1.
Commentary
After a run of five positive
months in a row, February was less pleasing with a loss of 1.6% recorded. It
was a month where all our systems underperformed at the same time and our
leverage automatically decreased significantly during the month to avoid
pushing further into the red.
While we never enjoy negative months, the unfortunate truth is that they are
bound to occur on a semi regular basis. Given the directors have a
significant proportion of their net worth also being traded alongside
clients, negative months provide us with additional motivation to continue
our search for new and uncorrelated systems and more efficient methods of
execution.
In terms of business development, we will also be opening applications for a
Fund domiciled in the Cayman Islands at the end of the month. If you are
interested in investing into this fund, rather than our standard managed
accounts, please contact us.
For more information please
visit our website:
www.zonecapital.com.au
2.
Performance
|
|
Feb 09 |
Jan 09 |
|
%
Return
|
(1.6%) |
4.1% |
|
3.
Track Record* Update
Cumulative
Performance
Summary Performance Statistics
|
|
Since Jan 04
|
|
Cumulative % return
|
868%
|
|
Annualised % return
|
55%
|
|
Maximum Drawdown
|
18.7%
|
|
Sharpe Ratio
|
1.5
|
|
Sortino Ratio
|
5.7
|
|
*Track Record, as presented, is based on the trading account of