SPCM FX SPCM Managed Forex Program . Access This Page Directly: http://spcm.altavra.com Forex Risk Disclosure Statement THE RISK OF LOSS IN TRADING FOREX CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING: IF YOU PURCHASE AN OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS. IF YOU PURCHASE OR SELL CURRENCIES IN THE FOREX MARKET OR SELL AN OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUIRED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT. UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES BECOME ILLIQUID. THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A “STOP-LOSS: OR “STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS. A “SPREAD” POSITION MAY NOT BE LESS RISKY THAN A SIMPLE “LONG” OR “SHORT” POSITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE MARKETS. YOU SHOULD ALSO BE AWARE THAT THIS TRADING ADVISOR MAY ENGAGE IN TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, THESE MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS. THE TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR’S NAME FROM A CLIENT FOR TRADING. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT. Peregrine Financial Group, Inc may act as counterparty to your forex transactions. Past performance is not necessarily indicative of future results. There are substantial risks associated with leveraged products and additional risks with off-exchange transactions such as those in this managed forex account program.
SPCM FX SPCM Managed Forex Program SPCM is a SPot Currency Managed forex program offered by Altavra Incorporated. The program aims to generate uncorrelated returns by trading in major currency pairs exclusively in spot forex, there are no options transactions allowed. Although discretionary in nature the strategy benefits from a structured analysis of past price movement and technical analysis, including pivot points that signify increased market activity. Discipline and structured trading decisions are keys to the success of the program. There are currently in excess of $10 million under management in the program, mainly from institutional clients. As with all leveraged products there are substantial risks, the traders attempt to mitigate these risks by minimizing overnight exposure and entering stop loss orders for each position. The minimum investment in the SPCM is $10,000. The maximum commission is $20 per million USD traded. The manager charges no management fee and a 25% incentive fee. The information below is from actual trading net of ALL fees. Compounded Performance (Actual Trading) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | Year | 5.71 | 1.28 | -10.83 | -4.40 | | | | | | | | | -8.73% | 2008 | -0.29 | 1.83 | 1.68 | -0.30 | -0.71 | -2.15 | 1.23 | 5.81 | 3.14 | 3.82 | 5.84 | 0.29 | 21.75% | 2007 | | | | | | | | | -9.94 | 0.01 | -5.58 | 1.56 | -0.45 | -14.02% | 2006 |
SPCM FX in Brief | 2008 YTD Performance | -8.73% | Average Monthly Return | -0.12% | Annual Standard Deviation | 30.64% | Monthly Standard Deviation | 8.85% | Months Profitable Percentage | 57% | Monthly Maximum Drawdown | -10.83% | Largest Drawdown* | -15.51% | Average Gain in Profitable Months | 2.68% | Average Loss in Unprofitable Months | -3.42% | Sharpe Ratio (Risk Free Rate of 3%) | -0.14 | Maximum Leverage | 10:1 | Holding Period (days) | < 1 | Historical Percent of Trades Profitable | < 50% |
*Largest Drawdown is calculated from cumulative month end reports and occurred in the period August to October 2006. Peregrine Financial Group, Inc may act as counterparty to your forex transactions. Past performance is not necessarily indicative of future results. There are substantial risks associated with leveraged products and additional risks with off-exchange transactions such as those in this managed forex account program. Disclosure Statement | 
