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Receive a Tanyard
Creek Capital
Performance
Report by Email:
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PLEASE NOTE: ALTAVRA does
NOT charge a load, upfront
or initial fee on any account.
The program trades Lean
Hogs, Live Cattle, Feeder
Cattle, and Pork Bellies.
The principle, Randall Cleland,
attempts to capture trends
in outright long/short futures
and futures spreads based
on a fundamental analysis
of the market. A small
percentage of the portfolio
may also be allocated to
long-only options or option
spreads (never to outright
short options positions).
Tanyard Creek Capital, LLC
(TCC) is responsible for
determining and implementing
the trading strategy. The
trading strategy draws upon
the judgment and experience
of the Mr. Cleland, as well
as on his knowledge of fundamental
technical factors affecting
various commodity markets.
The trading strategy attempts
to identify optimal trading
opportunities. The approach
is primarily guided by observation
of spreads within a particular
market. It is the assumption
of TCC that, by studying
and investing in the spreads
between contract months,
commodities, and various
commodity classes, an investor
can earn substantial profits
with acceptable risks. TCC
believes that the spread
markets provide numerous
trading opportunities as
speculators, hedgers, and
commercial interests move
commodity positions from
one contract month, commodity,
or commodity class to another.
TCC may refine or change
its trading approach (including
enhancements or changes
to the trading system or
deletion of commodity interests
traded) at any time without
prior notice.
The Program’s portfolio
is structured to include
various outright positions
and spread positions.
The Program’s return objectives
are 25-35% with potential
annual drawdowns contained
under 15-20%. The average
margin-to-equity ratio is
approximately 10% - 30%.
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Markets and
Trading Activity
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This Program
may trade futures and option
contracts in any market
traded on a U.S. Futures
exchange. To effectively
capture trends over all
markets, the Program requires
no less than $50,000 for
each account and anticipates
approximately 2,500 round
turns per $1,000,000.
The Principal of Tanyard
Creek Capital is Randall
Cleland. Randall Cleland
is from Atlanta, Georgia.
He attended the University
of Georgia, from which he
holds both a BS (1993) and
MS (1996) in Agricultural
and Applied Economics. During
his academic career, he
gained extensive experience
developing quantitative
models and forecasting economic
trends in agriculture, and
his work has been published
in two peer reviewed journals.
In December 1996, he joined
Sara Lee Corporation’s trading
division where he held the
title of Trading Manager
and Staff Economist until
he left the firm in December
2000. During this time,
Randall learned the meat
business from the ground
up, negotiating purchases
of pork, beef, and poultry
for national brands like
Sara Lee, Hillshire Farm,
Jimmy Dean, and Ball Park.
In addition to procuring
fresh meat, Randall managed
the company’s freezer program,
presented commodity programs
to corporate clients, and
developed economic forecasts
to support the trading group’s
fundamental direction.
Randall became a registered
Associated Person with the
Rosenthal Collins Group
LLC (“RCG”) in Chicago,
Illinois on January 16,
2001. During this period,
Mr. Cleland was also a registered
Floor Broker at the Chicago
Mercantile Exchange from
May 9, 2001 through September
30, 2003.
After three years at the
CME and a brief hiatus,
he returned to Sara Lee
in December 2003 where he
held the title of Commodity
Risk Manager, Meats until
his departure in December
2006. As Commodity Risk
Manager, Randall managed
the company’s $750 million
annual commodity meat exposure,
running the hedge book for
this massive trading group.
As before, his focus was
on the livestock-based commodities
and their inherent volatility.
While still an Associated
Person with RCG, Randall
became registered as the
Principal and Associated
Person of Tanyard Creek
Capital on September 18,
2007. His trading strategy
remains focused on sound
fundamental and technical
analysis to support the
needs of his corporate and
private clients. Over the
years, he has developed
an in-depth knowledge of
the politics and people
that drive the livestock/meat
business.
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
Disclosure
Document
Management
Agreement
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ALTAVRA offers many
programs in addition
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Contact us at 1-800-998-7870
or
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