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PLEASE NOTE: ALTAVRA does NOT charge a load, upfront or initial fee on any account. 

 

The primary objective of Chadwick Investment Group’s programs is the capital appreciation of its client’s assets through speculation in financial and commodity futures contracts. No assurance can be given that this objective will be met, and an investment in an account to be traded by the Advisor should only be considered by  investors that can assume the significant risk of commodity futures trading, including losses in excess of their initial investment. The Advisor will attempt to meet the objective of the capital appreciation by making trading decisions based upon a proprietary trading method. In view of the volatile nature of futures trading, the advisor uses strict money management to increase the probability of long-term success of the trading program.

 

In managing the accounts of customers, Chadwick Investment Group employs the trading concepts and strategies developed by Mr. Vandergrift who is the sole manager for Chadwick’s accounts. Since the trading methods to be utilized by Mr. Vandergrift are proprietary and confidential, the discussion that follows is of a general nature and not intended to be exhaustive.

 

Chadwick Investment Group uses a technical strategy to manage customer accounts. Chadwick Investment Group believes that future price movements may be more accurately anticipated by historical price movements with technical analysis rather than by a fundamental analysis. The core structure of the program is trend following in nature.

 

Chadwick Investment Group’s programs seek entry into a trending market whether the market is moving higher or lower. The program will take long and short positions in the markets it trades. Chadwick Investment Group uses money management techniques that attempt to limit exposure of initial capital on any one market. There may be instances where a market gaps higher or lower increasing this exposure. This could be due to governmental reports, fundamental developments or other unforeseen events.

 

The trading strategies and systems utilized by Chadwick Investment Group may be revised from time to time as a result of ongoing research and development. Chadwick Investment Group will seek to devise new trading strategies and systems as well as test methods currently employed. The trading strategies (including but not limited to technical factors, markets traded and or money management formulas) and systems set by Chadwick Investment Group in the future may differ significantly from those presently used, due to changes, which may result from this research. Clients will not be informed, in advance, of these changes as they occur.

 

Chadwick Investment Group is currently offering two programs, the Global Trend Following Large account and the Global Trend Following Small Account. The Global Trend Following Large account began trading on June 1, 2007. The Global Trend Following Small account began trading August 1, 2008.

 

Chadwick Investment Group has sole discretion as to which futures and options on futures contracts it will trade. Chadwick Investment Group will effect transactions on all exchanges located in the United States, as well as non-US Exchanges, which include by are not limited to the London International Financial Futures and Options Exchange LTD (LIFFE), the Marche a Terme International de France (France), the Eurex Deutschland (EUREX), the Montreal Exchange (ME), the International Commodity Exchange (ICE), the Tokyo Stock Exchange (TSE), the Singapore International Monetary Exchange (SIMEX), and the Sydney Futures Exchange Ltd (SFE). The contracts that are currently trade by Chadwick include Australian Dollar, Brazilian Real, British Pound, CAC-40, Canadian Dollar, Cocoa, Coffee, Copper, Corn, Crude Oil (NYMEX), Crude Oil (IPE), DAX Index, Dow Jones, Euro Dollars, Euro Bund, Euro Schatz, Euribor, Euro STOXX, Euro Swiss, Five Year Notes, FTSE 100, Heating Oil, Kansas CityWheat, Lean Hogs, Live Cattle, Mexican Peso, Milk, Minnesota Wheat, NASDAQ 100, Natural Gas, New Zealand Dollar, Rough Rice, Soybeans, Swiss Franc, Sugar, S&P 500, Ten Year Notes, Unleaded Gas, and Wheat. Chadwick Investment Group may add or delete markets at any time. Clients will not be informed of these changes as they occur.

 

Decisions concerning the liquidation of positions, the open interest of contracts to be traded and the size of total position to be taken require the exercise and judgment by Chadwick Investment Group. Furthermore Chadwick Investment Group may elect to use mini or micro contracts on any of the contracts typically traded. This is done to assist smaller accounts in taking advantage of a broader diversified contract selection.

 

Chadwick Investment Group trades two programs pursuant to the same trading methodology. The large account requires a suggested minimum deposit of $250,000 and the small account requires a suggested minimum deposit of $50,000. Both accounts will trade the same trading system; however the smaller account will trade narrower selection of markets. As a result performance histories of the two accounts may differ significantly.

 

By committing equity to multiple markets, diversification reduces the dependence of the program on any one particular market or sector for profits. Due to the importance of diversification across different markets and market sectors, the advisor suggests a minimum account size of $250,000 for the large account and $50,000 for the small account.

 

Chadwick Investment Group attempts to limit maximum risk per trade to a small percent of client equity. However, there may be a circumstance where it is impossible to limit risk as described above. Such a circumstance may be a market that is locked limit up or down, or the occurrence of severe slippage on order execution due to market volatility.

 

Typically clients should expect margin to equity ratios of less than 25%. It is possible that market conditions and unforeseen factors could cause the actual margin to equity rate for an account to be higher than the expected level. Chadwick Investment Group does not use US Treasury Bills for trading accounts.

 

Justin Vandergrift, doing business as Chadwick Investment Group, registered as a guaranteed introducing broker with the Commodity Futures Trading Commission (“CFTC”) and was a member of the National Futures Association (“NFA”) from March 3, 1997 through June 5, 2003. On March 24, 2003 Chadwick changed its form of business and Chadwick Investment Group Inc. was registered as a Guaranteed Introducing Broker. On December 27, 2005 Chadwick Investment Group registered as a Commodity Trading Advisor. Chadwick Investment Group is currently registered as an Introducing Broker and Commodity Trading Advisor with the CFTC and is a member of the NFA.

 

Justin C. Vandergrift is the president and sole principal of Chadwick Investment Group. There has never been any material administrative, civil, or criminal proceedings against Chadwick Investment Group or Justin Vandergrift. Mr. Vandergrift was listed as a principal on March 21, 2003 and became registered as an Associated Person of Chadwick Investment Group on March 24, 2003.

 

Mr. Vandergrift graduated from the University of North Carolina at Charlotte with a Bachelor of Arts degree in Political Science and History in May 1996. Mr. Vandergrift has been the sole principal of Chadwick Investment Group since March 1997 and president of Chadwick Investment Group since January 1997. Mr. Vandergrift is responsible for all trading decision as well as the day-to-day operations of the investment firm.

 

Mr. Vandergrift’s interest in the commodity futures markets began in college where he independently studied futures and options. Throughout college and his professional career Mr. Vandergrift has studied and designed technical trading systems. The Trend Following program offered was developed through research on the markets starting in 1999.

 

The descriptions above are from the manager’s disclosure document.

 

THE RISK OF LOSS IN TRADING FUTURES, OPTIONS AND OFF-EXCHANGE FOREX CAN BE SUBSTANTIAL.  PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  PLEASE READ THE CTA'S RISK DISCLOSURE DOCUMENT CAREFULLY BEFORE INVESTING MONEY. 

 

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