Cayler Capital LLC

Systematic Energy Diversified Strategy *QEP*


Monthly Performance (%)

Date Range: 12/18 - 06/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 7.15 -3.60 14.94 10.39 3.55 1.03   37.11 
2019 -3.67 2.64 -0.92 6.47 6.37 -1.11 -1.02 -5.59 3.99 3.54 -0.77 -2.38  6.93 

Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Energy Diversified Program will remain the flagship fund while the other two comprise algorithms currently included in the program. The addition of the sub-programs allows Cayler Capital to cater to both the retail investor and the institutional. The algorithms are all driven by fundamental data points in the energy markets and continue to exhibit a minimal correlation to other systematic CTAs. The Systematic Energy Diversified program uses fundamental data points to create a truly one of a kind portfolio. The six algorithms focus on global oil fundamentals with inputs pulling from the EIA, IEA, Genscape, DOE, Commitment of Trader reports, and Bloomberg. Inputs include refinery production models, physical oil movement around the world, oil field level production and forecasts, demand forecasts, refinery turnarounds, and the term structure of the market. The aggregation of all these data points creates a unique rule-based trading system around the advisor’s ten years of experience trading the oil market.

Performance Statistics

Date Range: 12/18 - 06/20
  Program S&P 500 Coquest 40 
Total Return 46.62% 15.95% 5.24% 
Annualized Return 29.06% 9.79% 3.28% 
Annualized Std. Deviation 18.03% 20.95% 6.91% 
Correlation -0.13 -0.18 
Sharpe Ratio (rf=2.5%) 1.47 0.35 0.11 
Worst Month -5.59% -12.35% -2.77% 
Date of Worst Month 08/2019 03/2020 09/2019 
Worst Drawdown -7.59% -19.60% -7.01% 
Date of Worst Drawdown 5/19 - 8/19 12/19 - 3/20 8/19 - 6/20 

Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 12/18 - 06/20
Year or YTD Program S&P 500 Coquest 40 
2020 37.11 -3.08 -2.54 
2019 6.93 31.50 7.53 

Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 12/18 - 06/20
Date: 6/30/2020
Perf: $1,048.00 Date: 5/31/2020
Perf: $1,061.59 Date: 4/30/2020
Perf: $1,074.16 Date: 3/31/2020
Perf: $1,070.62 Date: 2/29/2020
Perf: $1,069.98 Date: 1/31/2020
Perf: $1,086.17 Date: 12/31/2019
Perf: $1,075.31 Date: 11/30/2019
Perf: $1,082.01 Date: 10/31/2019
Perf: $1,071.51 Date: 9/30/2019
Perf: $1,095.73 Date: 8/31/2019
Perf: $1,126.95 Date: 7/31/2019
Perf: $1,087.58 Date: 6/30/2019
Perf: $1,051.71 Date: 5/31/2019
Perf: $1,031.09 Date: 4/30/2019
Perf: $1,051.70 Date: 3/31/2019
Perf: $1,023.56 Date: 2/28/2019
Perf: $988.08 Date: 1/31/2019
Perf: $981.80 Date: 12/31/2018
Perf: $1,000.00 Date: 6/30/2020
Perf: $1,274.54 Date: 5/31/2020
Perf: $1,249.67 Date: 4/30/2020
Perf: $1,192.89 Date: 3/31/2020
Perf: $1,057.34 Date: 2/29/2020
Perf: $1,206.32 Date: 1/31/2020
Perf: $1,314.51 Date: 12/31/2019
Perf: $1,315.03 Date: 11/30/2019
Perf: $1,276.48 Date: 10/31/2019
Perf: $1,231.77 Date: 9/30/2019
Perf: $1,205.61 Date: 8/31/2019
Perf: $1,183.48 Date: 7/31/2019
Perf: $1,202.48 Date: 6/30/2019
Perf: $1,185.41 Date: 5/31/2019
Perf: $1,107.34 Date: 4/30/2019
Perf: $1,182.42 Date: 3/31/2019
Perf: $1,136.40 Date: 2/28/2019
Perf: $1,114.77 Date: 1/31/2019
Perf: $1,080.10 Date: 12/31/2018
Perf: $1,000.00 Date: 6/30/2020
Perf: $1,466.16 Date: 5/31/2020
Perf: $1,451.21 Date: 4/30/2020
Perf: $1,401.46 Date: 3/31/2020
Perf: $1,269.55 Date: 2/29/2020
Perf: $1,104.53 Date: 1/31/2020
Perf: $1,145.78 Date: 12/31/2019
Perf: $1,069.33 Date: 11/30/2019
Perf: $1,095.40 Date: 10/31/2019
Perf: $1,103.90 Date: 9/30/2019
Perf: $1,066.15 Date: 8/31/2019
Perf: $1,025.25 Date: 7/31/2019
Perf: $1,085.95 Date: 6/30/2019
Perf: $1,097.14 Date: 5/31/2019
Perf: $1,109.46 Date: 4/30/2019
Perf: $1,043.02 Date: 3/31/2019
Perf: $979.63 Date: 2/28/2019
Perf: $988.73 Date: 1/31/2019
Perf: $963.30 Date: 12/31/2018
Perf: $1,000.00

Note: All performance data is since program inception.

Monthly Returns

Date Range: 12/18 - 06/20
Date: 6/30/2020
Return: 1.03 % Date: 5/31/2020
Return: 3.55 % Date: 4/30/2020
Return: 10.39 % Date: 3/31/2020
Return: 14.94 % Date: 2/29/2020
Return: -3.60 % Date: 1/31/2020
Return: 7.15 % Date: 12/31/2019
Return: -2.38 % Date: 11/30/2019
Return: -0.77 % Date: 10/31/2019
Return: 3.54 % Date: 9/30/2019
Return: 3.99 % Date: 8/31/2019
Return: -5.59 % Date: 7/31/2019
Return: -1.02 % Date: 6/30/2019
Return: -1.11 % Date: 5/31/2019
Return: 6.37 % Date: 4/30/2019
Return: 6.47 % Date: 3/31/2019
Return: -0.92 % Date: 2/28/2019
Return: 2.64 % Date: 1/31/2019
Return: -3.67 % Date: 12/31/2018
Return: 0.00 %

Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 12/18 - 06/20
Return: 1.00 %
Count: 1 Return: 10.00 %
Count: 1 Return: 15.00 %
Count: 1 Return: 7.00 %
Count: 1 Return: -2.00 %
Count: 1 Return: 4.00 %
Count: 3 Return: -6.00 %
Count: 1 Return: 6.00 %
Count: 2 Return: -1.00 %
Count: 4 Return: 3.00 %
Count: 1 Return: -4.00 %
Count: 2 Return: 0.00 %
Count: 1

Note: All performance data is since program inception.

Underwater Curve

Date Range: 12/18 - 06/20
Date: 6/30/2020
Drawdown: 0.00 % 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: -3.60 % Date: 1/31/2020
Drawdown: 0.00 % Date: 12/31/2019
Drawdown: -3.62 % Date: 11/30/2019
Drawdown: -1.27 % Date: 10/31/2019
Drawdown: -0.50 % Date: 9/30/2019
Drawdown: -3.90 % Date: 8/31/2019
Drawdown: -7.59 % Date: 7/31/2019
Drawdown: -2.12 % Date: 6/30/2019
Drawdown: -1.11 % Date: 5/31/2019
Drawdown: 0.00 % Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: -2.04 % Date: 2/28/2019
Drawdown: -1.13 % Date: 1/31/2019
Drawdown: -3.67 %

Note: All performance data is since program inception.

Manager Information

Manager Name:  Cayler Capital LLC
Address: 895 Dove Street #356
City: Newport Beach
State: CA
Zip: 92663
Country: United States

Key People

Name:  Brent Belote
Position:  Portfolio Manager
Biography: 

Brent Belote is the manager of the Cayler Energy Program.  Prior to founding Cayler Capital, he ran the Oil Product Derivative book for North Americaat JP Morgan from 2012 to 2016.  He managed aderivative portfolio with over $1B of oil related futures, options, swaps, and complex derivative structures. From 2009 to 2012, he was the CrudeOilDerivatives trader at JP Morgan with a focus on fundamental analysis and systematic trading. He graduated from New York University's Stern  School of Business with an MBA specializing in Quantitative Finance and Economics.  He has a BS in Accounting from the University of Southern California.


Additional Information

 Futures Sectors Traded
 Energies Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Systematic Yes 
 Sector Specialist Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Developed Only Yes 
 Holding Period
 Investment Terms & Information
 Managed Account Minimum: $125,000 
 Margin / Equity Ratio: 13% 
 Managed Account Availability: Open 
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