2016
Perf: $1,372.01 Date: 6/30/2016
Perf: $1,323.18 Date: 5/31/2016
Perf: $1,319.75 Date: 4/30/2016
Perf: $1,296.41 Date: 3/31/2016
Perf: $1,291.38 Date: 2/29/2016
Perf: $1,209.38 Date: 1/31/2016
Perf: $1,210.96 Date: 12/31/2015
Perf: $1,274.15 Date: 11/30/2015
Perf: $1,294.61 Date: 10/31/2015
Perf: $1,290.74 Date: 9/30/2015
Perf: $1,190.28 Date: 8/31/2015
Perf: $1,220.42 Date: 7/31/2015
Perf: $1,298.74 Date: 6/30/2015
Perf: $1,272.02 Date: 5/31/2015
Perf: $1,297.19 Date: 4/30/2015
Perf: $1,280.67 Date: 3/31/2015
Perf: $1,268.49 Date: 2/28/2015
Perf: $1,288.85 Date: 1/31/2015
Perf: $1,218.77 Date: 12/31/2014
Perf: $1,256.47 Date: 11/30/2014
Perf: $1,259.62 Date: 10/31/2014
Perf: $1,226.62 Date: 9/30/2014
Perf: $1,197.40 Date: 8/31/2014
Perf: $1,214.41 Date: 7/31/2014
Perf: $1,167.70 Date: 6/30/2014
Perf: $1,184.04 Date: 5/31/2014
Perf: $1,160.03 Date: 4/30/2014
Perf: $1,133.39 Date: 3/31/2014
Perf: $1,125.07 Date: 2/28/2014
Perf: $1,115.69 Date: 1/31/2014
Perf: $1,066.93 Date: 12/31/2013
Perf: $1,105.17 Date: 11/30/2013
Perf: $1,077.90 Date: 10/31/2013
Perf: $1,046.00 Date: 9/30/2013
Perf: $1,000.00 Date: 4/30/2017
Perf: $897.06 Date: 3/31/2017
Perf: $913.60 Date: 2/28/2017
Perf: $904.19 Date: 1/31/2017
Perf: $921.99 Date: 12/31/2016
Perf: $941.28 Date: 11/30/2016
Perf: $941.28 Date: 10/31/2016
Perf: $904.64 Date: 9/30/2016
Perf: $957.50 Date: 8/31/2016
Perf: $928.08 Date: 7/31/2016
Perf: $949.54 Date: 6/30/2016
Perf: $971.00 Date: 5/31/2016
Perf: $986.48 Date: 4/30/2016
Perf: $983.83 Date: 3/31/2016
Perf: $986.59 Date: 2/29/2016
Perf: $1,023.33 Date: 1/31/2016
Perf: $982.65 Date: 12/31/2015
Perf: $1,019.66 Date: 11/30/2015
Perf: $971.38 Date: 10/31/2015
Perf: $926.27 Date: 9/30/2015
Perf: $937.62 Date: 8/31/2015
Perf: $981.80 Date: 7/31/2015
Perf: $1,010.39 Date: 6/30/2015
Perf: $1,096.58 Date: 5/31/2015
Perf: $1,122.51 Date: 4/30/2015
Perf: $1,146.94 Date: 3/31/2015
Perf: $1,160.05 Date: 2/28/2015
Perf: $1,268.10 Date: 1/31/2015
Perf: $1,307.04 Date: 12/31/2014
Perf: $1,296.03 Date: 11/30/2014
Perf: $1,366.25 Date: 10/31/2014
Perf: $1,359.59 Date: 9/30/2014
Perf: $1,310.96 Date: 8/31/2014
Perf: $1,225.65 Date: 7/31/2014
Perf: $1,230.45 Date: 6/30/2014
Perf: $1,210.12 Date: 5/31/2014
Perf: $1,222.71 Date: 4/30/2014
Perf: $1,224.67 Date: 3/31/2014
Perf: $1,171.82 Date: 2/28/2014
Perf: $1,156.21 Date: 1/31/2014
Perf: $1,087.69 Date: 12/31/2013
Perf: $1,086.71 Date: 11/30/2013
Perf: $1,079.05 Date: 10/31/2013
Perf: $1,046.20 Date: 9/30/2013
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 09/13 - 04/17
Date: 4/30/2017
Return: -1.81 % Date: 3/31/2017
Return: 1.04 % Date: 2/28/2017
Return: -1.93 % Date: 1/31/2017
Return: -2.05 % Date: 12/31/2016
Return: 0.00 % Date: 11/30/2016
Return: 4.05 % Date: 10/31/2016
Return: -5.52 % Date: 9/30/2016
Return: 3.17 % Date: 8/31/2016
Return: -2.26 % Date: 7/31/2016
Return: -2.21 % Date: 6/30/2016
Return: -1.57 % Date: 5/31/2016
Return: 0.27 % Date: 4/30/2016
Return: -0.28 % Date: 3/31/2016
Return: -3.59 % Date: 2/29/2016
Return: 4.14 % Date: 1/31/2016
Return: -3.63 % Date: 12/31/2015
Return: 4.97 % Date: 11/30/2015
Return: 4.87 % Date: 10/31/2015
Return: -1.21 % Date: 9/30/2015
Return: -4.50 % Date: 8/31/2015
Return: -2.83 % Date: 7/31/2015
Return: -7.86 % Date: 6/30/2015
Return: -2.31 % Date: 5/31/2015
Return: -2.13 % Date: 4/30/2015
Return: -1.13 % Date: 3/31/2015
Return: -8.52 % Date: 2/28/2015
Return: -2.98 % Date: 1/31/2015
Return: 0.85 % Date: 12/31/2014
Return: -5.14 % Date: 11/30/2014
Return: 0.49 % Date: 10/31/2014
Return: 3.71 % Date: 9/30/2014
Return: 6.96 % Date: 8/31/2014
Return: -0.39 % Date: 7/31/2014
Return: 1.68 % Date: 6/30/2014
Return: -1.03 % Date: 5/31/2014
Return: -0.16 % Date: 4/30/2014
Return: 4.51 % Date: 3/31/2014
Return: 1.35 % Date: 2/28/2014
Return: 6.30 % Date: 1/31/2014
Return: 0.09 % Date: 12/31/2013
Return: 0.71 % Date: 11/30/2013
Return: 3.14 % Date: 10/31/2013
Return: 4.62 % Date: 9/30/2013
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 09/13 - 04/17
Return: -6.00 %
Count: 1 Return: -4.00 %
Count: 2 Return: -8.00 %
Count: 1 Return: -2.00 %
Count: 8 Return: -9.00 %
Count: 1 Return: -3.00 %
Count: 2 Return: -5.00 %
Count: 2 Return: 4.00 %
Count: 3 Return: 7.00 %
Count: 1 Return: 2.00 %
Count: 1 Return: -1.00 %
Count: 3 Return: 6.00 %
Count: 1 Return: 1.00 %
Count: 4 Return: 3.00 %
Count: 2 Return: 5.00 %
Count: 4 Return: 0.00 %
Count: 8
Note: All performance data is since program inception.

Underwater Curve
Date Range: 09/13 - 04/17
Date: 4/30/2017
Drawdown: -34.34 % Date: 3/31/2017
Drawdown: -33.13 % Date: 2/28/2017
Drawdown: -33.82 % Date: 1/31/2017
Drawdown: -32.52 % Date: 12/31/2016
Drawdown: -31.10 % Date: 11/30/2016
Drawdown: -31.10 % Date: 10/31/2016
Drawdown: -33.79 % Date: 9/30/2016
Drawdown: -29.92 % Date: 8/31/2016
Drawdown: -32.07 % Date: 7/31/2016
Drawdown: -30.50 % Date: 6/30/2016
Drawdown: -28.93 % Date: 5/31/2016
Drawdown: -27.80 % Date: 4/30/2016
Drawdown: -27.99 % Date: 3/31/2016
Drawdown: -27.79 % Date: 2/29/2016
Drawdown: -25.10 % Date: 1/31/2016
Drawdown: -28.08 % Date: 12/31/2015
Drawdown: -25.37 % Date: 11/30/2015
Drawdown: -28.90 % Date: 10/31/2015
Drawdown: -32.20 % Date: 9/30/2015
Drawdown: -31.37 % Date: 8/31/2015
Drawdown: -28.14 % Date: 7/31/2015
Drawdown: -26.05 % Date: 6/30/2015
Drawdown: -19.74 % Date: 5/31/2015
Drawdown: -17.84 % Date: 4/30/2015
Drawdown: -16.05 % Date: 3/31/2015
Drawdown: -15.09 % Date: 2/28/2015
Drawdown: -7.18 % Date: 1/31/2015
Drawdown: -4.33 % Date: 12/31/2014
Drawdown: -5.14 % 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: -0.39 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: -1.19 % Date: 5/31/2014
Drawdown: -0.16 % Date: 4/30/2014
Drawdown: 0.00 % 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 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  County Cork LLC
Address: 5215 Old Orchard Rd. suite 800
City: Skokie
State: IL
Zip: 60077
Country: United States
Key People
Name:  Robert J. O'Brien Jr.
Position:  Principal
Biography: 

Robert J. O’Brien, Jr.is County Cork LLC’s Chairman and CEO and the Manager of County Cork Asset Management LLC (“CCAM”), an affiliate of County Cork LLC. Mr. O’Brien has been registered as an Associated Person with County Cork LLC since May8, 2002. Mr. O’Brien is one of County Cork LLC’s trading principals and is primarily responsible for review and acceptance of trading-related decisions, including money management, portfolio selection, and halt trading decisions.


Name:  Thomas Senft
Position:  Principal
Biography: 

Thomas W. Senft is the Chief Operating Officer of County Cork LLC since August, 2011. Mr. Senft is responsible for the CTA’s operations and risk management.


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.