Certeza Asset Management LLC

Macro Vega Program *QEP*


Monthly Performance (%)

Date Range: 12/11 - 08/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 -0.11 0.05 -1.78 0.07 0.10 0.36 0.15 -3.22   -4.35 
2019 0.12 -0.54 0.90 0.23 0.73 -0.05 0.39 0.88 0.51 -0.16 -0.04 -0.34  2.65 
2018 1.27 -0.17 0.11 0.42 -0.39 0.51 0.11 0.84 0.48 -3.25 0.66 -0.12  0.40 
2017 0.16 0.64 0.42 0.29 0.92 0.43 -0.28 0.82 0.34 -0.54 0.38 -0.09  3.54 
2016 0.12 0.45 -1.06 -1.11 0.81 0.35 0.14 0.97 0.51 0.08 0.19 0.07  1.51 
2015 0.24 0.75 1.44 1.34 0.31 -0.88 1.01 -2.63 1.14 -0.08 0.36 0.34  3.32 
2014 0.18 0.58 0.28 0.98 -1.32 1.96 0.21 0.75 -0.14 -0.95 -0.17 0.42  2.77 
2013 0.41 -0.12 -0.88 0.82 0.13 0.54 0.18 -0.15 0.12 0.44 -0.46 -0.34  0.68 
2012 -2.52 2.68 -0.45 3.01 4.95 -0.19 1.98 -1.89 0.93 2.91 1.43 0.80  14.24 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Strategy Description

Certeza Asset Management LLC is a Utah based 100% quantitative trading firm specializing in volatility. Certeza uses highly sophisticated proprietary algorithms to capture perceived mispricings in the VIX term structure in order to generate high risk-adjusted returns while striving for a zero correlation to both traditional and alternative asset classes. Certeza was founded in 2011 and is an NFA member and registered with the CFTC.

Performance Statistics

Date Range: 12/11 - 08/20
  Program S&P 500 Coquest 40 
Total Return 26.52% 236.76% 7.73% 
Annualized Return 2.75% 14.89% 0.85% 
Annualized Std. Deviation 3.81% 12.80% 8.09% 
Correlation -0.02 0.19 
Sharpe Ratio (rf=2.5%) 0.07 0.97 -0.20 
Worst Month -3.25% -12.35% -6.10% 
Date of Worst Month 10/2018 03/2020 02/2018 
Worst Drawdown -4.87% -19.60% -13.63% 
Date of Worst Drawdown 9/19 - 8/20 12/19 - 3/20 3/15 - 1/19 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 12/11 - 08/20
Year or YTD Program S&P 500 Coquest 40 
2020 -4.35 9.75 -1.80 
2019 2.65 31.50 7.53 
2018 0.40 -4.38 -4.29 
2017 3.54 21.84 1.24 
2016 1.51 11.98 -3.13 
2015 3.32 1.41 0.09 
2014 2.77 13.69 15.75 
2013 0.68 32.41 -2.45 
2012 14.24 15.98 -4.75 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 12/11 - 08/20
Date: 8/31/2020
Perf: $1,067.03 Date: 7/31/2020
Perf: $1,079.22 Date: 6/30/2020
Perf: $1,059.00 Date: 5/31/2020
Perf: $1,072.73 Date: 4/30/2020
Perf: $1,085.43 Date: 3/31/2020
Perf: $1,081.86 Date: 2/29/2020
Perf: $1,081.21 Date: 1/31/2020
Perf: $1,097.56 Date: 12/31/2019
Perf: $1,086.59 Date: 11/30/2019
Perf: $1,093.37 Date: 10/31/2019
Perf: $1,082.75 Date: 9/30/2019
Perf: $1,107.22 Date: 8/31/2019
Perf: $1,138.77 Date: 7/31/2019
Perf: $1,098.98 Date: 6/30/2019
Perf: $1,062.75 Date: 5/31/2019
Perf: $1,041.91 Date: 4/30/2019
Perf: $1,062.74 Date: 3/31/2019
Perf: $1,034.29 Date: 2/28/2019
Perf: $998.45 Date: 1/31/2019
Perf: $992.10 Date: 12/31/2018
Perf: $1,010.49 Date: 11/30/2018
Perf: $1,006.26 Date: 10/31/2018
Perf: $1,018.49 Date: 9/30/2018
Perf: $1,044.28 Date: 8/31/2018
Perf: $1,049.00 Date: 7/31/2018
Perf: $1,022.92 Date: 6/30/2018
Perf: $1,030.65 Date: 5/31/2018
Perf: $1,022.06 Date: 4/30/2018
Perf: $1,035.42 Date: 3/31/2018
Perf: $1,024.35 Date: 2/28/2018
Perf: $1,025.28 Date: 1/31/2018
Perf: $1,091.88 Date: 12/31/2017
Perf: $1,055.77 Date: 11/30/2017
Perf: $1,044.39 Date: 10/31/2017
Perf: $1,043.03 Date: 9/30/2017
Perf: $1,001.09 Date: 8/31/2017
Perf: $1,022.67 Date: 7/31/2017
Perf: $1,005.97 Date: 6/30/2017
Perf: $1,002.06 Date: 5/31/2017
Perf: $1,032.20 Date: 4/30/2017
Perf: $1,030.24 Date: 3/31/2017
Perf: $1,036.46 Date: 2/28/2017
Perf: $1,051.82 Date: 1/31/2017
Perf: $1,029.38 Date: 12/31/2016
Perf: $1,042.83 Date: 11/30/2016
Perf: $1,034.96 Date: 10/31/2016
Perf: $1,046.48 Date: 9/30/2016
Perf: $1,074.19 Date: 8/31/2016
Perf: $1,088.23 Date: 7/31/2016
Perf: $1,118.31 Date: 6/30/2016
Perf: $1,107.02 Date: 5/31/2016
Perf: $1,061.89 Date: 4/30/2016
Perf: $1,080.80 Date: 3/31/2016
Perf: $1,108.63 Date: 2/29/2016
Perf: $1,141.39 Date: 1/31/2016
Perf: $1,113.98 Date: 12/31/2015
Perf: $1,076.52 Date: 11/30/2015
Perf: $1,101.86 Date: 10/31/2015
Perf: $1,065.53 Date: 9/30/2015
Perf: $1,084.40 Date: 8/31/2015
Perf: $1,061.37 Date: 7/31/2015
Perf: $1,080.05 Date: 6/30/2015
Perf: $1,039.41 Date: 5/31/2015
Perf: $1,096.42 Date: 4/30/2015
Perf: $1,104.38 Date: 3/31/2015
Perf: $1,148.72 Date: 2/28/2015
Perf: $1,123.88 Date: 1/31/2015
Perf: $1,125.68 Date: 12/31/2014
Perf: $1,075.56 Date: 11/30/2014
Perf: $1,056.96 Date: 10/31/2014
Perf: $997.60 Date: 9/30/2014
Perf: $983.15 Date: 8/31/2014
Perf: $968.71 Date: 7/31/2014
Perf: $929.40 Date: 6/30/2014
Perf: $936.89 Date: 5/31/2014
Perf: $928.91 Date: 4/30/2014
Perf: $905.72 Date: 3/31/2014
Perf: $898.89 Date: 2/28/2014
Perf: $912.39 Date: 1/31/2014
Perf: $904.97 Date: 12/31/2013
Perf: $929.22 Date: 11/30/2013
Perf: $930.53 Date: 10/31/2013
Perf: $913.98 Date: 9/30/2013
Perf: $893.52 Date: 8/31/2013
Perf: $898.91 Date: 7/31/2013
Perf: $916.51 Date: 6/30/2013
Perf: $924.55 Date: 5/31/2013
Perf: $960.98 Date: 4/30/2013
Perf: $1,004.15 Date: 3/31/2013
Perf: $978.90 Date: 2/28/2013
Perf: $965.00 Date: 1/31/2013
Perf: $970.63 Date: 12/31/2012
Perf: $952.53 Date: 11/30/2012
Perf: $947.89 Date: 10/31/2012
Perf: $945.24 Date: 9/30/2012
Perf: $980.75 Date: 8/31/2012
Perf: $997.20 Date: 7/31/2012
Perf: $1,010.95 Date: 6/30/2012
Perf: $971.23 Date: 5/31/2012
Perf: $1,009.17 Date: 4/30/2012
Perf: $990.35 Date: 3/31/2012
Perf: $984.45 Date: 2/29/2012
Perf: $1,007.31 Date: 1/31/2012
Perf: $1,003.20 Date: 12/31/2011
Perf: $1,000.00 Date: 8/31/2020
Perf: $3,333.58 Date: 7/31/2020
Perf: $3,109.97 Date: 6/30/2020
Perf: $2,943.93 Date: 5/31/2020
Perf: $2,886.49 Date: 4/30/2020
Perf: $2,755.34 Date: 3/31/2020
Perf: $2,442.24 Date: 2/29/2020
Perf: $2,786.36 Date: 1/31/2020
Perf: $3,036.24 Date: 12/31/2019
Perf: $3,037.45 Date: 11/30/2019
Perf: $2,948.41 Date: 10/31/2019
Perf: $2,845.13 Date: 9/30/2019
Perf: $2,784.70 Date: 8/31/2019
Perf: $2,733.59 Date: 7/31/2019
Perf: $2,777.47 Date: 6/30/2019
Perf: $2,738.04 Date: 5/31/2019
Perf: $2,557.72 Date: 4/30/2019
Perf: $2,731.15 Date: 3/31/2019
Perf: $2,624.84 Date: 2/28/2019
Perf: $2,574.89 Date: 1/31/2019
Perf: $2,494.81 Date: 12/31/2018
Perf: $2,309.79 Date: 11/30/2018
Perf: $2,539.07 Date: 10/31/2018
Perf: $2,488.31 Date: 9/30/2018
Perf: $2,671.01 Date: 8/31/2018
Perf: $2,655.87 Date: 7/31/2018
Perf: $2,572.02 Date: 6/30/2018
Perf: $2,479.77 Date: 5/31/2018
Perf: $2,464.49 Date: 4/30/2018
Perf: $2,406.50 Date: 3/31/2018
Perf: $2,397.39 Date: 2/28/2018
Perf: $2,459.87 Date: 1/31/2018
Perf: $2,554.11 Date: 12/31/2017
Perf: $2,415.70 Date: 11/30/2017
Perf: $2,389.18 Date: 10/31/2017
Perf: $2,318.01 Date: 9/30/2017
Perf: $2,265.23 Date: 8/31/2017
Perf: $2,219.51 Date: 7/31/2017
Perf: $2,212.65 Date: 6/30/2017
Perf: $2,167.99 Date: 5/31/2017
Perf: $2,154.63 Date: 4/30/2017
Perf: $2,124.67 Date: 3/31/2017
Perf: $2,103.01 Date: 2/28/2017
Perf: $2,100.49 Date: 1/31/2017
Perf: $2,020.29 Date: 12/31/2016
Perf: $1,982.62 Date: 11/30/2016
Perf: $1,944.12 Date: 10/31/2016
Perf: $1,874.76 Date: 9/30/2016
Perf: $1,909.51 Date: 8/31/2016
Perf: $1,909.13 Date: 7/31/2016
Perf: $1,906.46 Date: 6/30/2016
Perf: $1,838.62 Date: 5/31/2016
Perf: $1,833.85 Date: 4/30/2016
Perf: $1,801.42 Date: 3/31/2016
Perf: $1,794.42 Date: 2/29/2016
Perf: $1,680.49 Date: 1/31/2016
Perf: $1,682.67 Date: 12/31/2015
Perf: $1,770.49 Date: 11/30/2015
Perf: $1,798.91 Date: 10/31/2015
Perf: $1,793.53 Date: 9/30/2015
Perf: $1,653.94 Date: 8/31/2015
Perf: $1,695.83 Date: 7/31/2015
Perf: $1,804.65 Date: 6/30/2015
Perf: $1,767.53 Date: 5/31/2015
Perf: $1,802.50 Date: 4/30/2015
Perf: $1,779.54 Date: 3/31/2015
Perf: $1,762.62 Date: 2/28/2015
Perf: $1,790.92 Date: 1/31/2015
Perf: $1,693.54 Date: 12/31/2014
Perf: $1,745.92 Date: 11/30/2014
Perf: $1,750.29 Date: 10/31/2014
Perf: $1,704.44 Date: 9/30/2014
Perf: $1,663.84 Date: 8/31/2014
Perf: $1,687.47 Date: 7/31/2014
Perf: $1,622.57 Date: 6/30/2014
Perf: $1,645.27 Date: 5/31/2014
Perf: $1,611.90 Date: 4/30/2014
Perf: $1,574.89 Date: 3/31/2014
Perf: $1,563.33 Date: 2/28/2014
Perf: $1,550.30 Date: 1/31/2014
Perf: $1,482.55 Date: 12/31/2013
Perf: $1,535.69 Date: 11/30/2013
Perf: $1,497.79 Date: 10/31/2013
Perf: $1,453.46 Date: 9/30/2013
Perf: $1,389.54 Date: 8/31/2013
Perf: $1,347.24 Date: 7/31/2013
Perf: $1,387.48 Date: 6/30/2013
Perf: $1,320.27 Date: 5/31/2013
Perf: $1,338.21 Date: 4/30/2013
Perf: $1,307.61 Date: 3/31/2013
Perf: $1,282.85 Date: 2/28/2013
Perf: $1,236.48 Date: 1/31/2013
Perf: $1,219.89 Date: 12/31/2012
Perf: $1,159.81 Date: 11/30/2012
Perf: $1,149.35 Date: 10/31/2012
Perf: $1,142.72 Date: 9/30/2012
Perf: $1,164.26 Date: 8/31/2012
Perf: $1,134.98 Date: 7/31/2012
Perf: $1,110.01 Date: 6/30/2012
Perf: $1,094.79 Date: 5/31/2012
Perf: $1,051.47 Date: 4/30/2012
Perf: $1,118.70 Date: 3/31/2012
Perf: $1,125.79 Date: 2/29/2012
Perf: $1,089.94 Date: 1/31/2012
Perf: $1,044.80 Date: 12/31/2011
Perf: $1,000.00 Date: 8/31/2020
Perf: $1,265.23 Date: 7/31/2020
Perf: $1,307.33 Date: 6/30/2020
Perf: $1,305.37 Date: 5/31/2020
Perf: $1,300.69 Date: 4/30/2020
Perf: $1,299.39 Date: 3/31/2020
Perf: $1,298.48 Date: 2/29/2020
Perf: $1,322.01 Date: 1/31/2020
Perf: $1,321.35 Date: 12/31/2019
Perf: $1,322.81 Date: 11/30/2019
Perf: $1,327.32 Date: 10/31/2019
Perf: $1,327.85 Date: 9/30/2019
Perf: $1,329.98 Date: 8/31/2019
Perf: $1,323.23 Date: 7/31/2019
Perf: $1,311.69 Date: 6/30/2019
Perf: $1,306.59 Date: 5/31/2019
Perf: $1,307.24 Date: 4/30/2019
Perf: $1,297.77 Date: 3/31/2019
Perf: $1,294.79 Date: 2/28/2019
Perf: $1,283.24 Date: 1/31/2019
Perf: $1,290.21 Date: 12/31/2018
Perf: $1,288.66 Date: 11/30/2018
Perf: $1,290.21 Date: 10/31/2018
Perf: $1,281.75 Date: 9/30/2018
Perf: $1,324.81 Date: 8/31/2018
Perf: $1,318.48 Date: 7/31/2018
Perf: $1,307.50 Date: 6/30/2018
Perf: $1,306.06 Date: 5/31/2018
Perf: $1,299.43 Date: 4/30/2018
Perf: $1,304.52 Date: 3/31/2018
Perf: $1,299.07 Date: 2/28/2018
Perf: $1,297.64 Date: 1/31/2018
Perf: $1,299.85 Date: 12/31/2017
Perf: $1,283.55 Date: 11/30/2017
Perf: $1,284.70 Date: 10/31/2017
Perf: $1,279.84 Date: 9/30/2017
Perf: $1,286.79 Date: 8/31/2017
Perf: $1,282.43 Date: 7/31/2017
Perf: $1,272.00 Date: 6/30/2017
Perf: $1,275.57 Date: 5/31/2017
Perf: $1,270.11 Date: 4/30/2017
Perf: $1,258.53 Date: 3/31/2017
Perf: $1,254.89 Date: 2/28/2017
Perf: $1,249.64 Date: 1/31/2017
Perf: $1,241.69 Date: 12/31/2016
Perf: $1,239.71 Date: 11/30/2016
Perf: $1,238.84 Date: 10/31/2016
Perf: $1,236.49 Date: 9/30/2016
Perf: $1,235.51 Date: 8/31/2016
Perf: $1,229.24 Date: 7/31/2016
Perf: $1,217.43 Date: 6/30/2016
Perf: $1,215.73 Date: 5/31/2016
Perf: $1,211.49 Date: 4/30/2016
Perf: $1,201.75 Date: 3/31/2016
Perf: $1,215.24 Date: 2/29/2016
Perf: $1,228.26 Date: 1/31/2016
Perf: $1,222.76 Date: 12/31/2015
Perf: $1,221.29 Date: 11/30/2015
Perf: $1,217.15 Date: 10/31/2015
Perf: $1,212.79 Date: 9/30/2015
Perf: $1,213.76 Date: 8/31/2015
Perf: $1,200.08 Date: 7/31/2015
Perf: $1,232.49 Date: 6/30/2015
Perf: $1,220.17 Date: 5/31/2015
Perf: $1,231.00 Date: 4/30/2015
Perf: $1,227.20 Date: 3/31/2015
Perf: $1,210.97 Date: 2/28/2015
Perf: $1,193.78 Date: 1/31/2015
Perf: $1,184.89 Date: 12/31/2014
Perf: $1,182.06 Date: 11/30/2014
Perf: $1,177.11 Date: 10/31/2014
Perf: $1,179.12 Date: 9/30/2014
Perf: $1,190.43 Date: 8/31/2014
Perf: $1,192.09 Date: 7/31/2014
Perf: $1,183.22 Date: 6/30/2014
Perf: $1,180.74 Date: 5/31/2014
Perf: $1,158.04 Date: 4/30/2014
Perf: $1,173.53 Date: 3/31/2014
Perf: $1,162.15 Date: 2/28/2014
Perf: $1,158.90 Date: 1/31/2014
Perf: $1,152.22 Date: 12/31/2013
Perf: $1,150.15 Date: 11/30/2013
Perf: $1,154.07 Date: 10/31/2013
Perf: $1,159.40 Date: 9/30/2013
Perf: $1,154.33 Date: 8/31/2013
Perf: $1,152.94 Date: 7/31/2013
Perf: $1,154.67 Date: 6/30/2013
Perf: $1,152.60 Date: 5/31/2013
Perf: $1,146.41 Date: 4/30/2013
Perf: $1,144.92 Date: 3/31/2013
Perf: $1,135.61 Date: 2/28/2013
Perf: $1,145.69 Date: 1/31/2013
Perf: $1,147.07 Date: 12/31/2012
Perf: $1,142.38 Date: 11/30/2012
Perf: $1,133.32 Date: 10/31/2012
Perf: $1,117.34 Date: 9/30/2012
Perf: $1,085.74 Date: 8/31/2012
Perf: $1,075.74 Date: 7/31/2012
Perf: $1,096.46 Date: 6/30/2012
Perf: $1,075.17 Date: 5/31/2012
Perf: $1,077.22 Date: 4/30/2012
Perf: $1,026.41 Date: 3/31/2012
Perf: $996.42 Date: 2/29/2012
Perf: $1,000.92 Date: 1/31/2012
Perf: $974.80 Date: 12/31/2011
Perf: $1,000.00

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Monthly Returns

Date Range: 12/11 - 08/20
Date: 8/31/2020
Return: -3.22 % Date: 7/31/2020
Return: 0.15 % Date: 6/30/2020
Return: 0.36 % Date: 5/31/2020
Return: 0.10 % Date: 4/30/2020
Return: 0.07 % Date: 3/31/2020
Return: -1.78 % Date: 2/29/2020
Return: 0.05 % Date: 1/31/2020
Return: -0.11 % Date: 12/31/2019
Return: -0.34 % Date: 11/30/2019
Return: -0.04 % Date: 10/31/2019
Return: -0.16 % Date: 9/30/2019
Return: 0.51 % Date: 8/31/2019
Return: 0.88 % Date: 7/31/2019
Return: 0.39 % Date: 6/30/2019
Return: -0.05 % Date: 5/31/2019
Return: 0.73 % Date: 4/30/2019
Return: 0.23 % Date: 3/31/2019
Return: 0.90 % Date: 2/28/2019
Return: -0.54 % Date: 1/31/2019
Return: 0.12 % Date: 12/31/2018
Return: -0.12 % Date: 11/30/2018
Return: 0.66 % Date: 10/31/2018
Return: -3.25 % Date: 9/30/2018
Return: 0.48 % Date: 8/31/2018
Return: 0.84 % Date: 7/31/2018
Return: 0.11 % Date: 6/30/2018
Return: 0.51 % Date: 5/31/2018
Return: -0.39 % Date: 4/30/2018
Return: 0.42 % Date: 3/31/2018
Return: 0.11 % Date: 2/28/2018
Return: -0.17 % Date: 1/31/2018
Return: 1.27 % Date: 12/31/2017
Return: -0.09 % Date: 11/30/2017
Return: 0.38 % Date: 10/31/2017
Return: -0.54 % Date: 9/30/2017
Return: 0.34 % Date: 8/31/2017
Return: 0.82 % Date: 7/31/2017
Return: -0.28 % Date: 6/30/2017
Return: 0.43 % Date: 5/31/2017
Return: 0.92 % Date: 4/30/2017
Return: 0.29 % Date: 3/31/2017
Return: 0.42 % Date: 2/28/2017
Return: 0.64 % Date: 1/31/2017
Return: 0.16 % Date: 12/31/2016
Return: 0.07 % Date: 11/30/2016
Return: 0.19 % Date: 10/31/2016
Return: 0.08 % Date: 9/30/2016
Return: 0.51 % Date: 8/31/2016
Return: 0.97 % Date: 7/31/2016
Return: 0.14 % Date: 6/30/2016
Return: 0.35 % Date: 5/31/2016
Return: 0.81 % Date: 4/30/2016
Return: -1.11 % Date: 3/31/2016
Return: -1.06 % Date: 2/29/2016
Return: 0.45 % Date: 1/31/2016
Return: 0.12 % Date: 12/31/2015
Return: 0.34 % Date: 11/30/2015
Return: 0.36 % Date: 10/31/2015
Return: -0.08 % Date: 9/30/2015
Return: 1.14 % Date: 8/31/2015
Return: -2.63 % Date: 7/31/2015
Return: 1.01 % Date: 6/30/2015
Return: -0.88 % Date: 5/31/2015
Return: 0.31 % Date: 4/30/2015
Return: 1.34 % Date: 3/31/2015
Return: 1.44 % Date: 2/28/2015
Return: 0.75 % Date: 1/31/2015
Return: 0.24 % Date: 12/31/2014
Return: 0.42 % Date: 11/30/2014
Return: -0.17 % Date: 10/31/2014
Return: -0.95 % Date: 9/30/2014
Return: -0.14 % Date: 8/31/2014
Return: 0.75 % Date: 7/31/2014
Return: 0.21 % Date: 6/30/2014
Return: 1.96 % Date: 5/31/2014
Return: -1.32 % Date: 4/30/2014
Return: 0.98 % Date: 3/31/2014
Return: 0.28 % Date: 2/28/2014
Return: 0.58 % Date: 1/31/2014
Return: 0.18 % Date: 12/31/2013
Return: -0.34 % Date: 11/30/2013
Return: -0.46 % Date: 10/31/2013
Return: 0.44 % Date: 9/30/2013
Return: 0.12 % Date: 8/31/2013
Return: -0.15 % Date: 7/31/2013
Return: 0.18 % Date: 6/30/2013
Return: 0.54 % Date: 5/31/2013
Return: 0.13 % Date: 4/30/2013
Return: 0.82 % Date: 3/31/2013
Return: -0.88 % Date: 2/28/2013
Return: -0.12 % Date: 1/31/2013
Return: 0.41 % Date: 12/31/2012
Return: 0.80 % Date: 11/30/2012
Return: 1.43 % Date: 10/31/2012
Return: 2.91 % Date: 9/30/2012
Return: 0.93 % Date: 8/31/2012
Return: -1.89 % Date: 7/31/2012
Return: 1.98 % Date: 6/30/2012
Return: -0.19 % Date: 5/31/2012
Return: 4.95 % Date: 4/30/2012
Return: 3.01 % Date: 3/31/2012
Return: -0.45 % Date: 2/29/2012
Return: 2.68 % Date: 1/31/2012
Return: -2.52 % Date: 12/31/2011
Return: 0.00 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 12/11 - 08/20
Return: -1.00 %
Count: 8 Return: 1.00 %
Count: 27 Return: -2.00 %
Count: 2 Return: 2.00 %
Count: 2 Return: 5.00 %
Count: 1 Return: 3.00 %
Count: 3 Return: -3.00 %
Count: 4 Return: 0.00 %
Count: 58

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Underwater Curve

Date Range: 12/11 - 08/20
Date: 8/31/2020
Drawdown: -4.87 % Date: 7/31/2020
Drawdown: -1.70 % Date: 6/30/2020
Drawdown: -1.85 % Date: 5/31/2020
Drawdown: -2.20 % Date: 4/30/2020
Drawdown: -2.30 % Date: 3/31/2020
Drawdown: -2.37 % Date: 2/29/2020
Drawdown: -0.60 % Date: 1/31/2020
Drawdown: -0.65 % Date: 12/31/2019
Drawdown: -0.54 % Date: 11/30/2019
Drawdown: -0.20 % Date: 10/31/2019
Drawdown: -0.16 % Date: 9/30/2019
Drawdown: 0.00 % Date: 8/31/2019
Drawdown: -0.12 % Date: 7/31/2019
Drawdown: -0.99 % Date: 6/30/2019
Drawdown: -1.38 % Date: 5/31/2019
Drawdown: -1.33 % Date: 4/30/2019
Drawdown: -2.04 % Date: 3/31/2019
Drawdown: -2.27 % Date: 2/28/2019
Drawdown: -3.14 % Date: 1/31/2019
Drawdown: -2.61 % Date: 12/31/2018
Drawdown: -2.73 % Date: 11/30/2018
Drawdown: -2.61 % Date: 10/31/2018
Drawdown: -3.25 % Date: 9/30/2018
Drawdown: 0.00 % Date: 8/31/2018
Drawdown: 0.00 % Date: 7/31/2018
Drawdown: 0.00 % Date: 6/30/2018
Drawdown: 0.00 % Date: 5/31/2018
Drawdown: -0.39 % Date: 4/30/2018
Drawdown: 0.00 % Date: 3/31/2018
Drawdown: -0.06 % Date: 2/28/2018
Drawdown: -0.17 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -0.25 % Date: 11/30/2017
Drawdown: -0.16 % Date: 10/31/2017
Drawdown: -0.54 % Date: 9/30/2017
Drawdown: 0.00 % Date: 8/31/2017
Drawdown: 0.00 % Date: 7/31/2017
Drawdown: -0.28 % Date: 6/30/2017
Drawdown: 0.00 % Date: 5/31/2017
Drawdown: 0.00 % Date: 4/30/2017
Drawdown: 0.00 % Date: 3/31/2017
Drawdown: 0.00 % Date: 2/28/2017
Drawdown: 0.00 % Date: 1/31/2017
Drawdown: 0.00 % Date: 12/31/2016
Drawdown: 0.00 % Date: 11/30/2016
Drawdown: 0.00 % Date: 10/31/2016
Drawdown: 0.00 % Date: 9/30/2016
Drawdown: 0.00 % Date: 8/31/2016
Drawdown: -0.26 % Date: 7/31/2016
Drawdown: -1.22 % Date: 6/30/2016
Drawdown: -1.36 % Date: 5/31/2016
Drawdown: -1.70 % Date: 4/30/2016
Drawdown: -2.49 % Date: 3/31/2016
Drawdown: -1.40 % Date: 2/29/2016
Drawdown: -0.34 % Date: 1/31/2016
Drawdown: -0.79 % Date: 12/31/2015
Drawdown: -0.91 % Date: 11/30/2015
Drawdown: -1.24 % Date: 10/31/2015
Drawdown: -1.60 % Date: 9/30/2015
Drawdown: -1.52 % Date: 8/31/2015
Drawdown: -2.63 % Date: 7/31/2015
Drawdown: 0.00 % Date: 6/30/2015
Drawdown: -0.88 % Date: 5/31/2015
Drawdown: 0.00 % Date: 4/30/2015
Drawdown: 0.00 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: -0.60 % Date: 12/31/2014
Drawdown: -0.84 % Date: 11/30/2014
Drawdown: -1.26 % Date: 10/31/2014
Drawdown: -1.09 % Date: 9/30/2014
Drawdown: -0.14 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: 0.00 % Date: 6/30/2014
Drawdown: 0.00 % Date: 5/31/2014
Drawdown: -1.32 % Date: 4/30/2014
Drawdown: 0.00 % Date: 3/31/2014
Drawdown: 0.00 % Date: 2/28/2014
Drawdown: -0.04 % Date: 1/31/2014
Drawdown: -0.62 % Date: 12/31/2013
Drawdown: -0.80 % Date: 11/30/2013
Drawdown: -0.46 % Date: 10/31/2013
Drawdown: 0.00 % Date: 9/30/2013
Drawdown: -0.03 % Date: 8/31/2013
Drawdown: -0.15 % Date: 7/31/2013
Drawdown: 0.00 % Date: 6/30/2013
Drawdown: 0.00 % Date: 5/31/2013
Drawdown: -0.06 % Date: 4/30/2013
Drawdown: -0.19 % Date: 3/31/2013
Drawdown: -1.00 % Date: 2/28/2013
Drawdown: -0.12 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: 0.00 % Date: 9/30/2012
Drawdown: -0.98 % Date: 8/31/2012
Drawdown: -1.89 % Date: 7/31/2012
Drawdown: 0.00 % Date: 6/30/2012
Drawdown: -0.19 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: 0.00 % Date: 3/31/2012
Drawdown: -0.45 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: -2.52 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Manager Information

Manager Name:  Certeza Asset Management LLC
Address: 1047 South 100 West, Suite 220
City: Logan
State: UT
Zip: 84321
Country: USA

Key People

Name:  Jim Macfarlane
Position:  Chief Executive Officer
Biography: 

Jim is the Chief Executive Officer of Certeza Asset Management. Prior to Certeza, Jim held various roles at Goldman Sachs in both the US and Europe during his 12-year career with the firm. While continuously advancing in position, Jim was involved in many aspects of team building, business development, and quantitative portfolio management for institutions, family offices, and ultra-high net worth clients. Ultimately, Jim left Goldman Sachs to realize an opportunity to join the leadership team at Certeza and build upon on the successful foundation within the VIX asset class. Born and raised in Utah, Jim received a B.S. in Finance from Utah State University (Jon M. Huntsman School of Business) in 2007 and a Masters in Finance from the London Business School in 2014. He is also a Chartered Financial Analyst (CFA) Charterholder.


Name:  Brett Nelson
Position:  Chief Investment Officer
Biography: 

Brett is the Chief Investment Officer and Managing Member of Certeza Asset Management. From an early age, Brett was fascinated and drawn to mathematics. He often competed in national mathematics competitions throughout his teenage years. This affinity towards complex math lead to an exploration of quantitative finance and derivatives markets during his later teenage years. He soon began trading his own account using his deep understanding of statistical modelling. Concurrent to this trading period, he participated in a peer group of sophisticated volatility traders to discuss and develop innovative trading concepts. The inception of VIX futures in 2004 was instrumental, as Brett became one of the earliest adopters to trade volatility directly and eliminate the difficulties inherent in utilizing traditional equity derivatives for volatility trading. His early entry into this new asset class allowed him to redefine and create specialized algorithms which would locate perceived statistical inefficiencies specific to VIX futures. In 2011, Brett launched Certeza, which currently manages approximately 80m AUM for Institutional, Fund of Funds and Family Offices. Born and raised in Utah, Brett received a B.S. in Finance from Utah State University (Jon M. Huntsman School of Business) in 2006. He is also a Chartered Financial Analyst Institute (CFA) Charterholder.


Additional Information

 Futures Sectors Traded
 Other Futures Yes 
 Investment Methodology
 Systematic Yes 
 Sector Specialist Yes 
 Quantitative Analysis Yes 
 Arbitrage Yes 
 Volatility Trading Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Medium Term Yes 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $200,000 
 Margin / Equity Ratio: 5% 
 Managed Account Availability: Open 
Copyright © 2020 CoquestTradersResearch.com
All rights Reserved