Revolution Capital Management, LLC

Global Alpha Program


Monthly Performance (%)

Date Range: 05/07 - 11/18
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2018 10.72 -15.46 -0.12 -0.29 -1.13 2.06 0.06 -1.01 -1.47 0.71 -5.30   -12.45 
2017 -0.38 3.12 -3.23 -4.57 -3.14 -3.49 2.04 0.08 -0.58 7.71 -2.99 -0.23  -6.14 
2016 0.45 3.71 0.72 -0.14 -0.41 2.55 -0.19 -0.20 -1.92 -0.18 0.73 4.39  9.74 
2015 1.34 1.71 -4.09 -1.67 -1.95 6.37 -2.51 -2.17 3.73 0.14 2.19 -0.58  2.04 
2014 1.01 -1.47 -1.38 -3.86 0.08 2.44 -1.52 2.30 5.71 -3.06 3.11 -0.97  1.98 
2013 2.75 0.51 0.56 0.31 1.94 0.20 -1.56 0.53 1.25 1.53 1.32 1.70  11.54 
2012 -0.13 3.04 4.14 1.44 7.99 0.50 -0.73 0.67 0.12 0.54 -1.84 -0.04  16.45 
2011 3.06 -3.43 -1.99 -1.92 -1.88 0.09 1.19 0.36 0.75 1.44 -1.86 -1.01  -5.26 
2010 -7.49 4.94 4.71 6.23 0.76 1.43 1.83 2.65 3.68 5.92 -3.66 0.83  23.06 
2009 -1.27 0.04 -1.26 -1.42 -1.18 -1.11 -4.45 3.20 1.87 -1.85 3.07 -2.37  -6.79 
2008 5.33 3.42 -2.81 1.26 3.34 0.58 -0.11 -0.30 2.51 5.20 2.68 4.35  28.23 
2007 3.54 -6.17 -0.42 6.99 4.06 1.39 0.56  9.82 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Revolution Capital Management's Alpha Program is a fully-diversified, short- to medium-term program that utilizes a multi-strategy pattern-recognition methodology. It targets a low long-term correlation to trend-following indices. Annual volatility is targeted to 12% based on daily returns. The Alpha Program balances its exposure fairly evenly across all market sectors, including grains, softs, and meats. Approximately 70% of Alpha's total risk allocation goes to stock indices, currencies, and fixed income, while the remainder is distributed across the various commodities (energies, metals, and agricultural products).

Performance Statistics

Date Range: 05/07 - 11/18
  Program S&P 500 Altegris 40 
Total Return 86.55% 138.60% 23.94% 
Annualized Return 5.57% 7.80% 1.87% 
Annualized Std. Deviation 11.03% 14.55% 9.00% 
Correlation 0.03 0.46 
Sharpe Ratio (rf=2.5%) 0.28 0.36 -0.07 
Worst Month -15.46% -16.79% -6.10% 
Date of Worst Month 02/2018 10/2008 02/2018 
Worst Drawdown -20.92% -50.95% -15.74% 
Date of Worst Drawdown 1/18 - 11/18 10/07 - 2/09 4/11 - 9/13 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 05/07 - 11/18

Year or YTD Program S&P 500 Altegris 40 
2018 -12.45 5.11 -4.69 
2017 -6.14 21.84 1.24 
2016 9.74 11.98 -3.13 
2015 2.04 1.41 0.09 
2014 1.98 13.69 15.75 
2013 11.54 32.41 -2.45 
2012 16.45 15.98 -4.75 
2011 -5.26 2.12 -3.23 
2010 23.06 15.06 11.33 
2009 -6.79 26.45 -7.98 
2008 28.23 -36.99 15.47 
2007 9.82 -3.00 3.88 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 05/07 - 11/18
Date: 11/30/2018
Perf: $1,196.64 Date: 10/31/2018
Perf: $1,211.17 Date: 9/30/2018
Perf: $1,241.85 Date: 8/31/2018
Perf: $1,247.46 Date: 7/31/2018
Perf: $1,216.44 Date: 6/30/2018
Perf: $1,225.63 Date: 5/31/2018
Perf: $1,215.42 Date: 4/30/2018
Perf: $1,231.31 Date: 3/31/2018
Perf: $1,218.15 Date: 2/28/2018
Perf: $1,219.25 Date: 1/31/2018
Perf: $1,298.46 Date: 12/31/2017
Perf: $1,255.52 Date: 11/30/2017
Perf: $1,241.98 Date: 10/31/2017
Perf: $1,240.37 Date: 9/30/2017
Perf: $1,190.49 Date: 8/31/2017
Perf: $1,216.15 Date: 7/31/2017
Perf: $1,196.29 Date: 6/30/2017
Perf: $1,191.64 Date: 5/31/2017
Perf: $1,227.48 Date: 4/30/2017
Perf: $1,225.15 Date: 3/31/2017
Perf: $1,232.55 Date: 2/28/2017
Perf: $1,250.81 Date: 1/31/2017
Perf: $1,224.13 Date: 12/31/2016
Perf: $1,240.12 Date: 11/30/2016
Perf: $1,230.77 Date: 10/31/2016
Perf: $1,244.46 Date: 9/30/2016
Perf: $1,277.42 Date: 8/31/2016
Perf: $1,294.11 Date: 7/31/2016
Perf: $1,329.88 Date: 6/30/2016
Perf: $1,316.46 Date: 5/31/2016
Perf: $1,262.79 Date: 4/30/2016
Perf: $1,285.28 Date: 3/31/2016
Perf: $1,318.37 Date: 2/29/2016
Perf: $1,357.33 Date: 1/31/2016
Perf: $1,324.74 Date: 12/31/2015
Perf: $1,280.19 Date: 11/30/2015
Perf: $1,310.33 Date: 10/31/2015
Perf: $1,267.12 Date: 9/30/2015
Perf: $1,289.55 Date: 8/31/2015
Perf: $1,262.17 Date: 7/31/2015
Perf: $1,284.39 Date: 6/30/2015
Perf: $1,236.06 Date: 5/31/2015
Perf: $1,303.86 Date: 4/30/2015
Perf: $1,313.31 Date: 3/31/2015
Perf: $1,366.04 Date: 2/28/2015
Perf: $1,336.50 Date: 1/31/2015
Perf: $1,338.65 Date: 12/31/2014
Perf: $1,279.04 Date: 11/30/2014
Perf: $1,256.92 Date: 10/31/2014
Perf: $1,186.33 Date: 9/30/2014
Perf: $1,169.15 Date: 8/31/2014
Perf: $1,151.98 Date: 7/31/2014
Perf: $1,105.23 Date: 6/30/2014
Perf: $1,114.15 Date: 5/31/2014
Perf: $1,104.65 Date: 4/30/2014
Perf: $1,077.07 Date: 3/31/2014
Perf: $1,068.95 Date: 2/28/2014
Perf: $1,085.01 Date: 1/31/2014
Perf: $1,076.18 Date: 12/31/2013
Perf: $1,105.02 Date: 11/30/2013
Perf: $1,106.57 Date: 10/31/2013
Perf: $1,086.90 Date: 9/30/2013
Perf: $1,062.57 Date: 8/31/2013
Perf: $1,068.98 Date: 7/31/2013
Perf: $1,089.91 Date: 6/30/2013
Perf: $1,099.47 Date: 5/31/2013
Perf: $1,142.78 Date: 4/30/2013
Perf: $1,194.13 Date: 3/31/2013
Perf: $1,164.10 Date: 2/28/2013
Perf: $1,147.57 Date: 1/31/2013
Perf: $1,154.27 Date: 12/31/2012
Perf: $1,132.74 Date: 11/30/2012
Perf: $1,127.22 Date: 10/31/2012
Perf: $1,124.07 Date: 9/30/2012
Perf: $1,166.29 Date: 8/31/2012
Perf: $1,185.86 Date: 7/31/2012
Perf: $1,202.21 Date: 6/30/2012
Perf: $1,154.97 Date: 5/31/2012
Perf: $1,200.10 Date: 4/30/2012
Perf: $1,177.72 Date: 3/31/2012
Perf: $1,170.69 Date: 2/29/2012
Perf: $1,197.89 Date: 1/31/2012
Perf: $1,193.00 Date: 12/31/2011
Perf: $1,189.19 Date: 11/30/2011
Perf: $1,177.88 Date: 10/31/2011
Perf: $1,174.36 Date: 9/30/2011
Perf: $1,222.78 Date: 8/31/2011
Perf: $1,223.52 Date: 7/31/2011
Perf: $1,225.97 Date: 6/30/2011
Perf: $1,183.48 Date: 5/31/2011
Perf: $1,215.07 Date: 4/30/2011
Perf: $1,261.10 Date: 3/31/2011
Perf: $1,213.77 Date: 2/28/2011
Perf: $1,232.63 Date: 1/31/2011
Perf: $1,212.02 Date: 12/31/2010
Perf: $1,228.86 Date: 11/30/2010
Perf: $1,178.31 Date: 10/31/2010
Perf: $1,221.55 Date: 9/30/2010
Perf: $1,175.92 Date: 8/31/2010
Perf: $1,154.90 Date: 7/31/2010
Perf: $1,108.99 Date: 6/30/2010
Perf: $1,123.49 Date: 5/31/2010
Perf: $1,119.23 Date: 4/30/2010
Perf: $1,146.99 Date: 3/31/2010
Perf: $1,129.59 Date: 2/28/2010
Perf: $1,086.46 Date: 1/31/2010
Perf: $1,076.34 Date: 12/31/2009
Perf: $1,103.83 Date: 11/30/2009
Perf: $1,149.82 Date: 10/31/2009
Perf: $1,105.28 Date: 9/30/2009
Perf: $1,134.32 Date: 8/31/2009
Perf: $1,107.95 Date: 7/31/2009
Perf: $1,104.30 Date: 6/30/2009
Perf: $1,105.52 Date: 5/31/2009
Perf: $1,135.73 Date: 4/30/2009
Perf: $1,120.27 Date: 3/31/2009
Perf: $1,158.14 Date: 2/28/2009
Perf: $1,191.14 Date: 1/31/2009
Perf: $1,191.73 Date: 12/31/2008
Perf: $1,199.53 Date: 11/30/2008
Perf: $1,169.47 Date: 10/31/2008
Perf: $1,128.07 Date: 9/30/2008
Perf: $1,072.82 Date: 8/31/2008
Perf: $1,070.57 Date: 7/31/2008
Perf: $1,099.94 Date: 6/30/2008
Perf: $1,152.86 Date: 5/31/2008
Perf: $1,122.88 Date: 4/30/2008
Perf: $1,100.21 Date: 3/31/2008
Perf: $1,113.01 Date: 2/29/2008
Perf: $1,117.93 Date: 1/31/2008
Perf: $1,057.75 Date: 12/31/2007
Perf: $1,038.84 Date: 11/30/2007
Perf: $1,041.24 Date: 10/31/2007
Perf: $1,048.05 Date: 9/30/2007
Perf: $1,004.74 Date: 8/31/2007
Perf: $959.91 Date: 7/31/2007
Perf: $997.11 Date: 6/30/2007
Perf: $1,028.90 Date: 5/31/2007
Perf: $1,000.00 Date: 11/30/2018
Perf: $2,305.49 Date: 10/31/2018
Perf: $2,259.40 Date: 9/30/2018
Perf: $2,425.29 Date: 8/31/2018
Perf: $2,411.54 Date: 7/31/2018
Perf: $2,335.41 Date: 6/30/2018
Perf: $2,251.65 Date: 5/31/2018
Perf: $2,237.77 Date: 4/30/2018
Perf: $2,185.11 Date: 3/31/2018
Perf: $2,176.84 Date: 2/28/2018
Perf: $2,233.57 Date: 1/31/2018
Perf: $2,319.15 Date: 12/31/2017
Perf: $2,193.46 Date: 11/30/2017
Perf: $2,169.38 Date: 10/31/2017
Perf: $2,104.77 Date: 9/30/2017
Perf: $2,056.84 Date: 8/31/2017
Perf: $2,015.33 Date: 7/31/2017
Perf: $2,009.10 Date: 6/30/2017
Perf: $1,968.55 Date: 5/31/2017
Perf: $1,956.42 Date: 4/30/2017
Perf: $1,929.22 Date: 3/31/2017
Perf: $1,909.55 Date: 2/28/2017
Perf: $1,907.26 Date: 1/31/2017
Perf: $1,834.43 Date: 12/31/2016
Perf: $1,800.23 Date: 11/30/2016
Perf: $1,765.28 Date: 10/31/2016
Perf: $1,702.29 Date: 9/30/2016
Perf: $1,733.85 Date: 8/31/2016
Perf: $1,733.50 Date: 7/31/2016
Perf: $1,731.08 Date: 6/30/2016
Perf: $1,669.47 Date: 5/31/2016
Perf: $1,665.14 Date: 4/30/2016
Perf: $1,635.70 Date: 3/31/2016
Perf: $1,629.35 Date: 2/29/2016
Perf: $1,525.89 Date: 1/31/2016
Perf: $1,527.88 Date: 12/31/2015
Perf: $1,607.61 Date: 11/30/2015
Perf: $1,633.42 Date: 10/31/2015
Perf: $1,628.54 Date: 9/30/2015
Perf: $1,501.79 Date: 8/31/2015
Perf: $1,539.82 Date: 7/31/2015
Perf: $1,638.63 Date: 6/30/2015
Perf: $1,604.93 Date: 5/31/2015
Perf: $1,636.68 Date: 4/30/2015
Perf: $1,615.83 Date: 3/31/2015
Perf: $1,600.47 Date: 2/28/2015
Perf: $1,626.16 Date: 1/31/2015
Perf: $1,537.74 Date: 12/31/2014
Perf: $1,585.30 Date: 11/30/2014
Perf: $1,589.27 Date: 10/31/2014
Perf: $1,547.64 Date: 9/30/2014
Perf: $1,510.78 Date: 8/31/2014
Perf: $1,532.23 Date: 7/31/2014
Perf: $1,473.30 Date: 6/30/2014
Perf: $1,493.92 Date: 5/31/2014
Perf: $1,463.62 Date: 4/30/2014
Perf: $1,430.01 Date: 3/31/2014
Perf: $1,419.51 Date: 2/28/2014
Perf: $1,407.68 Date: 1/31/2014
Perf: $1,346.16 Date: 12/31/2013
Perf: $1,394.41 Date: 11/30/2013
Perf: $1,360.00 Date: 10/31/2013
Perf: $1,319.75 Date: 9/30/2013
Perf: $1,261.71 Date: 8/31/2013
Perf: $1,223.30 Date: 7/31/2013
Perf: $1,259.84 Date: 6/30/2013
Perf: $1,198.82 Date: 5/31/2013
Perf: $1,215.10 Date: 4/30/2013
Perf: $1,187.31 Date: 3/31/2013
Perf: $1,164.83 Date: 2/28/2013
Perf: $1,122.73 Date: 1/31/2013
Perf: $1,107.67 Date: 12/31/2012
Perf: $1,053.12 Date: 11/30/2012
Perf: $1,043.62 Date: 10/31/2012
Perf: $1,037.60 Date: 9/30/2012
Perf: $1,057.16 Date: 8/31/2012
Perf: $1,030.57 Date: 7/31/2012
Perf: $1,007.89 Date: 6/30/2012
Perf: $994.07 Date: 5/31/2012
Perf: $954.74 Date: 4/30/2012
Perf: $1,015.79 Date: 3/31/2012
Perf: $1,022.23 Date: 2/29/2012
Perf: $989.67 Date: 1/31/2012
Perf: $948.68 Date: 12/31/2011
Perf: $908.01 Date: 11/30/2011
Perf: $898.84 Date: 10/31/2011
Perf: $900.82 Date: 9/30/2011
Perf: $812.06 Date: 8/31/2011
Perf: $873.47 Date: 7/31/2011
Perf: $923.62 Date: 6/30/2011
Perf: $942.76 Date: 5/31/2011
Perf: $958.77 Date: 4/30/2011
Perf: $969.73 Date: 3/31/2011
Perf: $941.85 Date: 2/28/2011
Perf: $941.47 Date: 1/31/2011
Perf: $910.25 Date: 12/31/2010
Perf: $889.18 Date: 11/30/2010
Perf: $833.50 Date: 10/31/2010
Perf: $833.41 Date: 9/30/2010
Perf: $802.83 Date: 8/31/2010
Perf: $737.08 Date: 7/31/2010
Perf: $771.89 Date: 6/30/2010
Perf: $721.33 Date: 5/31/2010
Perf: $761.13 Date: 4/30/2010
Perf: $827.23 Date: 3/31/2010
Perf: $814.36 Date: 2/28/2010
Perf: $768.05 Date: 1/31/2010
Perf: $744.96 Date: 12/31/2009
Perf: $772.78 Date: 11/30/2009
Perf: $758.14 Date: 10/31/2009
Perf: $715.23 Date: 9/30/2009
Perf: $728.78 Date: 8/31/2009
Perf: $702.58 Date: 7/31/2009
Perf: $678.10 Date: 6/30/2009
Perf: $630.44 Date: 5/31/2009
Perf: $629.18 Date: 4/30/2009
Perf: $595.87 Date: 3/31/2009
Perf: $543.83 Date: 2/28/2009
Perf: $500.02 Date: 1/31/2009
Perf: $559.62 Date: 12/31/2008
Perf: $611.14 Date: 11/30/2008
Perf: $604.73 Date: 10/31/2008
Perf: $651.51 Date: 9/30/2008
Perf: $782.97 Date: 8/31/2008
Perf: $859.56 Date: 7/31/2008
Perf: $847.27 Date: 6/30/2008
Perf: $854.45 Date: 5/31/2008
Perf: $933.11 Date: 4/30/2008
Perf: $921.14 Date: 3/31/2008
Perf: $878.36 Date: 2/29/2008
Perf: $882.16 Date: 1/31/2008
Perf: $911.79 Date: 12/31/2007
Perf: $969.99 Date: 11/30/2007
Perf: $976.73 Date: 10/31/2007
Perf: $1,019.34 Date: 9/30/2007
Perf: $1,003.38 Date: 8/31/2007
Perf: $967.21 Date: 7/31/2007
Perf: $952.91 Date: 6/30/2007
Perf: $983.40 Date: 5/31/2007
Perf: $1,000.00 Date: 11/30/2018
Perf: $1,865.46 Date: 10/31/2018
Perf: $1,969.86 Date: 9/30/2018
Perf: $1,955.97 Date: 8/31/2018
Perf: $1,985.15 Date: 7/31/2018
Perf: $2,005.41 Date: 6/30/2018
Perf: $2,004.21 Date: 5/31/2018
Perf: $1,963.75 Date: 4/30/2018
Perf: $1,986.20 Date: 3/31/2018
Perf: $1,991.97 Date: 2/28/2018
Perf: $1,994.37 Date: 1/31/2018
Perf: $2,359.08 Date: 12/31/2017
Perf: $2,130.67 Date: 11/30/2017
Perf: $2,135.58 Date: 10/31/2017
Perf: $2,201.41 Date: 9/30/2017
Perf: $2,043.83 Date: 8/31/2017
Perf: $2,055.75 Date: 7/31/2017
Perf: $2,054.11 Date: 6/30/2017
Perf: $2,013.04 Date: 5/31/2017
Perf: $2,085.84 Date: 4/30/2017
Perf: $2,153.45 Date: 3/31/2017
Perf: $2,256.58 Date: 2/28/2017
Perf: $2,331.90 Date: 1/31/2017
Perf: $2,261.35 Date: 12/31/2016
Perf: $2,269.97 Date: 11/30/2016
Perf: $2,174.51 Date: 10/31/2016
Perf: $2,158.75 Date: 9/30/2016
Perf: $2,162.65 Date: 8/31/2016
Perf: $2,204.98 Date: 7/31/2016
Perf: $2,209.40 Date: 6/30/2016
Perf: $2,213.61 Date: 5/31/2016
Perf: $2,158.56 Date: 4/30/2016
Perf: $2,167.45 Date: 3/31/2016
Perf: $2,170.49 Date: 2/29/2016
Perf: $2,154.97 Date: 1/31/2016
Perf: $2,077.88 Date: 12/31/2015
Perf: $2,068.57 Date: 11/30/2015
Perf: $2,080.64 Date: 10/31/2015
Perf: $2,036.05 Date: 9/30/2015
Perf: $2,033.21 Date: 8/31/2015
Perf: $1,960.09 Date: 7/31/2015
Perf: $2,003.57 Date: 6/30/2015
Perf: $2,055.16 Date: 5/31/2015
Perf: $1,932.08 Date: 4/30/2015
Perf: $1,970.51 Date: 3/31/2015
Perf: $2,003.97 Date: 2/28/2015
Perf: $2,089.43 Date: 1/31/2015
Perf: $2,054.30 Date: 12/31/2014
Perf: $2,027.14 Date: 11/30/2014
Perf: $2,047.00 Date: 10/31/2014
Perf: $1,985.25 Date: 9/30/2014
Perf: $2,047.92 Date: 8/31/2014
Perf: $1,937.30 Date: 7/31/2014
Perf: $1,893.74 Date: 6/30/2014
Perf: $1,922.97 Date: 5/31/2014
Perf: $1,877.17 Date: 4/30/2014
Perf: $1,875.67 Date: 3/31/2014
Perf: $1,950.98 Date: 2/28/2014
Perf: $1,978.28 Date: 1/31/2014
Perf: $2,007.79 Date: 12/31/2013
Perf: $1,987.72 Date: 11/30/2013
Perf: $1,954.49 Date: 10/31/2013
Perf: $1,929.03 Date: 9/30/2013
Perf: $1,899.96 Date: 8/31/2013
Perf: $1,876.50 Date: 7/31/2013
Perf: $1,866.61 Date: 6/30/2013
Perf: $1,896.19 Date: 5/31/2013
Perf: $1,892.40 Date: 4/30/2013
Perf: $1,856.39 Date: 3/31/2013
Perf: $1,850.65 Date: 2/28/2013
Perf: $1,840.35 Date: 1/31/2013
Perf: $1,831.01 Date: 12/31/2012
Perf: $1,782.00 Date: 11/30/2012
Perf: $1,782.72 Date: 10/31/2012
Perf: $1,816.13 Date: 9/30/2012
Perf: $1,806.38 Date: 8/31/2012
Perf: $1,804.21 Date: 7/31/2012
Perf: $1,792.21 Date: 6/30/2012
Perf: $1,805.39 Date: 5/31/2012
Perf: $1,796.40 Date: 4/30/2012
Perf: $1,663.49 Date: 3/31/2012
Perf: $1,639.88 Date: 2/29/2012
Perf: $1,574.68 Date: 1/31/2012
Perf: $1,528.23 Date: 12/31/2011
Perf: $1,530.22 Date: 11/30/2011
Perf: $1,545.83 Date: 10/31/2011
Perf: $1,575.13 Date: 9/30/2011
Perf: $1,552.77 Date: 8/31/2011
Perf: $1,541.21 Date: 7/31/2011
Perf: $1,535.68 Date: 6/30/2011
Perf: $1,517.62 Date: 5/31/2011
Perf: $1,516.25 Date: 4/30/2011
Perf: $1,545.31 Date: 3/31/2011
Perf: $1,575.56 Date: 2/28/2011
Perf: $1,607.55 Date: 1/31/2011
Perf: $1,664.64 Date: 12/31/2010
Perf: $1,615.22 Date: 11/30/2010
Perf: $1,601.92 Date: 10/31/2010
Perf: $1,662.78 Date: 9/30/2010
Perf: $1,569.85 Date: 8/31/2010
Perf: $1,514.13 Date: 7/31/2010
Perf: $1,475.04 Date: 6/30/2010
Perf: $1,448.53 Date: 5/31/2010
Perf: $1,428.11 Date: 4/30/2010
Perf: $1,417.34 Date: 3/31/2010
Perf: $1,334.21 Date: 2/28/2010
Perf: $1,274.20 Date: 1/31/2010
Perf: $1,214.22 Date: 12/31/2009
Perf: $1,312.53 Date: 11/30/2009
Perf: $1,344.39 Date: 10/31/2009
Perf: $1,304.34 Date: 9/30/2009
Perf: $1,328.93 Date: 8/31/2009
Perf: $1,304.53 Date: 7/31/2009
Perf: $1,264.08 Date: 6/30/2009
Perf: $1,322.95 Date: 5/31/2009
Perf: $1,337.80 Date: 4/30/2009
Perf: $1,353.78 Date: 3/31/2009
Perf: $1,373.28 Date: 2/28/2009
Perf: $1,390.80 Date: 1/31/2009
Perf: $1,390.25 Date: 12/31/2008
Perf: $1,408.13 Date: 11/30/2008
Perf: $1,349.43 Date: 10/31/2008
Perf: $1,314.21 Date: 9/30/2008
Perf: $1,249.25 Date: 8/31/2008
Perf: $1,218.66 Date: 7/31/2008
Perf: $1,222.33 Date: 6/30/2008
Perf: $1,223.67 Date: 5/31/2008
Perf: $1,216.62 Date: 4/30/2008
Perf: $1,177.30 Date: 3/31/2008
Perf: $1,162.65 Date: 2/29/2008
Perf: $1,196.26 Date: 1/31/2008
Perf: $1,156.70 Date: 12/31/2007
Perf: $1,098.17 Date: 11/30/2007
Perf: $1,092.05 Date: 10/31/2007
Perf: $1,077.08 Date: 9/30/2007
Perf: $1,035.06 Date: 8/31/2007
Perf: $967.44 Date: 7/31/2007
Perf: $971.52 Date: 6/30/2007
Perf: $1,035.40 Date: 5/31/2007
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 05/07 - 11/18
Date: 11/30/2018
Return: -5.30 % Date: 10/31/2018
Return: 0.71 % Date: 9/30/2018
Return: -1.47 % Date: 8/31/2018
Return: -1.01 % Date: 7/31/2018
Return: 0.06 % Date: 6/30/2018
Return: 2.06 % Date: 5/31/2018
Return: -1.13 % Date: 4/30/2018
Return: -0.29 % Date: 3/31/2018
Return: -0.12 % Date: 2/28/2018
Return: -15.46 % Date: 1/31/2018
Return: 10.72 % Date: 12/31/2017
Return: -0.23 % Date: 11/30/2017
Return: -2.99 % Date: 10/31/2017
Return: 7.71 % Date: 9/30/2017
Return: -0.58 % Date: 8/31/2017
Return: 0.08 % Date: 7/31/2017
Return: 2.04 % Date: 6/30/2017
Return: -3.49 % Date: 5/31/2017
Return: -3.14 % Date: 4/30/2017
Return: -4.57 % Date: 3/31/2017
Return: -3.23 % Date: 2/28/2017
Return: 3.12 % Date: 1/31/2017
Return: -0.38 % Date: 12/31/2016
Return: 4.39 % Date: 11/30/2016
Return: 0.73 % Date: 10/31/2016
Return: -0.18 % Date: 9/30/2016
Return: -1.92 % Date: 8/31/2016
Return: -0.20 % Date: 7/31/2016
Return: -0.19 % Date: 6/30/2016
Return: 2.55 % Date: 5/31/2016
Return: -0.41 % Date: 4/30/2016
Return: -0.14 % Date: 3/31/2016
Return: 0.72 % Date: 2/29/2016
Return: 3.71 % Date: 1/31/2016
Return: 0.45 % Date: 12/31/2015
Return: -0.58 % Date: 11/30/2015
Return: 2.19 % Date: 10/31/2015
Return: 0.14 % Date: 9/30/2015
Return: 3.73 % Date: 8/31/2015
Return: -2.17 % Date: 7/31/2015
Return: -2.51 % Date: 6/30/2015
Return: 6.37 % Date: 5/31/2015
Return: -1.95 % Date: 4/30/2015
Return: -1.67 % Date: 3/31/2015
Return: -4.09 % Date: 2/28/2015
Return: 1.71 % Date: 1/31/2015
Return: 1.34 % Date: 12/31/2014
Return: -0.97 % Date: 11/30/2014
Return: 3.11 % Date: 10/31/2014
Return: -3.06 % Date: 9/30/2014
Return: 5.71 % Date: 8/31/2014
Return: 2.30 % Date: 7/31/2014
Return: -1.52 % Date: 6/30/2014
Return: 2.44 % Date: 5/31/2014
Return: 0.08 % Date: 4/30/2014
Return: -3.86 % Date: 3/31/2014
Return: -1.38 % Date: 2/28/2014
Return: -1.47 % Date: 1/31/2014
Return: 1.01 % Date: 12/31/2013
Return: 1.70 % Date: 11/30/2013
Return: 1.32 % Date: 10/31/2013
Return: 1.53 % Date: 9/30/2013
Return: 1.25 % Date: 8/31/2013
Return: 0.53 % Date: 7/31/2013
Return: -1.56 % Date: 6/30/2013
Return: 0.20 % Date: 5/31/2013
Return: 1.94 % Date: 4/30/2013
Return: 0.31 % Date: 3/31/2013
Return: 0.56 % Date: 2/28/2013
Return: 0.51 % Date: 1/31/2013
Return: 2.75 % Date: 12/31/2012
Return: -0.04 % Date: 11/30/2012
Return: -1.84 % Date: 10/31/2012
Return: 0.54 % Date: 9/30/2012
Return: 0.12 % Date: 8/31/2012
Return: 0.67 % Date: 7/31/2012
Return: -0.73 % Date: 6/30/2012
Return: 0.50 % Date: 5/31/2012
Return: 7.99 % Date: 4/30/2012
Return: 1.44 % Date: 3/31/2012
Return: 4.14 % Date: 2/29/2012
Return: 3.04 % Date: 1/31/2012
Return: -0.13 % Date: 12/31/2011
Return: -1.01 % Date: 11/30/2011
Return: -1.86 % Date: 10/31/2011
Return: 1.44 % Date: 9/30/2011
Return: 0.75 % Date: 8/31/2011
Return: 0.36 % Date: 7/31/2011
Return: 1.19 % Date: 6/30/2011
Return: 0.09 % Date: 5/31/2011
Return: -1.88 % Date: 4/30/2011
Return: -1.92 % Date: 3/31/2011
Return: -1.99 % Date: 2/28/2011
Return: -3.43 % Date: 1/31/2011
Return: 3.06 % Date: 12/31/2010
Return: 0.83 % Date: 11/30/2010
Return: -3.66 % Date: 10/31/2010
Return: 5.92 % Date: 9/30/2010
Return: 3.68 % Date: 8/31/2010
Return: 2.65 % Date: 7/31/2010
Return: 1.83 % Date: 6/30/2010
Return: 1.43 % Date: 5/31/2010
Return: 0.76 % Date: 4/30/2010
Return: 6.23 % Date: 3/31/2010
Return: 4.71 % Date: 2/28/2010
Return: 4.94 % Date: 1/31/2010
Return: -7.49 % Date: 12/31/2009
Return: -2.37 % Date: 11/30/2009
Return: 3.07 % Date: 10/31/2009
Return: -1.85 % Date: 9/30/2009
Return: 1.87 % Date: 8/31/2009
Return: 3.20 % Date: 7/31/2009
Return: -4.45 % Date: 6/30/2009
Return: -1.11 % Date: 5/31/2009
Return: -1.18 % Date: 4/30/2009
Return: -1.42 % Date: 3/31/2009
Return: -1.26 % Date: 2/28/2009
Return: 0.04 % Date: 1/31/2009
Return: -1.27 % Date: 12/31/2008
Return: 4.35 % Date: 11/30/2008
Return: 2.68 % Date: 10/31/2008
Return: 5.20 % Date: 9/30/2008
Return: 2.51 % Date: 8/31/2008
Return: -0.30 % Date: 7/31/2008
Return: -0.11 % Date: 6/30/2008
Return: 0.58 % Date: 5/31/2008
Return: 3.34 % Date: 4/30/2008
Return: 1.26 % Date: 3/31/2008
Return: -2.81 % Date: 2/29/2008
Return: 3.42 % Date: 1/31/2008
Return: 5.33 % Date: 12/31/2007
Return: 0.56 % Date: 11/30/2007
Return: 1.39 % Date: 10/31/2007
Return: 4.06 % Date: 9/30/2007
Return: 6.99 % Date: 8/31/2007
Return: -0.42 % Date: 7/31/2007
Return: -6.17 % Date: 6/30/2007
Return: 3.54 % Date: 5/31/2007
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 05/07 - 11/18
Return: -15.00 %
Count: 1 Return: 11.00 %
Count: 1 Return: -5.00 %
Count: 2 Return: 8.00 %
Count: 2 Return: 6.00 %
Count: 4 Return: -7.00 %
Count: 1 Return: -2.00 %
Count: 13 Return: 2.00 %
Count: 11 Return: -4.00 %
Count: 4 Return: -1.00 %
Count: 15 Return: -3.00 %
Count: 8 Return: 3.00 %
Count: 13 Return: 5.00 %
Count: 4 Return: 1.00 %
Count: 23 Return: 7.00 %
Count: 1 Return: -6.00 %
Count: 1 Return: 4.00 %
Count: 8 Return: 0.00 %
Count: 27
Note: All performance data is since program inception.

Underwater Curve

Date Range: 05/07 - 11/18
Date: 11/30/2018
Drawdown: -20.92 % Date: 10/31/2018
Drawdown: -16.50 % Date: 9/30/2018
Drawdown: -17.09 % Date: 8/31/2018
Drawdown: -15.85 % Date: 7/31/2018
Drawdown: -14.99 % Date: 6/30/2018
Drawdown: -15.04 % Date: 5/31/2018
Drawdown: -16.76 % Date: 4/30/2018
Drawdown: -15.81 % Date: 3/31/2018
Drawdown: -15.56 % Date: 2/28/2018
Drawdown: -15.46 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -8.63 % Date: 11/30/2017
Drawdown: -8.42 % Date: 10/31/2017
Drawdown: -5.60 % Date: 9/30/2017
Drawdown: -12.35 % Date: 8/31/2017
Drawdown: -11.84 % Date: 7/31/2017
Drawdown: -11.91 % Date: 6/30/2017
Drawdown: -13.67 % Date: 5/31/2017
Drawdown: -10.55 % Date: 4/30/2017
Drawdown: -7.65 % Date: 3/31/2017
Drawdown: -3.23 % Date: 2/28/2017
Drawdown: 0.00 % Date: 1/31/2017
Drawdown: -0.38 % Date: 12/31/2016
Drawdown: 0.00 % Date: 11/30/2016
Drawdown: -1.77 % Date: 10/31/2016
Drawdown: -2.48 % Date: 9/30/2016
Drawdown: -2.30 % Date: 8/31/2016
Drawdown: -0.39 % Date: 7/31/2016
Drawdown: -0.19 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: -0.55 % Date: 4/30/2016
Drawdown: -0.14 % Date: 3/31/2016
Drawdown: 0.00 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -0.55 % Date: 12/31/2015
Drawdown: -1.00 % Date: 11/30/2015
Drawdown: -0.42 % Date: 10/31/2015
Drawdown: -2.55 % Date: 9/30/2015
Drawdown: -2.69 % Date: 8/31/2015
Drawdown: -6.19 % Date: 7/31/2015
Drawdown: -4.11 % Date: 6/30/2015
Drawdown: -1.64 % Date: 5/31/2015
Drawdown: -7.53 % Date: 4/30/2015
Drawdown: -5.69 % Date: 3/31/2015
Drawdown: -4.09 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -1.01 % Date: 11/30/2014
Drawdown: -0.05 % Date: 10/31/2014
Drawdown: -3.06 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: -3.51 % Date: 7/31/2014
Drawdown: -5.68 % Date: 6/30/2014
Drawdown: -4.22 % Date: 5/31/2014
Drawdown: -6.51 % Date: 4/30/2014
Drawdown: -6.58 % Date: 3/31/2014
Drawdown: -2.83 % Date: 2/28/2014
Drawdown: -1.47 % Date: 1/31/2014
Drawdown: 0.00 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: 0.00 % Date: 10/31/2013
Drawdown: 0.00 % Date: 9/30/2013
Drawdown: 0.00 % Date: 8/31/2013
Drawdown: -1.04 % Date: 7/31/2013
Drawdown: -1.56 % Date: 6/30/2013
Drawdown: 0.00 % Date: 5/31/2013
Drawdown: 0.00 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: 0.00 % Date: 2/28/2013
Drawdown: 0.00 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: -1.88 % Date: 11/30/2012
Drawdown: -1.84 % Date: 10/31/2012
Drawdown: 0.00 % Date: 9/30/2012
Drawdown: 0.00 % Date: 8/31/2012
Drawdown: -0.06 % Date: 7/31/2012
Drawdown: -0.73 % Date: 6/30/2012
Drawdown: 0.00 % Date: 5/31/2012
Drawdown: 0.00 % Date: 4/30/2012
Drawdown: -0.07 % Date: 3/31/2012
Drawdown: -1.49 % Date: 2/29/2012
Drawdown: -5.40 % Date: 1/31/2012
Drawdown: -8.20 % Date: 12/31/2011
Drawdown: -8.08 % Date: 11/30/2011
Drawdown: -7.14 % Date: 10/31/2011
Drawdown: -5.38 % Date: 9/30/2011
Drawdown: -6.72 % Date: 8/31/2011
Drawdown: -7.42 % Date: 7/31/2011
Drawdown: -7.75 % Date: 6/30/2011
Drawdown: -8.83 % Date: 5/31/2011
Drawdown: -8.91 % Date: 4/30/2011
Drawdown: -7.17 % Date: 3/31/2011
Drawdown: -5.35 % Date: 2/28/2011
Drawdown: -3.43 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: -2.86 % Date: 11/30/2010
Drawdown: -3.66 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: 0.00 % Date: 5/31/2010
Drawdown: 0.00 % Date: 4/30/2010
Drawdown: 0.00 % Date: 3/31/2010
Drawdown: -5.25 % Date: 2/28/2010
Drawdown: -9.51 % Date: 1/31/2010
Drawdown: -13.77 % Date: 12/31/2009
Drawdown: -6.79 % Date: 11/30/2009
Drawdown: -4.53 % Date: 10/31/2009
Drawdown: -7.37 % Date: 9/30/2009
Drawdown: -5.62 % Date: 8/31/2009
Drawdown: -7.36 % Date: 7/31/2009
Drawdown: -10.23 % Date: 6/30/2009
Drawdown: -6.05 % Date: 5/31/2009
Drawdown: -4.99 % Date: 4/30/2009
Drawdown: -3.86 % Date: 3/31/2009
Drawdown: -2.48 % Date: 2/28/2009
Drawdown: -1.23 % Date: 1/31/2009
Drawdown: -1.27 % Date: 12/31/2008
Drawdown: 0.00 % Date: 11/30/2008
Drawdown: 0.00 % Date: 10/31/2008
Drawdown: 0.00 % Date: 9/30/2008
Drawdown: 0.00 % Date: 8/31/2008
Drawdown: -0.41 % Date: 7/31/2008
Drawdown: -0.11 % Date: 6/30/2008
Drawdown: 0.00 % Date: 5/31/2008
Drawdown: 0.00 % Date: 4/30/2008
Drawdown: -1.59 % Date: 3/31/2008
Drawdown: -2.81 % Date: 2/29/2008
Drawdown: 0.00 % Date: 1/31/2008
Drawdown: 0.00 % Date: 12/31/2007
Drawdown: 0.00 % Date: 11/30/2007
Drawdown: 0.00 % Date: 10/31/2007
Drawdown: 0.00 % Date: 9/30/2007
Drawdown: -0.03 % Date: 8/31/2007
Drawdown: -6.56 % Date: 7/31/2007
Drawdown: -6.17 % Date: 6/30/2007
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

The advisor began trading customer accounts in June 2007. Therefore, little historical performance is available for the managed account program. Please see the performance record of the advisor's Fund which trades proprietary money of the advisor pursuant to the same strategy, titled "Global Alpha *PROP*".

The performance information shown is a composite of the accounts traded under this program and does not reflect the performance of any single account. The results shown are net of all fees and expenses. Performance results of individual accounts may vary as a result of differing fees, account size, the timing of the entry of orders and other factors.

Manager Information

Manager Name:  Revolution Capital Management, LLC
Address: 1400 16th Street, Suite 510
City: Denver
State: CO
Zip: 80202
Country: USA

Key People

Name:  Michael David Mundt
Position:  Principal
Biography: 

Michael’s tasks primarily consist of model development, business/marketing, and coordinating RCM’s overall business and trading strategy. Michael’s background is in engineering and applied science. He received his Bachelor of Science degree in Aerospace Engineering from the University of Colorado in 1989. He was awarded a Ph.D. in Aerospace Engineering in 1993, also from the University of Colorado; his thesis involved the exploration of chaos and turbulence in simple weather/climate models. After the completion of his academic studies, Michael transitioned into the technology industry. He was employed by Seagate Technology (a hard-disk drive company) as an engineer specializing in computational fluid mechanics between March 1998 and July 2007. He currently holds nineteen U.S. patents in the area of disk-drive head/disk mechanics. Michael has been registered with the CFTC as an Associated Person and the NFA as an associate member since 12/27/2004 and has been a listed Principal of RCM since 12/27/2004.


Name:  Theodore Robert Olson
Position:  Principal
Biography: 

Rob oversees the architecture and development of the hardware and software computing infrastructure at RCM. Rob received his Bachelor of Science degree in Aerospace Engineering at the University of Arizona in 1989. He received his Master’s and Doctorate degrees in Aerospace Engineering at the University of Colorado in 1992 and 1996, respectively. Rob was employed at Raytheon Technology, an aerospace defense contractor, from June 1996 through June 2006. His primary job duties included code/software development, data analysis, and the development of statistical algorithms to process high-frequency, realtime data. Rob is familiar with a wide range of computing languages (e.g. Fortran, C, C++, Java), operating systems (e.g. Windows, Linux, Unix, Mac OS X), and application software (e.g. Perl, Matlab, Tcl/Tk). Rob has been registered with the CFTC as an Associated Person and the NFA as an associate member since 06/19/2008 and has been a listed Principal of RCM since 09/02/2005.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Investment Methodology
 Technical Yes 
 Trend Following Yes 
 Systematic Yes 
 Diversified Yes 
 Counter-trend Yes 
 Pattern Recognition Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Medium Term Yes 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $5,000,000 
 Margin / Equity Ratio: 8% 
 Managed Account Availability: Open