Kingsview Management kingsview.altavra.com

.

Disclosure Statement     Disclosure Document     Management Agreement     Download Page     Print Page

.

Manager Name Kingsview Management Program Name Theta TVT, Theta SIS, Theta MMM Minimum Investment 50,000 USD

Strategy Multiple Markets Multiple Restrictions None

.

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: kingsview.altavra.com

.

Program Description: KV Theta - Stock Index Strategy "KV Theta SIS"

Since the trading methodology is proprietary and confidential, the description is of a general nature and is not intended to be exhaustive.

The investment objective of Kingsview Management is to utilize a sophisticated limited risk option strategy to potentially generate a return on investment for its clients by employing a mostly neutral trading strategy. The strategy consists of buying and selling combinations of options on futures contracts, primarily on the S&P 500 futures contract. Kingsview Management simultaneously buys and sells out-of-the-money put and call options to collect premium, commonly known as selling credit spreads. Profits are derived when the price of the options that have been sold declines more than the price of the options that were bought. Profits or losses are realized when the options are closed or they expire worthless. Kingsview Management, on behalf of its clients, seeks to generate profits due to the decrease in the value of options as a function of time, rather than through a directional movement of the market. The value of the time component in an option’s price and the rate at which that value declines is fundamental to the portfolio’s composition.  Past results are not necessarily indicative of future results.  The risk of loss in trading futures, options and off-exchange forex can be substantial.

In formulating options strategies, Kingsview Management may utilize a variety of options, including, but not limited to, options on: any price, index, spread or other financial indicator or any combination thereof, such as the price or value of an equity security, equity index or futures contract, the price or value appreciation or depreciation of a basket of securities and/or indices, or any other market selected by Kingsview Management.

Option strategies may include, but will not be limited to, investments in call and put options, option spreads, and other option combinations. These option strategies are briefly described below. These options strategies are intended to provide issuer market capitalization and market diversification.

Risk management is a main priority of Kingsview Management. Kingsview Management actively manages the level of risk in its portfolio through the buying and selling of options with different expiration dates and strike prices. The primary risk to the client is that of a major volatile event. To hedge this risk, Kingsview Management does NOT sell un-covered (commonly known as naked) options. Since there is a significantly greater probability of a downward volatile move in the market than an upward one, Kingsview Management places an extra significance on hedging downside market risk. To manage this downside risk Kingsview Management employs a supplemental hedging strategy that consists of buying out-of-the money puts so that there is net positive number of puts.

The investment objective of Kingsview Management is to generate a return on investment for its clients by employing a mostly neutral trading strategy. The strategy consists of buying and selling combinations of options on futures contracts in many different markets including but not limited to such commodity interests including but not limited to grains, meats, metals, softs, currencies, financials, food and fiber, indexes, and energy. Kingsview Management simultaneously buys and sells out-of-the-money put and call options to collect premium, commonly known as selling credit spreads. Profits are derived when the price of the options that have been sold declines more than the price of the options that were bought. Profits or losses are realized when the options are closed or they expire worthless. Kingsview Management, on behalf of its clients, seeks to generate profits due to the decrease in the value of options as a function of time, rather than through a directional movement of the market. The value of the time component in an option’s price and the rate at which that value declines is fundamental to the portfolio’s composition.

The Targeted Volatility Technique strategy seeks opportunistic trades to take advantage of movements in market volatility. Options in the futures markets are utilized as the vehicle in which this is done and Kingsview Management will take long or short positions, thus taking a directional stance on volatility movements in certain markets. As events in the market lead to abnormal volatility, high or low, the trading will mostly be centered around, but not limited to, Kingsview Management’s belief that volatility reverts to historic mean levels. In formulating options strategies, Kingsview Management may utilize a variety of options, including, but not limited to, options on: any price, index, spread or other financial indicator or any combination thereof, such as the price or value of an equity security, equity index or futures contract, the price or value appreciation or depreciation of a basket of securities and/or indices, or any other market selected by Kingsview Management. Option strategies may include, but will not be limited to, investments in call and put options, option spreads, and other option combinations. These options strategies are intended to provide market capitalization and market diversification.

Kingsview Management LLC on 3/24/2006. Mr. Silverman has extensive experience trading the financial markets and serves as Portfolio Manager of both Kingsview entities. Mr. Silverman was approved as a principal on 3/10/2010 of Kingsview Trading Services (“KVTS”). Principal status was withdrawn on 5/1/2010. KVTS was formed to register as an Introducing Broker and the registration was withdrawn prior to its approval. The entity currently conducts no business. He was an AP and Branch Manager of the New York office of Direct Futures, LLC, an Introducing Broker, since 11/16/07 to 5/18/2010. Mr. Silverman became registered as an AP of Kingsview Financial LLC, an introducing broker as of May 17, 2010. Mr. Silverman is a registered representative in the securities area with Vision Brokerage Services, a Broker Dealer, since as of November 30, 2009. Previously, he was registered with Further Lane Securities, L.P., a Broker Dealer, from November, 2004 to March 2005, Vision from February, 2007 to July 2008 and U.S. Financial Investments, Inc., a Broker Dealer, from July, 2008 to September, 2009. From June 4, 2003 through March 1, 2006, he has held the position of Portfolio Manager and Trader for West End Financial Advisors LLC, an alternative investment management firm who is the general partner of several hedge funds, and for West End Financial's affiliate company Sentinel Investment Management Corp, a SEC Registered Investment Advisor, where he managed portfolio’s for high net worth individuals and hedge funds. At West End/Sentinel Mr. Silverman took an active role in the development of trading strategies and new products. Prior to that, from March 1, 2002 until June 4, 2003 he was an analyst and then portfolio manager for Univest Associates, an investment management firm in a small family office. From May 1998 until February 2002 Mr. Silverman was self-employed trading his own account. While finishing up his Bachelors degree Mr. Silverman worked in the Private Client Group of Merrill Lynch and Co, a global investment bank and wealth management institution, from February 1996 through January 1998. At Merrill Lynch Mr. Silverman served as an assistant to a Financial Representative. From February, 1998 through April, 1998 he continued as a student. He holds a Bachelors degree in Biology from the University of Vermont and an MBA with a concentration in finance from New York University’s Stern School of Business. He has FINRA Series 3, 7, 24, 30 and 63 registrations.

From February 14, 2006 to the present, Mr. Lewis has been a principal of Kingsview Capital LLC, a registered Commodity Pool Operator, and from March 17, 2006, a principal of Kingsview Management LLC. Mr. Lewis is an Advisor on strategic business initiatives for both Kingsview entities. Mr. Lewis was approved as a principal on 3/10/2010 of Kingsview Trading Services LLC (“KVTS”). Principal status was withdrawn on 5/1/2010. KVTS was formed to register as an Introducing Broker and the registration was withdrawn prior to its approval. The entity currently conducts no business. Mr. Lewis has been an active member of the futures industry for over 15 years. Mr. Lewis started his career in the futures industry as a runner on the floor of the New York Futures Exchange (NYFE) for Refco, from September, 1990 to January 1992, one of the largest FCMs at the time. Mr. Lewis quickly moved up to phone clerk and then to the prestigious position as Arbitrage clerk handling a large Nomura Securities account. From, January 1992 through October 1994 Mr. Lewis created and was associated with Commodity Brokerage Services (“CBS”). This cutting edge firm provided premier floor clerk services to a variety of brokerage firms. CBS arranged with floor brokers in various pits to execute orders for their wholesale customers. CBS offered services in various pits thereby providing customers with the same premier service throughout the trading floor. In 1994 Mr. Lewis sold his portion of the business to his partner.

From November 1994 to August 1995, Mr. Lewis ran the trading desk, as an order desk manager, for American Futures Group, a futures commission merchant, and helped reorganize that trading department. From September 1995 through March 1996, Mr. Lewis worked as a coffee buyer for Commercial Coffee Associates, a cash coffee broker. From April 1996 through August 1999, Mr. Lewis was registered as an associated person with U.S. Securities and Futures Group (“USSF”), from 5/23/1996 to 8/10/1999, a broker dealer and futures commission merchant. He managed USSF’s newly created International Division and at the same time, helped build a domestic branch office and IB network. Mr. Lewis quickly organized the international operation and spent all of his time developing the network. In December 1998, Mr. Lewis spun off the IB business into IB Group LLC, which he presently operates. IB Group LLC is an Introducing Broker. He became an Associated Person and principal on December 2, 1998 of IB Group LLC. In July 1999 Mr. Lewis became an Associated Person and principal of Access Discount Trading Inc., an Introducing Broker, until August of 2000.

Mr. Lewis began his own introducing broker, Direct Futures LLC, a discount brokerage operation in July 2002. He became registered as both an Associated Person and a Principal of Direct on 7/25/2002, terminated as an AP on 8/7/2002, then terminated on 4/3/2006 as a principal, and then again relisted on 12/21/2006 as a principal only. Direct merged that operation with La Salle Futures Group which continues to operate both discount and broker assisted futures business, with 18 sales people.

Philip W. Schuck will be performing trading analysis.  Philip W. Schuck is not registered as an Associated Person or Principal of Kingsview Management and as such will not make trading decisions.  All trading decisions will be made by an Associated Person or Principal of Kingsview Management.

Philip W. Schuck has been involved in trading in the commodities and futures markets for over 35 years. Since August of 1996 he has been the Chief Executive Officer of Smithfield Capital Corp,, a private trading firm, where he developed and traded a variety of statistically based strategies in the commodities markets. Prior to that Philip A. Schuck served from August of 1994 to August of 1996 as the Chief Operating Officer of Rothfos Corporation, a large coffee importing business. From August of 1974 to August of 1994 he was a trader for Proctor & Gamble, a retail products manufacturer, where he traded coffee and other commodities. He has a BA in Chemistry from Syracuse University and a MBA from the University of Cincinnati. Philip W. Schuck also served in the United States Army from 1969 to 1974 where he was a Captain, Medevac Pilot, Unit Commander.
 

Charles A. Lewis will be performing trading analysis.  Charles A. Lewis is not registered as an Associated Person or Principal of Kingsview Management and as such will not make trading decisions.  All trading decisions will be made by an Associated Person or Principal of Kingsview Management.

Charles A. Lewis has been involved in trading the commodities and futures markets since 1974. From June 2002 to present Mr. Lewis has been the Chairman of Smithfield Capital Corp., a private trading firm, where he was involved in the development and implementation of statistically based trading strategies. From April 2009 to April 2010 he served as a Financial Consultant of Direct Futures, LLC, a Chicago based Introducing Broker. Mr. Lewis became an Associate Member of National Futures Association on 1/20/2010. He was registered with Direct Futures, LLC as an Associated Person from 02/02/2010 through 4/7/2010. His primary functions were to implement financial controls and risk management strategies. On 4/8/2010, he became registered as a Principal of Kingsview Financial LLC., a guaranteed Introducing Broker and on 4/29/2010 as an Associated Person. Both of his Principal and Associated Person status were withdrawn on 3/1/2011. As of 3/31/2011 Charles A. Lewis became a Branch Manager and Associated Person with IB Group LLC. From June 1992 to May 2002 Charles served as the President of Commercial Coffee Associates, an importer of specialty green coffee. His customers included Starbucks, Green Mountain Coffee Roasting Company, and Proctor and Gamble. From November 1988 to May 1992 he was with Andre et Cie, a physical commodity trading firm, where he was head of soft commodity global trading. From November 1985 to October 1988 he was an independent futures trader. Prior to this from May 1974 to October 1985 Charles was Vice President of Trading for Farr Man & Co, a US based wholly owned subsidiary of EDF Man, a Futures Commission Merchant, where he was responsible for all phases of trading physical soft commodities.

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.