Amapa Capital Advisors LLC

Amapa Investment Program *QEP*


Monthly Performance (%)

Date Range: 01/07 - 10/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 -1.61 0.43 4.76 3.17 0.44 -0.58 -0.73 -0.41 -2.14 -0.30   2.87 
2019 1.33 0.97 -1.59 2.32 -1.18 0.22 -0.21 0.05 0.99 -1.90 1.74 -1.90  0.73 
2018 -0.86 -3.06 1.95 1.44 1.27 -1.02 0.15 1.34 2.15 5.46 8.66 0.89  19.41 
2017 -0.61 -1.70 1.23 2.10 -0.83 -0.92 1.42 3.89 0.21 -3.82 1.30 -0.73  1.33 
2016 -0.96 2.47 -0.42 0.97 0.83 7.34 0.34 -0.60 2.50 0.42 1.63 5.18  21.19 
2015 2.75 2.99 -0.90 1.88 -2.06 0.24 -0.17 -0.17 0.84 3.15 0.59 -4.36  4.61 
2014 -6.50 9.24 -3.44 4.33 -4.59 -0.87 -1.72 -2.15 2.10 2.75 0.03 -3.84  -5.56 
2013 2.69 -3.93 -3.54 0.91 3.43 -4.76 -1.65 2.46 -3.82 -0.30 -0.72 5.31  -4.43 
2012 6.62 4.16 -2.37 0.00 -3.93 -2.15 0.66 0.91 -1.00 -2.75 -2.06 -0.53  -2.90 
2011 3.58 13.35 1.24 3.23 -14.73 -5.52 1.60 -1.59 -0.74 -2.10 2.71 6.31  4.87 
2010 2.28 -3.15 -0.55 5.15 -1.39 -3.70 -2.88 1.16 -3.87 -2.56 -0.18 -2.91  -12.27 
2009 10.15 1.34 3.06 4.45 -4.84 0.02 0.25 1.12 -1.29 -1.75 1.04 3.71  17.82 
2008 4.57 4.92 9.14 7.86 4.99 18.48 24.53 -4.56 -11.49 -5.78 -2.08 1.84  58.79 
2007 -2.36 4.98 -2.89 1.29 9.28 8.54 -9.89 0.05 -10.80 -6.91 2.78  -7.98 

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

The Amapa Investment Strategy is a discretionary energy program focused on petroleum and natural gas. The investment strategy merges an analysis of supply demand dynamics to identify themes and biases with a thorough review of technical/seasonal factors to filter trade ideas and define risk reward parameters. The program implements directional and relative value trades. The holding period varies from intraday to a couple of months, depending on the commodity being traded, the volatility of the underlying and the tactical vs structural nature of the trade.

Performance Statistics

Date Range: 01/07 - 10/20
  Program S&P 500 Coquest 40 
Total Return 120.64% 208.27% 28.60% 
Annualized Return 5.92% 8.48% 1.83% 
Annualized Std. Deviation 15.68% 15.37% 8.76% 
Correlation 0.01 0.02 
Sharpe Ratio (rf=2.5%) 0.22 0.39 -0.08 
Worst Month -14.73% -16.79% -6.10% 
Date of Worst Month 05/2011 10/2008 02/2018 
Worst Drawdown -25.84% -50.95% -15.74% 
Date of Worst Drawdown 4/11 - 1/14 10/07 - 2/09 4/11 - 9/13 

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: 01/07 - 10/20
Year or YTD Program S&P 500 Coquest 40 
2020 2.87 2.77 -3.54 
2019 0.73 31.50 7.53 
2018 19.41 -4.38 -4.29 
2017 1.33 21.84 1.24 
2016 21.19 11.98 -3.13 
2015 4.61 1.41 0.09 
2014 -5.56 13.69 15.75 
2013 -4.43 32.41 -2.45 
2012 -2.90 15.98 -4.75 
2011 4.87 2.12 -3.23 
2010 -12.27 15.06 11.33 
2009 17.82 26.45 -7.98 
2008 58.79 -36.99 15.47 
2007 -7.98 3.93 5.38 

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: 01/07 - 10/20
Date: 10/31/2020
Perf: $1,264.35 Date: 9/30/2020
Perf: $1,268.41 Date: 8/31/2020
Perf: $1,287.20 Date: 7/31/2020
Perf: $1,301.91 Date: 6/30/2020
Perf: $1,277.51 Date: 5/31/2020
Perf: $1,294.08 Date: 4/30/2020
Perf: $1,309.40 Date: 3/31/2020
Perf: $1,305.09 Date: 2/29/2020
Perf: $1,304.31 Date: 1/31/2020
Perf: $1,324.03 Date: 12/31/2019
Perf: $1,310.80 Date: 11/30/2019
Perf: $1,318.97 Date: 10/31/2019
Perf: $1,306.17 Date: 9/30/2019
Perf: $1,335.69 Date: 8/31/2019
Perf: $1,373.74 Date: 7/31/2019
Perf: $1,325.75 Date: 6/30/2019
Perf: $1,282.03 Date: 5/31/2019
Perf: $1,256.90 Date: 4/30/2019
Perf: $1,282.02 Date: 3/31/2019
Perf: $1,247.71 Date: 2/28/2019
Perf: $1,204.47 Date: 1/31/2019
Perf: $1,196.81 Date: 12/31/2018
Perf: $1,219.00 Date: 11/30/2018
Perf: $1,213.90 Date: 10/31/2018
Perf: $1,228.64 Date: 9/30/2018
Perf: $1,259.76 Date: 8/31/2018
Perf: $1,265.45 Date: 7/31/2018
Perf: $1,233.99 Date: 6/30/2018
Perf: $1,243.31 Date: 5/31/2018
Perf: $1,232.95 Date: 4/30/2018
Perf: $1,249.07 Date: 3/31/2018
Perf: $1,235.72 Date: 2/28/2018
Perf: $1,236.84 Date: 1/31/2018
Perf: $1,317.18 Date: 12/31/2017
Perf: $1,273.63 Date: 11/30/2017
Perf: $1,259.89 Date: 10/31/2017
Perf: $1,258.26 Date: 9/30/2017
Perf: $1,207.66 Date: 8/31/2017
Perf: $1,233.69 Date: 7/31/2017
Perf: $1,213.54 Date: 6/30/2017
Perf: $1,208.83 Date: 5/31/2017
Perf: $1,245.19 Date: 4/30/2017
Perf: $1,242.83 Date: 3/31/2017
Perf: $1,250.33 Date: 2/28/2017
Perf: $1,268.85 Date: 1/31/2017
Perf: $1,241.78 Date: 12/31/2016
Perf: $1,258.01 Date: 11/30/2016
Perf: $1,248.52 Date: 10/31/2016
Perf: $1,262.41 Date: 9/30/2016
Perf: $1,295.84 Date: 8/31/2016
Perf: $1,312.78 Date: 7/31/2016
Perf: $1,349.07 Date: 6/30/2016
Perf: $1,335.44 Date: 5/31/2016
Perf: $1,281.00 Date: 4/30/2016
Perf: $1,303.82 Date: 3/31/2016
Perf: $1,337.39 Date: 2/29/2016
Perf: $1,376.90 Date: 1/31/2016
Perf: $1,343.85 Date: 12/31/2015
Perf: $1,298.65 Date: 11/30/2015
Perf: $1,329.22 Date: 10/31/2015
Perf: $1,285.39 Date: 9/30/2015
Perf: $1,308.15 Date: 8/31/2015
Perf: $1,280.37 Date: 7/31/2015
Perf: $1,302.91 Date: 6/30/2015
Perf: $1,253.88 Date: 5/31/2015
Perf: $1,322.66 Date: 4/30/2015
Perf: $1,332.25 Date: 3/31/2015
Perf: $1,385.74 Date: 2/28/2015
Perf: $1,355.78 Date: 1/31/2015
Perf: $1,357.95 Date: 12/31/2014
Perf: $1,297.49 Date: 11/30/2014
Perf: $1,275.05 Date: 10/31/2014
Perf: $1,203.44 Date: 9/30/2014
Perf: $1,186.01 Date: 8/31/2014
Perf: $1,168.60 Date: 7/31/2014
Perf: $1,121.17 Date: 6/30/2014
Perf: $1,130.21 Date: 5/31/2014
Perf: $1,120.58 Date: 4/30/2014
Perf: $1,092.61 Date: 3/31/2014
Perf: $1,084.37 Date: 2/28/2014
Perf: $1,100.66 Date: 1/31/2014
Perf: $1,091.70 Date: 12/31/2013
Perf: $1,120.96 Date: 11/30/2013
Perf: $1,122.53 Date: 10/31/2013
Perf: $1,102.58 Date: 9/30/2013
Perf: $1,077.89 Date: 8/31/2013
Perf: $1,084.40 Date: 7/31/2013
Perf: $1,105.63 Date: 6/30/2013
Perf: $1,115.33 Date: 5/31/2013
Perf: $1,159.27 Date: 4/30/2013
Perf: $1,211.35 Date: 3/31/2013
Perf: $1,180.89 Date: 2/28/2013
Perf: $1,164.12 Date: 1/31/2013
Perf: $1,170.91 Date: 12/31/2012
Perf: $1,149.08 Date: 11/30/2012
Perf: $1,143.48 Date: 10/31/2012
Perf: $1,140.29 Date: 9/30/2012
Perf: $1,183.12 Date: 8/31/2012
Perf: $1,202.96 Date: 7/31/2012
Perf: $1,219.55 Date: 6/30/2012
Perf: $1,171.63 Date: 5/31/2012
Perf: $1,217.40 Date: 4/30/2012
Perf: $1,194.71 Date: 3/31/2012
Perf: $1,187.58 Date: 2/29/2012
Perf: $1,215.16 Date: 1/31/2012
Perf: $1,210.20 Date: 12/31/2011
Perf: $1,206.34 Date: 11/30/2011
Perf: $1,194.87 Date: 10/31/2011
Perf: $1,191.30 Date: 9/30/2011
Perf: $1,240.42 Date: 8/31/2011
Perf: $1,241.16 Date: 7/31/2011
Perf: $1,243.65 Date: 6/30/2011
Perf: $1,200.55 Date: 5/31/2011
Perf: $1,232.60 Date: 4/30/2011
Perf: $1,279.29 Date: 3/31/2011
Perf: $1,231.27 Date: 2/28/2011
Perf: $1,250.40 Date: 1/31/2011
Perf: $1,229.50 Date: 12/31/2010
Perf: $1,246.58 Date: 11/30/2010
Perf: $1,195.30 Date: 10/31/2010
Perf: $1,239.17 Date: 9/30/2010
Perf: $1,192.88 Date: 8/31/2010
Perf: $1,171.56 Date: 7/31/2010
Perf: $1,124.99 Date: 6/30/2010
Perf: $1,139.69 Date: 5/31/2010
Perf: $1,135.37 Date: 4/30/2010
Perf: $1,163.53 Date: 3/31/2010
Perf: $1,145.89 Date: 2/28/2010
Perf: $1,102.13 Date: 1/31/2010
Perf: $1,091.87 Date: 12/31/2009
Perf: $1,119.75 Date: 11/30/2009
Perf: $1,166.41 Date: 10/31/2009
Perf: $1,121.22 Date: 9/30/2009
Perf: $1,150.68 Date: 8/31/2009
Perf: $1,123.93 Date: 7/31/2009
Perf: $1,120.23 Date: 6/30/2009
Perf: $1,121.47 Date: 5/31/2009
Perf: $1,152.11 Date: 4/30/2009
Perf: $1,136.43 Date: 3/31/2009
Perf: $1,174.85 Date: 2/28/2009
Perf: $1,208.32 Date: 1/31/2009
Perf: $1,208.92 Date: 12/31/2008
Perf: $1,216.83 Date: 11/30/2008
Perf: $1,186.34 Date: 10/31/2008
Perf: $1,144.34 Date: 9/30/2008
Perf: $1,088.30 Date: 8/31/2008
Perf: $1,086.02 Date: 7/31/2008
Perf: $1,115.81 Date: 6/30/2008
Perf: $1,169.49 Date: 5/31/2008
Perf: $1,139.07 Date: 4/30/2008
Perf: $1,116.08 Date: 3/31/2008
Perf: $1,129.07 Date: 2/29/2008
Perf: $1,134.06 Date: 1/31/2008
Perf: $1,073.00 Date: 12/31/2007
Perf: $1,053.82 Date: 11/30/2007
Perf: $1,056.25 Date: 10/31/2007
Perf: $1,063.16 Date: 9/30/2007
Perf: $1,019.23 Date: 8/31/2007
Perf: $973.76 Date: 7/31/2007
Perf: $1,011.49 Date: 6/30/2007
Perf: $1,043.74 Date: 5/31/2007
Perf: $1,014.42 Date: 4/30/2007
Perf: $979.46 Date: 3/31/2007
Perf: $939.98 Date: 2/28/2007
Perf: $962.50 Date: 1/31/2007
Perf: $1,000.00 Date: 10/31/2020
Perf: $3,036.89 Date: 9/30/2020
Perf: $3,119.88 Date: 8/31/2020
Perf: $3,243.12 Date: 7/31/2020
Perf: $3,025.58 Date: 6/30/2020
Perf: $2,864.05 Date: 5/31/2020
Perf: $2,808.16 Date: 4/30/2020
Perf: $2,680.57 Date: 3/31/2020
Perf: $2,375.97 Date: 2/29/2020
Perf: $2,710.75 Date: 1/31/2020
Perf: $2,953.85 Date: 12/31/2019
Perf: $2,955.03 Date: 11/30/2019
Perf: $2,868.41 Date: 10/31/2019
Perf: $2,767.93 Date: 9/30/2019
Perf: $2,709.14 Date: 8/31/2019
Perf: $2,659.41 Date: 7/31/2019
Perf: $2,702.10 Date: 6/30/2019
Perf: $2,663.75 Date: 5/31/2019
Perf: $2,488.32 Date: 4/30/2019
Perf: $2,657.04 Date: 3/31/2019
Perf: $2,553.62 Date: 2/28/2019
Perf: $2,505.02 Date: 1/31/2019
Perf: $2,427.11 Date: 12/31/2018
Perf: $2,247.12 Date: 11/30/2018
Perf: $2,470.17 Date: 10/31/2018
Perf: $2,420.79 Date: 9/30/2018
Perf: $2,598.53 Date: 8/31/2018
Perf: $2,583.80 Date: 7/31/2018
Perf: $2,502.23 Date: 6/30/2018
Perf: $2,412.49 Date: 5/31/2018
Perf: $2,397.62 Date: 4/30/2018
Perf: $2,341.20 Date: 3/31/2018
Perf: $2,332.33 Date: 2/28/2018
Perf: $2,393.12 Date: 1/31/2018
Perf: $2,484.81 Date: 12/31/2017
Perf: $2,350.15 Date: 11/30/2017
Perf: $2,324.35 Date: 10/31/2017
Perf: $2,255.11 Date: 9/30/2017
Perf: $2,203.77 Date: 8/31/2017
Perf: $2,159.28 Date: 7/31/2017
Perf: $2,152.61 Date: 6/30/2017
Perf: $2,109.16 Date: 5/31/2017
Perf: $2,096.17 Date: 4/30/2017
Perf: $2,067.02 Date: 3/31/2017
Perf: $2,045.95 Date: 2/28/2017
Perf: $2,043.50 Date: 1/31/2017
Perf: $1,965.47 Date: 12/31/2016
Perf: $1,928.82 Date: 11/30/2016
Perf: $1,891.37 Date: 10/31/2016
Perf: $1,823.89 Date: 9/30/2016
Perf: $1,857.70 Date: 8/31/2016
Perf: $1,857.32 Date: 7/31/2016
Perf: $1,854.73 Date: 6/30/2016
Perf: $1,788.72 Date: 5/31/2016
Perf: $1,784.09 Date: 4/30/2016
Perf: $1,752.54 Date: 3/31/2016
Perf: $1,745.73 Date: 2/29/2016
Perf: $1,634.89 Date: 1/31/2016
Perf: $1,637.01 Date: 12/31/2015
Perf: $1,722.45 Date: 11/30/2015
Perf: $1,750.10 Date: 10/31/2015
Perf: $1,744.86 Date: 9/30/2015
Perf: $1,609.06 Date: 8/31/2015
Perf: $1,649.81 Date: 7/31/2015
Perf: $1,755.68 Date: 6/30/2015
Perf: $1,719.57 Date: 5/31/2015
Perf: $1,753.59 Date: 4/30/2015
Perf: $1,731.25 Date: 3/31/2015
Perf: $1,714.79 Date: 2/28/2015
Perf: $1,742.32 Date: 1/31/2015
Perf: $1,647.58 Date: 12/31/2014
Perf: $1,698.54 Date: 11/30/2014
Perf: $1,702.80 Date: 10/31/2014
Perf: $1,658.19 Date: 9/30/2014
Perf: $1,618.70 Date: 8/31/2014
Perf: $1,641.68 Date: 7/31/2014
Perf: $1,578.54 Date: 6/30/2014
Perf: $1,600.63 Date: 5/31/2014
Perf: $1,568.17 Date: 4/30/2014
Perf: $1,532.16 Date: 3/31/2014
Perf: $1,520.90 Date: 2/28/2014
Perf: $1,508.24 Date: 1/31/2014
Perf: $1,442.32 Date: 12/31/2013
Perf: $1,494.01 Date: 11/30/2013
Perf: $1,457.15 Date: 10/31/2013
Perf: $1,414.02 Date: 9/30/2013
Perf: $1,351.84 Date: 8/31/2013
Perf: $1,310.68 Date: 7/31/2013
Perf: $1,349.83 Date: 6/30/2013
Perf: $1,284.45 Date: 5/31/2013
Perf: $1,301.89 Date: 4/30/2013
Perf: $1,272.13 Date: 3/31/2013
Perf: $1,248.04 Date: 2/28/2013
Perf: $1,202.93 Date: 1/31/2013
Perf: $1,186.79 Date: 12/31/2012
Perf: $1,128.34 Date: 11/30/2012
Perf: $1,118.16 Date: 10/31/2012
Perf: $1,111.72 Date: 9/30/2012
Perf: $1,132.67 Date: 8/31/2012
Perf: $1,104.18 Date: 7/31/2012
Perf: $1,079.89 Date: 6/30/2012
Perf: $1,065.08 Date: 5/31/2012
Perf: $1,022.94 Date: 4/30/2012
Perf: $1,088.35 Date: 3/31/2012
Perf: $1,095.25 Date: 2/29/2012
Perf: $1,060.36 Date: 1/31/2012
Perf: $1,016.45 Date: 12/31/2011
Perf: $972.86 Date: 11/30/2011
Perf: $963.04 Date: 10/31/2011
Perf: $965.17 Date: 9/30/2011
Perf: $870.07 Date: 8/31/2011
Perf: $935.86 Date: 7/31/2011
Perf: $989.59 Date: 6/30/2011
Perf: $1,010.10 Date: 5/31/2011
Perf: $1,027.25 Date: 4/30/2011
Perf: $1,038.99 Date: 3/31/2011
Perf: $1,009.12 Date: 2/28/2011
Perf: $1,008.72 Date: 1/31/2011
Perf: $975.27 Date: 12/31/2010
Perf: $952.69 Date: 11/30/2010
Perf: $893.03 Date: 10/31/2010
Perf: $892.95 Date: 9/30/2010
Perf: $860.17 Date: 8/31/2010
Perf: $789.73 Date: 7/31/2010
Perf: $827.03 Date: 6/30/2010
Perf: $772.85 Date: 5/31/2010
Perf: $815.50 Date: 4/30/2010
Perf: $886.32 Date: 3/31/2010
Perf: $872.53 Date: 2/28/2010
Perf: $822.91 Date: 1/31/2010
Perf: $798.17 Date: 12/31/2009
Perf: $827.98 Date: 11/30/2009
Perf: $812.30 Date: 10/31/2009
Perf: $766.32 Date: 9/30/2009
Perf: $780.84 Date: 8/31/2009
Perf: $752.76 Date: 7/31/2009
Perf: $726.54 Date: 6/30/2009
Perf: $675.47 Date: 5/31/2009
Perf: $674.12 Date: 4/30/2009
Perf: $638.43 Date: 3/31/2009
Perf: $582.67 Date: 2/28/2009
Perf: $535.74 Date: 1/31/2009
Perf: $599.60 Date: 12/31/2008
Perf: $654.80 Date: 11/30/2008
Perf: $647.93 Date: 10/31/2008
Perf: $698.05 Date: 9/30/2008
Perf: $838.90 Date: 8/31/2008
Perf: $920.96 Date: 7/31/2008
Perf: $907.80 Date: 6/30/2008
Perf: $915.49 Date: 5/31/2008
Perf: $999.77 Date: 4/30/2008
Perf: $986.94 Date: 3/31/2008
Perf: $941.10 Date: 2/29/2008
Perf: $945.17 Date: 1/31/2008
Perf: $976.92 Date: 12/31/2007
Perf: $1,039.27 Date: 11/30/2007
Perf: $1,046.50 Date: 10/31/2007
Perf: $1,092.15 Date: 9/30/2007
Perf: $1,075.05 Date: 8/31/2007
Perf: $1,036.30 Date: 7/31/2007
Perf: $1,020.98 Date: 6/30/2007
Perf: $1,053.64 Date: 5/31/2007
Perf: $1,071.43 Date: 4/30/2007
Perf: $1,035.30 Date: 3/31/2007
Perf: $991.38 Date: 2/28/2007
Perf: $980.40 Date: 1/31/2007
Perf: $1,000.00 Date: 10/31/2020
Perf: $2,206.41 Date: 9/30/2020
Perf: $2,213.05 Date: 8/31/2020
Perf: $2,261.45 Date: 7/31/2020
Perf: $2,270.76 Date: 6/30/2020
Perf: $2,287.46 Date: 5/31/2020
Perf: $2,300.80 Date: 4/30/2020
Perf: $2,290.72 Date: 3/31/2020
Perf: $2,220.34 Date: 2/29/2020
Perf: $2,119.45 Date: 1/31/2020
Perf: $2,110.38 Date: 12/31/2019
Perf: $2,144.91 Date: 11/30/2019
Perf: $2,186.45 Date: 10/31/2019
Perf: $2,149.06 Date: 9/30/2019
Perf: $2,190.68 Date: 8/31/2019
Perf: $2,169.21 Date: 7/31/2019
Perf: $2,168.12 Date: 6/30/2019
Perf: $2,172.69 Date: 5/31/2019
Perf: $2,167.92 Date: 4/30/2019
Perf: $2,193.80 Date: 3/31/2019
Perf: $2,144.06 Date: 2/28/2019
Perf: $2,178.70 Date: 1/31/2019
Perf: $2,157.77 Date: 12/31/2018
Perf: $2,129.45 Date: 11/30/2018
Perf: $2,110.66 Date: 10/31/2018
Perf: $1,942.45 Date: 9/30/2018
Perf: $1,841.88 Date: 8/31/2018
Perf: $1,803.11 Date: 7/31/2018
Perf: $1,779.27 Date: 6/30/2018
Perf: $1,776.61 Date: 5/31/2018
Perf: $1,794.92 Date: 4/30/2018
Perf: $1,772.41 Date: 3/31/2018
Perf: $1,747.25 Date: 2/28/2018
Perf: $1,713.83 Date: 1/31/2018
Perf: $1,767.92 Date: 12/31/2017
Perf: $1,783.26 Date: 11/30/2017
Perf: $1,796.37 Date: 10/31/2017
Perf: $1,773.32 Date: 9/30/2017
Perf: $1,843.75 Date: 8/31/2017
Perf: $1,839.89 Date: 7/31/2017
Perf: $1,771.00 Date: 6/30/2017
Perf: $1,746.20 Date: 5/31/2017
Perf: $1,762.42 Date: 4/30/2017
Perf: $1,777.17 Date: 3/31/2017
Perf: $1,740.61 Date: 2/28/2017
Perf: $1,719.46 Date: 1/31/2017
Perf: $1,749.20 Date: 12/31/2016
Perf: $1,759.94 Date: 11/30/2016
Perf: $1,673.26 Date: 10/31/2016
Perf: $1,646.42 Date: 9/30/2016
Perf: $1,639.54 Date: 8/31/2016
Perf: $1,599.55 Date: 7/31/2016
Perf: $1,609.20 Date: 6/30/2016
Perf: $1,603.75 Date: 5/31/2016
Perf: $1,494.09 Date: 4/30/2016
Perf: $1,481.79 Date: 3/31/2016
Perf: $1,467.55 Date: 2/29/2016
Perf: $1,473.74 Date: 1/31/2016
Perf: $1,438.22 Date: 12/31/2015
Perf: $1,452.16 Date: 11/30/2015
Perf: $1,518.36 Date: 10/31/2015
Perf: $1,509.45 Date: 9/30/2015
Perf: $1,463.36 Date: 8/31/2015
Perf: $1,451.17 Date: 7/31/2015
Perf: $1,453.64 Date: 6/30/2015
Perf: $1,456.11 Date: 5/31/2015
Perf: $1,452.63 Date: 4/30/2015
Perf: $1,483.18 Date: 3/31/2015
Perf: $1,455.81 Date: 2/28/2015
Perf: $1,469.03 Date: 1/31/2015
Perf: $1,426.38 Date: 12/31/2014
Perf: $1,388.21 Date: 11/30/2014
Perf: $1,443.64 Date: 10/31/2014
Perf: $1,443.21 Date: 9/30/2014
Perf: $1,404.59 Date: 8/31/2014
Perf: $1,375.70 Date: 7/31/2014
Perf: $1,405.92 Date: 6/30/2014
Perf: $1,430.53 Date: 5/31/2014
Perf: $1,443.08 Date: 4/30/2014
Perf: $1,512.51 Date: 3/31/2014
Perf: $1,449.73 Date: 2/28/2014
Perf: $1,501.38 Date: 1/31/2014
Perf: $1,374.39 Date: 12/31/2013
Perf: $1,469.93 Date: 11/30/2013
Perf: $1,395.82 Date: 10/31/2013
Perf: $1,405.94 Date: 9/30/2013
Perf: $1,410.17 Date: 8/31/2013
Perf: $1,466.18 Date: 7/31/2013
Perf: $1,430.97 Date: 6/30/2013
Perf: $1,454.98 Date: 5/31/2013
Perf: $1,527.70 Date: 4/30/2013
Perf: $1,477.04 Date: 3/31/2013
Perf: $1,463.72 Date: 2/28/2013
Perf: $1,517.44 Date: 1/31/2013
Perf: $1,579.51 Date: 12/31/2012
Perf: $1,538.13 Date: 11/30/2012
Perf: $1,546.33 Date: 10/31/2012
Perf: $1,578.85 Date: 9/30/2012
Perf: $1,623.50 Date: 8/31/2012
Perf: $1,639.90 Date: 7/31/2012
Perf: $1,625.11 Date: 6/30/2012
Perf: $1,614.46 Date: 5/31/2012
Perf: $1,649.93 Date: 4/30/2012
Perf: $1,717.42 Date: 3/31/2012
Perf: $1,717.42 Date: 2/29/2012
Perf: $1,759.11 Date: 1/31/2012
Perf: $1,688.86 Date: 12/31/2011
Perf: $1,584.00 Date: 11/30/2011
Perf: $1,489.98 Date: 10/31/2011
Perf: $1,450.67 Date: 9/30/2011
Perf: $1,481.78 Date: 8/31/2011
Perf: $1,492.83 Date: 7/31/2011
Perf: $1,516.95 Date: 6/30/2011
Perf: $1,493.06 Date: 5/31/2011
Perf: $1,580.29 Date: 4/30/2011
Perf: $1,853.28 Date: 3/31/2011
Perf: $1,795.29 Date: 2/28/2011
Perf: $1,773.31 Date: 1/31/2011
Perf: $1,564.45 Date: 12/31/2010
Perf: $1,510.38 Date: 11/30/2010
Perf: $1,555.65 Date: 10/31/2010
Perf: $1,558.45 Date: 9/30/2010
Perf: $1,599.40 Date: 8/31/2010
Perf: $1,663.79 Date: 7/31/2010
Perf: $1,644.71 Date: 6/30/2010
Perf: $1,693.48 Date: 5/31/2010
Perf: $1,758.55 Date: 4/30/2010
Perf: $1,783.34 Date: 3/31/2010
Perf: $1,695.99 Date: 2/28/2010
Perf: $1,705.37 Date: 1/31/2010
Perf: $1,760.84 Date: 12/31/2009
Perf: $1,721.59 Date: 11/30/2009
Perf: $1,660.00 Date: 10/31/2009
Perf: $1,642.91 Date: 9/30/2009
Perf: $1,672.18 Date: 8/31/2009
Perf: $1,694.03 Date: 7/31/2009
Perf: $1,675.27 Date: 6/30/2009
Perf: $1,671.09 Date: 5/31/2009
Perf: $1,670.76 Date: 4/30/2009
Perf: $1,755.73 Date: 3/31/2009
Perf: $1,680.93 Date: 2/28/2009
Perf: $1,631.02 Date: 1/31/2009
Perf: $1,609.46 Date: 12/31/2008
Perf: $1,461.15 Date: 11/30/2008
Perf: $1,434.75 Date: 10/31/2008
Perf: $1,465.23 Date: 9/30/2008
Perf: $1,555.11 Date: 8/31/2008
Perf: $1,756.99 Date: 7/31/2008
Perf: $1,840.94 Date: 6/30/2008
Perf: $1,478.31 Date: 5/31/2008
Perf: $1,247.73 Date: 4/30/2008
Perf: $1,188.42 Date: 3/31/2008
Perf: $1,101.82 Date: 2/29/2008
Perf: $1,009.55 Date: 1/31/2008
Perf: $962.21 Date: 12/31/2007
Perf: $920.16 Date: 11/30/2007
Perf: $895.27 Date: 10/31/2007
Perf: $961.72 Date: 9/30/2007
Perf: $1,078.17 Date: 8/31/2007
Perf: $1,077.63 Date: 7/31/2007
Perf: $1,195.90 Date: 6/30/2007
Perf: $1,101.81 Date: 5/31/2007
Perf: $1,008.24 Date: 4/30/2007
Perf: $995.40 Date: 3/31/2007
Perf: $1,025.02 Date: 2/28/2007
Perf: $976.40 Date: 1/31/2007
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: 01/07 - 10/20
Date: 10/31/2020
Return: -0.30 % Date: 9/30/2020
Return: -2.14 % Date: 8/31/2020
Return: -0.41 % Date: 7/31/2020
Return: -0.73 % Date: 6/30/2020
Return: -0.58 % Date: 5/31/2020
Return: 0.44 % Date: 4/30/2020
Return: 3.17 % Date: 3/31/2020
Return: 4.76 % Date: 2/29/2020
Return: 0.43 % Date: 1/31/2020
Return: -1.61 % Date: 12/31/2019
Return: -1.90 % Date: 11/30/2019
Return: 1.74 % Date: 10/31/2019
Return: -1.90 % Date: 9/30/2019
Return: 0.99 % Date: 8/31/2019
Return: 0.05 % Date: 7/31/2019
Return: -0.21 % Date: 6/30/2019
Return: 0.22 % Date: 5/31/2019
Return: -1.18 % Date: 4/30/2019
Return: 2.32 % Date: 3/31/2019
Return: -1.59 % Date: 2/28/2019
Return: 0.97 % Date: 1/31/2019
Return: 1.33 % Date: 12/31/2018
Return: 0.89 % Date: 11/30/2018
Return: 8.66 % Date: 10/31/2018
Return: 5.46 % Date: 9/30/2018
Return: 2.15 % Date: 8/31/2018
Return: 1.34 % Date: 7/31/2018
Return: 0.15 % Date: 6/30/2018
Return: -1.02 % Date: 5/31/2018
Return: 1.27 % Date: 4/30/2018
Return: 1.44 % Date: 3/31/2018
Return: 1.95 % Date: 2/28/2018
Return: -3.06 % Date: 1/31/2018
Return: -0.86 % Date: 12/31/2017
Return: -0.73 % Date: 11/30/2017
Return: 1.30 % Date: 10/31/2017
Return: -3.82 % Date: 9/30/2017
Return: 0.21 % Date: 8/31/2017
Return: 3.89 % Date: 7/31/2017
Return: 1.42 % Date: 6/30/2017
Return: -0.92 % Date: 5/31/2017
Return: -0.83 % Date: 4/30/2017
Return: 2.10 % Date: 3/31/2017
Return: 1.23 % Date: 2/28/2017
Return: -1.70 % Date: 1/31/2017
Return: -0.61 % Date: 12/31/2016
Return: 5.18 % Date: 11/30/2016
Return: 1.63 % Date: 10/31/2016
Return: 0.42 % Date: 9/30/2016
Return: 2.50 % Date: 8/31/2016
Return: -0.60 % Date: 7/31/2016
Return: 0.34 % Date: 6/30/2016
Return: 7.34 % Date: 5/31/2016
Return: 0.83 % Date: 4/30/2016
Return: 0.97 % Date: 3/31/2016
Return: -0.42 % Date: 2/29/2016
Return: 2.47 % Date: 1/31/2016
Return: -0.96 % Date: 12/31/2015
Return: -4.36 % Date: 11/30/2015
Return: 0.59 % Date: 10/31/2015
Return: 3.15 % Date: 9/30/2015
Return: 0.84 % Date: 8/31/2015
Return: -0.17 % Date: 7/31/2015
Return: -0.17 % Date: 6/30/2015
Return: 0.24 % Date: 5/31/2015
Return: -2.06 % Date: 4/30/2015
Return: 1.88 % Date: 3/31/2015
Return: -0.90 % Date: 2/28/2015
Return: 2.99 % Date: 1/31/2015
Return: 2.75 % Date: 12/31/2014
Return: -3.84 % Date: 11/30/2014
Return: 0.03 % Date: 10/31/2014
Return: 2.75 % Date: 9/30/2014
Return: 2.10 % Date: 8/31/2014
Return: -2.15 % Date: 7/31/2014
Return: -1.72 % Date: 6/30/2014
Return: -0.87 % Date: 5/31/2014
Return: -4.59 % Date: 4/30/2014
Return: 4.33 % Date: 3/31/2014
Return: -3.44 % Date: 2/28/2014
Return: 9.24 % Date: 1/31/2014
Return: -6.50 % Date: 12/31/2013
Return: 5.31 % Date: 11/30/2013
Return: -0.72 % Date: 10/31/2013
Return: -0.30 % Date: 9/30/2013
Return: -3.82 % Date: 8/31/2013
Return: 2.46 % Date: 7/31/2013
Return: -1.65 % Date: 6/30/2013
Return: -4.76 % Date: 5/31/2013
Return: 3.43 % Date: 4/30/2013
Return: 0.91 % Date: 3/31/2013
Return: -3.54 % Date: 2/28/2013
Return: -3.93 % Date: 1/31/2013
Return: 2.69 % Date: 12/31/2012
Return: -0.53 % Date: 11/30/2012
Return: -2.06 % Date: 10/31/2012
Return: -2.75 % Date: 9/30/2012
Return: -1.00 % Date: 8/31/2012
Return: 0.91 % Date: 7/31/2012
Return: 0.66 % Date: 6/30/2012
Return: -2.15 % Date: 5/31/2012
Return: -3.93 % Date: 4/30/2012
Return: 0.00 % Date: 3/31/2012
Return: -2.37 % Date: 2/29/2012
Return: 4.16 % Date: 1/31/2012
Return: 6.62 % Date: 12/31/2011
Return: 6.31 % Date: 11/30/2011
Return: 2.71 % Date: 10/31/2011
Return: -2.10 % Date: 9/30/2011
Return: -0.74 % Date: 8/31/2011
Return: -1.59 % Date: 7/31/2011
Return: 1.60 % Date: 6/30/2011
Return: -5.52 % Date: 5/31/2011
Return: -14.73 % Date: 4/30/2011
Return: 3.23 % Date: 3/31/2011
Return: 1.24 % Date: 2/28/2011
Return: 13.35 % Date: 1/31/2011
Return: 3.58 % Date: 12/31/2010
Return: -2.91 % Date: 11/30/2010
Return: -0.18 % Date: 10/31/2010
Return: -2.56 % Date: 9/30/2010
Return: -3.87 % Date: 8/31/2010
Return: 1.16 % Date: 7/31/2010
Return: -2.88 % Date: 6/30/2010
Return: -3.70 % Date: 5/31/2010
Return: -1.39 % Date: 4/30/2010
Return: 5.15 % Date: 3/31/2010
Return: -0.55 % Date: 2/28/2010
Return: -3.15 % Date: 1/31/2010
Return: 2.28 % Date: 12/31/2009
Return: 3.71 % Date: 11/30/2009
Return: 1.04 % Date: 10/31/2009
Return: -1.75 % Date: 9/30/2009
Return: -1.29 % Date: 8/31/2009
Return: 1.12 % Date: 7/31/2009
Return: 0.25 % Date: 6/30/2009
Return: 0.02 % Date: 5/31/2009
Return: -4.84 % Date: 4/30/2009
Return: 4.45 % Date: 3/31/2009
Return: 3.06 % Date: 2/28/2009
Return: 1.34 % Date: 1/31/2009
Return: 10.15 % Date: 12/31/2008
Return: 1.84 % Date: 11/30/2008
Return: -2.08 % Date: 10/31/2008
Return: -5.78 % Date: 9/30/2008
Return: -11.49 % Date: 8/31/2008
Return: -4.56 % Date: 7/31/2008
Return: 24.53 % Date: 6/30/2008
Return: 18.48 % Date: 5/31/2008
Return: 4.99 % Date: 4/30/2008
Return: 7.86 % Date: 3/31/2008
Return: 9.14 % Date: 2/29/2008
Return: 4.92 % Date: 1/31/2008
Return: 4.57 % Date: 12/31/2007
Return: 2.78 % Date: 11/30/2007
Return: -6.91 % Date: 10/31/2007
Return: -10.80 % Date: 9/30/2007
Return: 0.05 % Date: 8/31/2007
Return: -9.89 % Date: 7/31/2007
Return: 8.54 % Date: 6/30/2007
Return: 9.28 % Date: 5/31/2007
Return: 1.29 % Date: 4/30/2007
Return: -2.89 % Date: 3/31/2007
Return: 4.98 % Date: 2/28/2007
Return: -2.36 % Date: 1/31/2007
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: 01/07 - 10/20
Return: 7.00 %
Count: 2 Return: 6.00 %
Count: 1 Return: -15.00 %
Count: 1 Return: 13.00 %
Count: 1 Return: -4.00 %
Count: 9 Return: -1.00 %
Count: 20 Return: 4.00 %
Count: 6 Return: 10.00 %
Count: 1 Return: 2.00 %
Count: 14 Return: -6.00 %
Count: 2 Return: -5.00 %
Count: 4 Return: 25.00 %
Count: 1 Return: 18.00 %
Count: 1 Return: 8.00 %
Count: 1 Return: 3.00 %
Count: 11 Return: -7.00 %
Count: 2 Return: -11.00 %
Count: 2 Return: -10.00 %
Count: 1 Return: 9.00 %
Count: 5 Return: 1.00 %
Count: 23 Return: -3.00 %
Count: 8 Return: 5.00 %
Count: 9 Return: -2.00 %
Count: 18 Return: 0.00 %
Count: 23

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: 01/07 - 10/20
Date: 10/31/2020
Drawdown: -4.10 % Date: 9/30/2020
Drawdown: -3.81 % Date: 8/31/2020
Drawdown: -1.71 % Date: 7/31/2020
Drawdown: -1.31 % Date: 6/30/2020
Drawdown: -0.58 % Date: 5/31/2020
Drawdown: 0.00 % Date: 4/30/2020
Drawdown: 0.00 % Date: 3/31/2020
Drawdown: 0.00 % Date: 2/29/2020
Drawdown: -3.39 % Date: 1/31/2020
Drawdown: -3.80 % Date: 12/31/2019
Drawdown: -2.23 % Date: 11/30/2019
Drawdown: -0.34 % Date: 10/31/2019
Drawdown: -2.04 % Date: 9/30/2019
Drawdown: -0.14 % Date: 8/31/2019
Drawdown: -1.12 % Date: 7/31/2019
Drawdown: -1.17 % Date: 6/30/2019
Drawdown: -0.96 % Date: 5/31/2019
Drawdown: -1.18 % Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: -1.59 % Date: 2/28/2019
Drawdown: 0.00 % Date: 1/31/2019
Drawdown: 0.00 % Date: 12/31/2018
Drawdown: 0.00 % Date: 11/30/2018
Drawdown: 0.00 % Date: 10/31/2018
Drawdown: 0.00 % Date: 9/30/2018
Drawdown: -0.62 % Date: 8/31/2018
Drawdown: -2.71 % Date: 7/31/2018
Drawdown: -3.99 % Date: 6/30/2018
Drawdown: -4.14 % Date: 5/31/2018
Drawdown: -3.15 % Date: 4/30/2018
Drawdown: -4.36 % Date: 3/31/2018
Drawdown: -5.72 % Date: 2/28/2018
Drawdown: -7.52 % Date: 1/31/2018
Drawdown: -4.61 % Date: 12/31/2017
Drawdown: -3.78 % Date: 11/30/2017
Drawdown: -3.07 % Date: 10/31/2017
Drawdown: -4.31 % Date: 9/30/2017
Drawdown: -0.51 % Date: 8/31/2017
Drawdown: -0.72 % Date: 7/31/2017
Drawdown: -4.44 % Date: 6/30/2017
Drawdown: -5.78 % Date: 5/31/2017
Drawdown: -4.90 % Date: 4/30/2017
Drawdown: -4.11 % Date: 3/31/2017
Drawdown: -6.08 % Date: 2/28/2017
Drawdown: -7.22 % Date: 1/31/2017
Drawdown: -5.62 % Date: 12/31/2016
Drawdown: -5.04 % Date: 11/30/2016
Drawdown: -9.71 % Date: 10/31/2016
Drawdown: -11.16 % Date: 9/30/2016
Drawdown: -11.53 % Date: 8/31/2016
Drawdown: -13.69 % Date: 7/31/2016
Drawdown: -13.17 % Date: 6/30/2016
Drawdown: -13.46 % Date: 5/31/2016
Drawdown: -19.38 % Date: 4/30/2016
Drawdown: -20.05 % Date: 3/31/2016
Drawdown: -20.81 % Date: 2/29/2016
Drawdown: -20.48 % Date: 1/31/2016
Drawdown: -22.40 % Date: 12/31/2015
Drawdown: -21.64 % Date: 11/30/2015
Drawdown: -18.07 % Date: 10/31/2015
Drawdown: -18.55 % Date: 9/30/2015
Drawdown: -21.04 % Date: 8/31/2015
Drawdown: -21.70 % Date: 7/31/2015
Drawdown: -21.56 % Date: 6/30/2015
Drawdown: -21.43 % Date: 5/31/2015
Drawdown: -21.62 % Date: 4/30/2015
Drawdown: -19.97 % Date: 3/31/2015
Drawdown: -21.45 % Date: 2/28/2015
Drawdown: -20.73 % Date: 1/31/2015
Drawdown: -23.03 % Date: 12/31/2014
Drawdown: -25.09 % Date: 11/30/2014
Drawdown: -22.10 % Date: 10/31/2014
Drawdown: -22.13 % Date: 9/30/2014
Drawdown: -24.21 % Date: 8/31/2014
Drawdown: -25.77 % Date: 7/31/2014
Drawdown: -24.14 % Date: 6/30/2014
Drawdown: -22.81 % Date: 5/31/2014
Drawdown: -22.13 % Date: 4/30/2014
Drawdown: -18.39 % Date: 3/31/2014
Drawdown: -21.77 % Date: 2/28/2014
Drawdown: -18.99 % Date: 1/31/2014
Drawdown: -25.84 % Date: 12/31/2013
Drawdown: -20.68 % Date: 11/30/2013
Drawdown: -24.68 % Date: 10/31/2013
Drawdown: -24.14 % Date: 9/30/2013
Drawdown: -23.91 % Date: 8/31/2013
Drawdown: -20.89 % Date: 7/31/2013
Drawdown: -22.79 % Date: 6/30/2013
Drawdown: -21.49 % Date: 5/31/2013
Drawdown: -17.57 % Date: 4/30/2013
Drawdown: -20.30 % Date: 3/31/2013
Drawdown: -21.02 % Date: 2/28/2013
Drawdown: -18.12 % Date: 1/31/2013
Drawdown: -14.77 % Date: 12/31/2012
Drawdown: -17.00 % Date: 11/30/2012
Drawdown: -16.56 % Date: 10/31/2012
Drawdown: -14.81 % Date: 9/30/2012
Drawdown: -12.40 % Date: 8/31/2012
Drawdown: -11.51 % Date: 7/31/2012
Drawdown: -12.31 % Date: 6/30/2012
Drawdown: -12.89 % Date: 5/31/2012
Drawdown: -10.97 % Date: 4/30/2012
Drawdown: -7.33 % Date: 3/31/2012
Drawdown: -7.33 % Date: 2/29/2012
Drawdown: -5.08 % Date: 1/31/2012
Drawdown: -8.87 % Date: 12/31/2011
Drawdown: -14.53 % Date: 11/30/2011
Drawdown: -19.60 % Date: 10/31/2011
Drawdown: -21.72 % Date: 9/30/2011
Drawdown: -20.05 % Date: 8/31/2011
Drawdown: -19.45 % Date: 7/31/2011
Drawdown: -18.15 % Date: 6/30/2011
Drawdown: -19.44 % Date: 5/31/2011
Drawdown: -14.73 % Date: 4/30/2011
Drawdown: 0.00 % Date: 3/31/2011
Drawdown: -2.48 % Date: 2/28/2011
Drawdown: -3.67 % Date: 1/31/2011
Drawdown: -15.02 % Date: 12/31/2010
Drawdown: -17.96 % Date: 11/30/2010
Drawdown: -15.50 % Date: 10/31/2010
Drawdown: -15.34 % Date: 9/30/2010
Drawdown: -13.12 % Date: 8/31/2010
Drawdown: -9.62 % Date: 7/31/2010
Drawdown: -10.66 % Date: 6/30/2010
Drawdown: -8.01 % Date: 5/31/2010
Drawdown: -4.48 % Date: 4/30/2010
Drawdown: -3.13 % Date: 3/31/2010
Drawdown: -7.87 % Date: 2/28/2010
Drawdown: -7.36 % Date: 1/31/2010
Drawdown: -4.35 % Date: 12/31/2009
Drawdown: -6.48 % Date: 11/30/2009
Drawdown: -9.83 % Date: 10/31/2009
Drawdown: -10.76 % Date: 9/30/2009
Drawdown: -9.17 % Date: 8/31/2009
Drawdown: -7.98 % Date: 7/31/2009
Drawdown: -9.00 % Date: 6/30/2009
Drawdown: -9.23 % Date: 5/31/2009
Drawdown: -9.24 % Date: 4/30/2009
Drawdown: -4.63 % Date: 3/31/2009
Drawdown: -8.69 % Date: 2/28/2009
Drawdown: -11.40 % Date: 1/31/2009
Drawdown: -12.57 % Date: 12/31/2008
Drawdown: -20.63 % Date: 11/30/2008
Drawdown: -22.06 % Date: 10/31/2008
Drawdown: -20.41 % Date: 9/30/2008
Drawdown: -15.53 % Date: 8/31/2008
Drawdown: -4.56 % Date: 7/31/2008
Drawdown: 0.00 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: -0.63 % Date: 3/31/2008
Drawdown: -7.87 % Date: 2/29/2008
Drawdown: -15.58 % Date: 1/31/2008
Drawdown: -19.54 % Date: 12/31/2007
Drawdown: -23.06 % Date: 11/30/2007
Drawdown: -25.14 % Date: 10/31/2007
Drawdown: -19.58 % Date: 9/30/2007
Drawdown: -9.84 % Date: 8/31/2007
Drawdown: -9.89 % Date: 7/31/2007
Drawdown: 0.00 % Date: 6/30/2007
Drawdown: 0.00 % Date: 5/31/2007
Drawdown: -1.64 % Date: 4/30/2007
Drawdown: -2.89 % Date: 3/31/2007
Drawdown: 0.00 % Date: 2/28/2007
Drawdown: -2.36 %

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:  Amapa Capital Advisors LLC
Address: 4306 Yoakum Blvd, Suite 550
City: Houston
State: TX
Zip: 77005
Country: United States

Key People

Name:  Denys Thorez
Position:  Principal
Biography: 

Amapa Capital Advisors, an NFA registered CTA was founded in December 2014 by Denys Thorez who brings 25 years of experience in energy trading and risk management. Prior to starting his own CTA firm, Mr Thorez was a trading principal at AAA Capital Management, a $1B+ energy CTA, from 2002 to 2014. He started his career in 1993 on the NYMEX trading floor as an options market maker, then from 1997 to 2002, managed the natural gas price exposure of Mirant, a gas and power merchant. He’s always been the largest investor in Amapa with currently about 60% of the AUM.


Additional Information

 Futures Sectors Traded
 Energies Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Discretionary Yes 
 Sector Specialist Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Medium Term Yes 
 Short Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $500,000 
 Margin / Equity Ratio: 10% 
 Managed Account Availability: Open 
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