ALTAVRA on Facebook  ALTAVRA on Twitter  ALTAVRA on LinkedIn

Loading

ALTAVRA Managed Futures

Questions? Call 1-800-998-7870

 Contact us

 home

   ALTAVRA.com

 explore

   your alternatives

 .: What Are Managed Futures?

 .: Benefits of Managed Futures

 .: Managed Futures Videos

 .: Third Party Resources

 develop

   your solution

 .: Managed Futures CTA List

   .: Abraham Trading Company

   .: Advanced Arbitrage Concepts

   .: Aire Capital Management

   .: Auctos Capital Management

   .: Aventis Asset Management

   .: Blackheath Fund Management

   .: Blake Capital Management

   .: Bluenose Capital Management

   .: Bocken Trading

   .: Boston & Zechiel Management

   .: Brandywine Asset Management

   .: Camkay Capital Management

   .: Clarke Capital Management

   .: Claughton Capital

   .: Conover Investments

   .: Covenant Capital Management

   .: Crescendo Capital Mgmt.

   .: Crescent Bay Capital Mgmt.

   .: Diamond Capital Management

   .: eco Capital Management

   .: EMC Capital Advisors

   .: Emil Van Essen

   .: Forecast Trading Group

   .: Four Seasons Commodities

   .: Futures Truth Company

   .: Genuine Trading Solutions

   .: Global Ag

   .: Global Sigma Group

   .: Greenwave Capital Mgmt.

   .: GT Capital CTA

   .: Hamer Trading

   .: Hawksbill Capital Management

   .: HB Capital Management

   .: Integrated Managed Futures

   .: Mad Group Investments

   .: Mark J. Walsh & Company

   .: Mehnert Capital Management

   .: Midwest Trading Partners

   .: Mobius Asset Management

   .: Non Correlated Capital

   .: OptHedge Advisors

   .: Opus Futures

   .: Paskewitz Asset Management

   .: Protec Energy Partners

   .: Quantitative Investment Mgmt.

   .: RAM Management Group

   .: Robinson-Langley Capital

   .: Rosetta Capital Management

   .: Schindler Capital Management

   .: Southwest Managed Invest.

   .: Stein Investment Management

   .: Tanyard Creek Capital

   .: TKC Investment Services

   .: Tyche Capital Advisors

   .: Typhon Capital Management

   .: White Indian Trading Co.

   .: White River Group

   .: Winton Capital Management

 .: Trading Platforms

 .: Build Your Own Portfolio

 .: ALTAVRA Custom Portfolios

 experience

   the alternative

 .: Open An Account

 .: Access Your Account

 .: Quotes / Charts / Specs

 .: Cheat Sheets

 .: Market Insights

Covenant Capital Management

covenant.altavra.com

Open A Futures and/or Forex Trading Account.

Manager Name: Covenant Capital Management
Program Name: Original, Aggressive
Minimum Investment: 5,000,000 USD,  3,000,000 USD
Strategy: Systematic / Trend / Long-Term
Markets: Diversified
Restrictions: QEP
Disclosure Document: Call
Management Agreement: Call
Download Page: Download & Save: Covenant Capital Management
Print Page: Printable Version: Covenant Capital Management
Disclosure Statement: Open

View The Performance Report for

Covenant Capital Management

includes free access to the managed futures database

Managed Futures CTA Report: Covenant Capital Management

Name

Country

Phone

Email

I agree w/ the risk disclaimer
 

This form is encrypted and secure.  Privacy PolicyOpen Privacy Policy in New Window

This program is only available for Qualified Eligible Persons (QEP). What is QEP?

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

Online Account Application: open.altavra.com / Account Forms: forms.altavra.com / Manager Shortcut: covenant.altavra.com

Program Description: Original Trading Program

 

Covenant Capital Management takes positions based on a long-term, technical, trend following system created by Scot Billington and Brince Wilford. Discretion is used only in extremely rare cases to interpret the existing rules of the system. Technical analysis uses the theory that a study of the markets themselves will provide a means of anticipating price changes. The system attempts to participate in long-term market trends. It does not try to predict trends. The system does not try to predict when a trend will start, how long it will last, or how high or low it will move. After a trend has occurred, Covenant Capital Management does not seek to explain why a trend may have occurred or why it behaved as it did. The only prediction made is that trends will continue to exist as a phenomenon of the market place.

 

Covenant Capital Management can only recognize a trend after some, most or all of it has already occurred. The system identifies when a trend may be beginning and enters the market at that point. The same technical analysis indicates when the trend may be ending, and signals to exit the market at that point. The system is set up to minimize commissions and the number of trades per market when compared to other futures trading systems. Stop losses will be placed in the market as soon as entries are made, and they will be modified weekly. A stop may not necessarily be changed from week to week. The system does not allow more than one round turn trade a week in a given market. Initial risk will be limited to a fixed percentage of the core equity (core equity is the total equity in the account less the total amount at risk in other open positions) of the account. As profits accumulate in a position, a greater percentage of risk will be tolerated; however, at a constant pre-determined level, Covenant Capital Management may use options or may decrease the position size to reduce risk.

 

Exits are executed on trailing stops. Position size may be dramatically reduced to lower risk, but a position will not be exited until the market hits the pre-determined trailing stop level. Covenant Capital Management may use multiple triggers to enter and exit a position incrementally and at different times. Covenant Capital Management trades a diverse portfolio of markets and market sectors including but not limited to, metals, meats, grains, energies, softs, foreign currencies, domestic and foreign interest rates, and domestic and foreign stock indices. By broadly diversifying across a wide array of markets, Covenant Capital Management attempts to diminish the importance of any one position in the portfolio. The individual positions are designed to be relatively small and the stops are designed to be relatively wide to avoid multiple entries and exits that increase the commission burden on an account. Larger initial risks per contract minimize the effects of large gap moves through the stop levels as a percentage of the original risk. Clients should expect annual drawdown's of at least 10-15% in the Original Trading Program.

 

Covenant Capital Management conducts continuing research to improve its trading methodology and risk management parameters. Markets may be added to or subtracted from the portfolio. Covenant Capital Management may make changes to its investment strategies without notifying current investors.

 

The Original Trading Program began trading September 1, 1999 with both proprietary and client funds.

 

Aggressive Program

The Aggressive Trading Program will take the exact same trading signals as the Original Program; however, it will take roughly 1.75 times the position size than the same account would take in the Original Program.  This will result in considerably larger swings in account equity.   The Aggressive Trading Program has lower minimum account sizes.  Participants in this program must be prepared for larger drawdown's and nearly twice the volatility of the Original Trading Program.  The Aggressive Trading Program began trading in January 2004.

 

Optimal Program

The Optimal Trading Program will take initial risks up to 5 times that of the Original Program. While the trades will be the same as the Original Program, the dramatic differences in position sizes and account volatility may result in much different results. Drawdown's in excess of 50% will be common in this program. Covenant Capital Management will utilize a money management overlay that will decrease the account sizes when certain return hurdles have been reached. The Optimal Trading Program began proprietary trading in August of 2006.

 

Long Commodity Program

The Long Commodity Trading Program differs from the Original Program in trades taken, trade size, and portfolio composition. The Long Commodity Trading Program only trades commodities and does not trade any currency, stock index, or interest rates. This program takes only long signals and will take some long signals not taken by the other programs. The Long Commodity Trading Program began trading in March of 2009.

 

Management Information: Scot Billington

Scot Billington is the Chief Manager, the Head Trader, and a 45.05% equity holder of Covenant Capital Management. Scot Billington is registered with the Commodity Futures Trading Commission as a Principal and an Associated Person of Covenant Capital Management. Scot Billington developed the trading systems that will be used by Covenant Capital Management. He is actively involved in every aspect of Covenant Capital Management’s business and trading. Scot Billington worked as an assistant trader from for Bradford & Co., Incorporated, a Futures Commission Merchant and division of J. C. Bradford & Co July 1993 until May 1999 when he began forming Covenant Capital Management. At J.C. Bradford he was responsible for executing client orders, advising clients, and developing systems. Beginning in April of 2002, Scot Billington worked for Ronin Capital, an Option Trading Investment Company at the Chicago Board Options Exchange where his main function was making markets in the OEX 100 Index options market. Scot Billington was a member of the Chicago Board Options Exchange and a Market Maker at Ronin Capital in OEX 100 Index options until January 4, 2005. Scot Billington has been a Principal and Associated Person of Covenant Capital Management since its inception on July 30, 1999 and he became a branch office manager of Covenant Capital Management on July 13, 2005.

 

Management Information: Brince Wilford

Brince Wilford is the Secretary and is a 45.05% equity holder of Covenant Capital Management. He is registered with the Commodity Futures Trading Commission as a Principal and Associated Person of Covenant Capital Management. Brince Wilford assists in the execution of trades as directed by Scot Billington. He is actively involved in every aspect of Covenant Capital Management’s business and trading. From August of 1999 to July of 2002 he served as Director of Business Development for Inphact, Inc. His primary responsibility was directing sales and national accounts. Inphact was a provider of radiology services over the Internet. Brince Wilford worked for Healthcare Realty Trust, Inc. in the Investments Department from August of 2002 through January of 2006 where his primary responsibilities included business development, financial modeling, consulting and acquisitions work. Healthcare Realty Trust is a publicly traded Real Estate Investment Trust (NYSE:HR). Brince Wilford resigned from Healthcare Realty in 2006 to focus full time on the advisory. He returned to part-time employment at Healthcare Realty in January of 2008 where he manages the Acquisitions Department. Presently, Brince Wilford provides investment consulting services to various firms in the healthcare, real estate, and entertainment industries. Brince Wilford has been registered as a principal and associated person of the advisor since July 30, 1999.

 

Scot Billington and Brince Wilford may both work in consulting roles for profit or non-profit organizations in the future. They also may undertake other business interests. They both expect to serve on the boards of various for profit and non- profit organizations in the future.

 

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. 

 

Disclosure Statement       Download PageDownload & Save: Covenant Capital Management       Print Page Printable Version: Covenant Capital Management

 

didn't find what you were looking for?

.

CHECK THE MANAGED FUTURES CTA DATABASE

performance information on approximately 100+ managed accounts

setup a free access key at ALTAVRA.com or call 1-800-998-7870

THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS CAN BE SUBSTANTIAL. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THIS MATERIAL HAS BEEN PREPARED BY A SALES OR TRADING EMPLOYEE OR AGENT OF ALTAVRA AND IS, OR IS IN THE NATURE OF A SOLICITATION. THIS MATERIAL IS NOT A RESEARCH REPORT PREPARED BY AN ALTAVRA RESEARCH DEPARTMENT. YOU AGREE THAT YOU ARE AN EXPERIENCED USER OF THE FINANCIAL MARKETS, CAPABLE OF MAKING INDEPENDENT TRADING DECISIONS, AND AGREE THAT YOU ARE NOT, AND WILL NOT RELY SOLELY ON THIS DOCUMENT IN MAKING TRADING DECISIONS. (ALTAVRA.CO/RISK)

THIS CONTENT AND ALL OF ITS LINKS ARE FOR INFORMATIONAL PURPOSES ONLY, AND IS CURRENT ONLY AS OF THE DATE(S) HEREOF. IT DOES NOT CONSTITUTE A SOLICITATION FOR ANY CTA OR TRADING PROGRAM, AND THE INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE. THE FIGURES CONTAINED HEREIN WERE OBTAINED OR COMPILED FROM INFORMATION PROVIDED BY THE CTA, TRADER OR THEIR REPRESENTATIVES. NEITHER ALTAVRA NOR ANY OF ITS AFFILIATES OR EMPLOYEES MAKES ANY ENDORSEMENT OR REPRESENTATION AS TO ITS ACCURACY, VALIDITY OR COMPLETENESS. THE INFORMATION HAS NOT BEEN INDEPENDENTLY VERIFIED AND THEREFORE CANNOT BE GUARANTEED. WHILE ALTAVRA MAY PROVIDE INVESTORS WITH CTA ANALYSIS, ALTAVRA DOES NOT PROVIDE “DUE DILIGENCE” ON AN INVESTOR’S BEHALF AND IS NOT RESPONSIBLE FOR A CUSTOMER’S INVESTMENT DECISIONS.

NO OFFER OR SOLICITATION MAY BE MADE PRIOR TO REVIEW OF THE CTA’S CURRENT DISCLOSURE DOCUMENT (
FORMS.ALTAVRA.COM), WHICH INVESTORS SHOULD READ CAREFULLY PRIOR TO INVESTING. INVESTORS MAY ALSO WISH TO CONSULT THEIR LEGAL, TAX AND INVESTMENT ADVISORS TO DETERMINE WHETHER AN INVESTMENT IS APPROPRIATE IN LIGHT OF THE INVESTOR’S RISK TOLERANCE, INVESTMENT OBJECTIVES AND FINANCIAL SITUATION.

ALL FUTURES AND OPTIONS TRADING INCLUDING MANAGED FUTURES IS SPECULATIVE, INVOLVES A HIGH DEGREE OF RISK AND IS SUITABLE ONLY FOR PERSONS WHO CAN ASSUME THE RISK OF LOSS IN EXCESS OF THEIR MARGIN DEPOSIT. NO REPRESENTATION OR ASSURANCE IS MADE THAT ANY CTA OR TRADING PROGRAM WILL OR IS LIKELY TO ACHIEVE ITS OBJECTIVES, BENCHMARKS OR TARGETED RETURNS OR THAT ANY INVESTOR WILL OR IS LIKELY TO ACHIEVE A PROFIT OR WILL BE ABLE TO AVOID INCURRING SUBSTANTIAL LOSSES.

 
ALTAVRA | Managed Futures - No Stocks ALTAVRA | Managed Futures - No Mutual Funds ALTAVRA | Managed Futures - No Bonds
 
   

ALTAVRA Inc. | 1-800-998-7870 | +1-561-829-8291 | [email protected]

 Contact | About  |  Privacy Policy  |  Terms & Disclaimer  |  Sitemap

ALTAVRA Inc. is a Florida corporation, registered in the United States with the NFA and the CFTC. 

Copyright 2016 ALTAVRA Inc. All rights reserved.

 

ALTAVRA - PROUDLY MADE IN THE USA