Sandpiper Asset Managment

Sandpiper Global Macro Strategy *QEP*


Monthly Performance (%)

Date Range: 07/12 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 0.90 -0.39 -4.05 3.21   -0.47 
2018 9.78 -1.16 -1.06 3.68 -3.57 -6.65 0.03 -1.86 3.67 0.56 2.82 5.63  11.37 
2017 -4.37 -2.28 -5.84 2.78 -3.27 0.42 0.36 0.09 -5.03 5.94 0.45 -1.57  -12.22 
2016 2.90 3.74 -2.01 0.61 -8.40 4.72 4.21 -4.15 0.64 -0.40 3.57 0.02  4.70 
2015 0.66 2.06 2.43 -5.11 1.00 -1.65 6.71 0.40 1.89 -3.48 8.98 -2.85  10.65 
2014 -7.56 1.00 6.51 -1.98 3.99 0.76 -0.73 -6.04 23.54 1.75 7.39 3.82  33.51 
2013 4.47 3.82 4.06 8.44 6.67 0.56 -1.75 -1.91 -5.10 -5.56 6.92 2.23  23.95 
2012 -0.81 -0.15 -6.37 -5.60 -2.58  -14.72 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Sandpiper is a diversified global macro investment manager employing trend-following and fundamental trading methods. The strategy is designed to capture trends over the medium-term, while in conjunction, employing strategic top-down fundamental and technical signals. Sandpiper transacts in over 50 liquid futures markets globally. It produces a unique return profile and exhibits an insignificant correlation to well-known CTA programs and CTA indices. Strict risk management is in place at the: asset, sector, portfolio and thematic level and is critical to the portfolio optimization process.

Performance Statistics

Date Range: 07/12 - 04/19
  Program S&P 500 Altegris 40 
Total Return 59.09% 149.47% 9.42% 
Annualized Return 7.12% 14.31% 1.33% 
Annualized Std. Deviation 16.60% 10.53% 8.47% 
Correlation -0.02 0.37 
Sharpe Ratio (rf=2.5%) 0.28 1.12 -0.14 
Worst Month -8.40% -9.03% -6.10% 
Date of Worst Month 05/2016 12/2018 02/2018 
Worst Drawdown -17.80% -13.52% -13.63% 
Date of Worst Drawdown 2/16 - 9/17 9/18 - 12/18 3/15 - 1/19 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 07/12 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 -0.47 18.24 5.17 
2018 11.37 -4.38 -4.29 
2017 -12.22 21.84 1.24 
2016 4.70 11.98 -3.13 
2015 10.65 1.41 0.09 
2014 33.51 13.69 15.75 
2013 23.95 32.41 -2.45 
2012 -14.72 4.49 -5.78 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 07/12 - 04/19
Date: 4/30/2019
Perf: $1,051.23 Date: 3/31/2019
Perf: $1,023.09 Date: 2/28/2019
Perf: $987.64 Date: 1/31/2019
Perf: $981.36 Date: 12/31/2018
Perf: $999.55 Date: 11/30/2018
Perf: $995.37 Date: 10/31/2018
Perf: $1,007.46 Date: 9/30/2018
Perf: $1,032.97 Date: 8/31/2018
Perf: $1,037.64 Date: 7/31/2018
Perf: $1,011.84 Date: 6/30/2018
Perf: $1,019.48 Date: 5/31/2018
Perf: $1,010.99 Date: 4/30/2018
Perf: $1,024.20 Date: 3/31/2018
Perf: $1,013.26 Date: 2/28/2018
Perf: $1,014.17 Date: 1/31/2018
Perf: $1,080.06 Date: 12/31/2017
Perf: $1,044.34 Date: 11/30/2017
Perf: $1,033.08 Date: 10/31/2017
Perf: $1,031.74 Date: 9/30/2017
Perf: $990.25 Date: 8/31/2017
Perf: $1,011.59 Date: 7/31/2017
Perf: $995.07 Date: 6/30/2017
Perf: $991.21 Date: 5/31/2017
Perf: $1,021.02 Date: 4/30/2017
Perf: $1,019.09 Date: 3/31/2017
Perf: $1,025.24 Date: 2/28/2017
Perf: $1,040.43 Date: 1/31/2017
Perf: $1,018.23 Date: 12/31/2016
Perf: $1,031.54 Date: 11/30/2016
Perf: $1,023.76 Date: 10/31/2016
Perf: $1,035.14 Date: 9/30/2016
Perf: $1,062.56 Date: 8/31/2016
Perf: $1,076.44 Date: 7/31/2016
Perf: $1,106.20 Date: 6/30/2016
Perf: $1,095.03 Date: 5/31/2016
Perf: $1,050.39 Date: 4/30/2016
Perf: $1,069.10 Date: 3/31/2016
Perf: $1,096.62 Date: 2/29/2016
Perf: $1,129.03 Date: 1/31/2016
Perf: $1,101.92 Date: 12/31/2015
Perf: $1,064.86 Date: 11/30/2015
Perf: $1,089.93 Date: 10/31/2015
Perf: $1,053.99 Date: 9/30/2015
Perf: $1,072.65 Date: 8/31/2015
Perf: $1,049.87 Date: 7/31/2015
Perf: $1,068.35 Date: 6/30/2015
Perf: $1,028.15 Date: 5/31/2015
Perf: $1,084.55 Date: 4/30/2015
Perf: $1,092.41 Date: 3/31/2015
Perf: $1,136.27 Date: 2/28/2015
Perf: $1,111.71 Date: 1/31/2015
Perf: $1,113.49 Date: 12/31/2014
Perf: $1,063.91 Date: 11/30/2014
Perf: $1,045.51 Date: 10/31/2014
Perf: $986.79 Date: 9/30/2014
Perf: $972.50 Date: 8/31/2014
Perf: $958.22 Date: 7/31/2014
Perf: $919.33 Date: 6/30/2014
Perf: $926.75 Date: 5/31/2014
Perf: $918.85 Date: 4/30/2014
Perf: $895.91 Date: 3/31/2014
Perf: $889.15 Date: 2/28/2014
Perf: $902.51 Date: 1/31/2014
Perf: $895.17 Date: 12/31/2013
Perf: $919.16 Date: 11/30/2013
Perf: $920.45 Date: 10/31/2013
Perf: $904.08 Date: 9/30/2013
Perf: $883.84 Date: 8/31/2013
Perf: $889.18 Date: 7/31/2013
Perf: $906.59 Date: 6/30/2013
Perf: $914.54 Date: 5/31/2013
Perf: $950.57 Date: 4/30/2013
Perf: $993.28 Date: 3/31/2013
Perf: $968.30 Date: 2/28/2013
Perf: $954.55 Date: 1/31/2013
Perf: $960.12 Date: 12/31/2012
Perf: $942.22 Date: 11/30/2012
Perf: $937.62 Date: 10/31/2012
Perf: $935.01 Date: 9/30/2012
Perf: $970.12 Date: 8/31/2012
Perf: $986.40 Date: 7/31/2012
Perf: $1,000.00 Date: 4/30/2019
Perf: $2,460.48 Date: 3/31/2019
Perf: $2,364.71 Date: 2/28/2019
Perf: $2,319.71 Date: 1/31/2019
Perf: $2,247.56 Date: 12/31/2018
Perf: $2,080.88 Date: 11/30/2018
Perf: $2,287.44 Date: 10/31/2018
Perf: $2,241.71 Date: 9/30/2018
Perf: $2,406.30 Date: 8/31/2018
Perf: $2,392.66 Date: 7/31/2018
Perf: $2,317.12 Date: 6/30/2018
Perf: $2,234.02 Date: 5/31/2018
Perf: $2,220.25 Date: 4/30/2018
Perf: $2,168.00 Date: 3/31/2018
Perf: $2,159.80 Date: 2/28/2018
Perf: $2,216.09 Date: 1/31/2018
Perf: $2,300.99 Date: 12/31/2017
Perf: $2,176.29 Date: 11/30/2017
Perf: $2,152.40 Date: 10/31/2017
Perf: $2,088.29 Date: 9/30/2017
Perf: $2,040.74 Date: 8/31/2017
Perf: $1,999.55 Date: 7/31/2017
Perf: $1,993.37 Date: 6/30/2017
Perf: $1,953.13 Date: 5/31/2017
Perf: $1,941.10 Date: 4/30/2017
Perf: $1,914.11 Date: 3/31/2017
Perf: $1,894.60 Date: 2/28/2017
Perf: $1,892.33 Date: 1/31/2017
Perf: $1,820.07 Date: 12/31/2016
Perf: $1,786.13 Date: 11/30/2016
Perf: $1,751.45 Date: 10/31/2016
Perf: $1,688.96 Date: 9/30/2016
Perf: $1,720.27 Date: 8/31/2016
Perf: $1,719.93 Date: 7/31/2016
Perf: $1,717.52 Date: 6/30/2016
Perf: $1,656.40 Date: 5/31/2016
Perf: $1,652.11 Date: 4/30/2016
Perf: $1,622.89 Date: 3/31/2016
Perf: $1,616.59 Date: 2/29/2016
Perf: $1,513.94 Date: 1/31/2016
Perf: $1,515.91 Date: 12/31/2015
Perf: $1,595.03 Date: 11/30/2015
Perf: $1,620.63 Date: 10/31/2015
Perf: $1,615.79 Date: 9/30/2015
Perf: $1,490.03 Date: 8/31/2015
Perf: $1,527.76 Date: 7/31/2015
Perf: $1,625.80 Date: 6/30/2015
Perf: $1,592.36 Date: 5/31/2015
Perf: $1,623.86 Date: 4/30/2015
Perf: $1,603.18 Date: 3/31/2015
Perf: $1,587.94 Date: 2/28/2015
Perf: $1,613.43 Date: 1/31/2015
Perf: $1,525.70 Date: 12/31/2014
Perf: $1,572.89 Date: 11/30/2014
Perf: $1,576.83 Date: 10/31/2014
Perf: $1,535.53 Date: 9/30/2014
Perf: $1,498.95 Date: 8/31/2014
Perf: $1,520.23 Date: 7/31/2014
Perf: $1,461.76 Date: 6/30/2014
Perf: $1,482.22 Date: 5/31/2014
Perf: $1,452.16 Date: 4/30/2014
Perf: $1,418.82 Date: 3/31/2014
Perf: $1,408.39 Date: 2/28/2014
Perf: $1,396.66 Date: 1/31/2014
Perf: $1,335.62 Date: 12/31/2013
Perf: $1,383.49 Date: 11/30/2013
Perf: $1,349.35 Date: 10/31/2013
Perf: $1,309.42 Date: 9/30/2013
Perf: $1,251.83 Date: 8/31/2013
Perf: $1,213.72 Date: 7/31/2013
Perf: $1,249.97 Date: 6/30/2013
Perf: $1,189.43 Date: 5/31/2013
Perf: $1,205.58 Date: 4/30/2013
Perf: $1,178.02 Date: 3/31/2013
Perf: $1,155.71 Date: 2/28/2013
Perf: $1,113.94 Date: 1/31/2013
Perf: $1,098.99 Date: 12/31/2012
Perf: $1,044.87 Date: 11/30/2012
Perf: $1,035.45 Date: 10/31/2012
Perf: $1,029.48 Date: 9/30/2012
Perf: $1,048.88 Date: 8/31/2012
Perf: $1,022.50 Date: 7/31/2012
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,590.85 Date: 3/31/2019
Perf: $1,541.37 Date: 2/28/2019
Perf: $1,606.43 Date: 1/31/2019
Perf: $1,612.72 Date: 12/31/2018
Perf: $1,598.34 Date: 11/30/2018
Perf: $1,513.15 Date: 10/31/2018
Perf: $1,471.65 Date: 9/30/2018
Perf: $1,463.45 Date: 8/31/2018
Perf: $1,411.64 Date: 7/31/2018
Perf: $1,438.40 Date: 6/30/2018
Perf: $1,437.97 Date: 5/31/2018
Perf: $1,540.40 Date: 4/30/2018
Perf: $1,597.43 Date: 3/31/2018
Perf: $1,540.73 Date: 2/28/2018
Perf: $1,557.24 Date: 1/31/2018
Perf: $1,575.52 Date: 12/31/2017
Perf: $1,435.16 Date: 11/30/2017
Perf: $1,458.05 Date: 10/31/2017
Perf: $1,451.52 Date: 9/30/2017
Perf: $1,370.13 Date: 8/31/2017
Perf: $1,442.70 Date: 7/31/2017
Perf: $1,441.40 Date: 6/30/2017
Perf: $1,436.23 Date: 5/31/2017
Perf: $1,430.23 Date: 4/30/2017
Perf: $1,478.57 Date: 3/31/2017
Perf: $1,438.58 Date: 2/28/2017
Perf: $1,527.81 Date: 1/31/2017
Perf: $1,563.45 Date: 12/31/2016
Perf: $1,634.90 Date: 11/30/2016
Perf: $1,634.57 Date: 10/31/2016
Perf: $1,578.23 Date: 9/30/2016
Perf: $1,584.57 Date: 8/31/2016
Perf: $1,574.49 Date: 7/31/2016
Perf: $1,642.66 Date: 6/30/2016
Perf: $1,576.30 Date: 5/31/2016
Perf: $1,505.25 Date: 4/30/2016
Perf: $1,643.29 Date: 3/31/2016
Perf: $1,633.32 Date: 2/29/2016
Perf: $1,666.83 Date: 1/31/2016
Perf: $1,606.73 Date: 12/31/2015
Perf: $1,561.45 Date: 11/30/2015
Perf: $1,607.26 Date: 10/31/2015
Perf: $1,474.82 Date: 9/30/2015
Perf: $1,527.99 Date: 8/31/2015
Perf: $1,499.65 Date: 7/31/2015
Perf: $1,493.68 Date: 6/30/2015
Perf: $1,399.75 Date: 5/31/2015
Perf: $1,423.24 Date: 4/30/2015
Perf: $1,409.14 Date: 3/31/2015
Perf: $1,485.03 Date: 2/28/2015
Perf: $1,449.80 Date: 1/31/2015
Perf: $1,420.54 Date: 12/31/2014
Perf: $1,411.22 Date: 11/30/2014
Perf: $1,359.30 Date: 10/31/2014
Perf: $1,265.76 Date: 9/30/2014
Perf: $1,243.99 Date: 8/31/2014
Perf: $1,006.95 Date: 7/31/2014
Perf: $1,071.68 Date: 6/30/2014
Perf: $1,079.56 Date: 5/31/2014
Perf: $1,071.42 Date: 4/30/2014
Perf: $1,030.31 Date: 3/31/2014
Perf: $1,051.12 Date: 2/28/2014
Perf: $986.88 Date: 1/31/2014
Perf: $977.11 Date: 12/31/2013
Perf: $1,057.02 Date: 11/30/2013
Perf: $1,033.96 Date: 10/31/2013
Perf: $967.04 Date: 9/30/2013
Perf: $1,023.97 Date: 8/31/2013
Perf: $1,079.00 Date: 7/31/2013
Perf: $1,100.01 Date: 6/30/2013
Perf: $1,119.60 Date: 5/31/2013
Perf: $1,113.37 Date: 4/30/2013
Perf: $1,043.75 Date: 3/31/2013
Perf: $962.52 Date: 2/28/2013
Perf: $924.96 Date: 1/31/2013
Perf: $890.93 Date: 12/31/2012
Perf: $852.81 Date: 11/30/2012
Perf: $875.39 Date: 10/31/2012
Perf: $927.32 Date: 9/30/2012
Perf: $990.41 Date: 8/31/2012
Perf: $991.90 Date: 7/31/2012
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 07/12 - 04/19
Date: 4/30/2019
Return: 3.21 % Date: 3/31/2019
Return: -4.05 % Date: 2/28/2019
Return: -0.39 % Date: 1/31/2019
Return: 0.90 % Date: 12/31/2018
Return: 5.63 % Date: 11/30/2018
Return: 2.82 % Date: 10/31/2018
Return: 0.56 % Date: 9/30/2018
Return: 3.67 % Date: 8/31/2018
Return: -1.86 % Date: 7/31/2018
Return: 0.03 % Date: 6/30/2018
Return: -6.65 % Date: 5/31/2018
Return: -3.57 % Date: 4/30/2018
Return: 3.68 % Date: 3/31/2018
Return: -1.06 % Date: 2/28/2018
Return: -1.16 % Date: 1/31/2018
Return: 9.78 % Date: 12/31/2017
Return: -1.57 % Date: 11/30/2017
Return: 0.45 % Date: 10/31/2017
Return: 5.94 % Date: 9/30/2017
Return: -5.03 % Date: 8/31/2017
Return: 0.09 % Date: 7/31/2017
Return: 0.36 % Date: 6/30/2017
Return: 0.42 % Date: 5/31/2017
Return: -3.27 % Date: 4/30/2017
Return: 2.78 % Date: 3/31/2017
Return: -5.84 % Date: 2/28/2017
Return: -2.28 % Date: 1/31/2017
Return: -4.37 % Date: 12/31/2016
Return: 0.02 % Date: 11/30/2016
Return: 3.57 % Date: 10/31/2016
Return: -0.40 % Date: 9/30/2016
Return: 0.64 % Date: 8/31/2016
Return: -4.15 % Date: 7/31/2016
Return: 4.21 % Date: 6/30/2016
Return: 4.72 % Date: 5/31/2016
Return: -8.40 % Date: 4/30/2016
Return: 0.61 % Date: 3/31/2016
Return: -2.01 % Date: 2/29/2016
Return: 3.74 % Date: 1/31/2016
Return: 2.90 % Date: 12/31/2015
Return: -2.85 % Date: 11/30/2015
Return: 8.98 % Date: 10/31/2015
Return: -3.48 % Date: 9/30/2015
Return: 1.89 % Date: 8/31/2015
Return: 0.40 % Date: 7/31/2015
Return: 6.71 % Date: 6/30/2015
Return: -1.65 % Date: 5/31/2015
Return: 1.00 % Date: 4/30/2015
Return: -5.11 % Date: 3/31/2015
Return: 2.43 % Date: 2/28/2015
Return: 2.06 % Date: 1/31/2015
Return: 0.66 % Date: 12/31/2014
Return: 3.82 % Date: 11/30/2014
Return: 7.39 % Date: 10/31/2014
Return: 1.75 % Date: 9/30/2014
Return: 23.54 % Date: 8/31/2014
Return: -6.04 % Date: 7/31/2014
Return: -0.73 % Date: 6/30/2014
Return: 0.76 % Date: 5/31/2014
Return: 3.99 % Date: 4/30/2014
Return: -1.98 % Date: 3/31/2014
Return: 6.51 % Date: 2/28/2014
Return: 1.00 % Date: 1/31/2014
Return: -7.56 % Date: 12/31/2013
Return: 2.23 % Date: 11/30/2013
Return: 6.92 % Date: 10/31/2013
Return: -5.56 % Date: 9/30/2013
Return: -5.10 % Date: 8/31/2013
Return: -1.91 % Date: 7/31/2013
Return: -1.75 % Date: 6/30/2013
Return: 0.56 % Date: 5/31/2013
Return: 6.67 % Date: 4/30/2013
Return: 8.44 % Date: 3/31/2013
Return: 4.06 % Date: 2/28/2013
Return: 3.82 % Date: 1/31/2013
Return: 4.47 % Date: 12/31/2012
Return: -2.58 % Date: 11/30/2012
Return: -5.60 % Date: 10/31/2012
Return: -6.37 % Date: 9/30/2012
Return: -0.15 % Date: 8/31/2012
Return: -0.81 % Date: 7/31/2012
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 07/12 - 04/19
Return: -7.00 %
Count: 1 Return: 10.00 %
Count: 1 Return: 6.00 %
Count: 2 Return: -4.00 %
Count: 4 Return: 5.00 %
Count: 1 Return: 3.00 %
Count: 4 Return: 9.00 %
Count: 1 Return: 24.00 %
Count: 1 Return: -8.00 %
Count: 2 Return: 2.00 %
Count: 5 Return: -5.00 %
Count: 3 Return: -2.00 %
Count: 8 Return: 1.00 %
Count: 9 Return: 7.00 %
Count: 5 Return: 8.00 %
Count: 1 Return: 4.00 %
Count: 10 Return: -3.00 %
Count: 4 Return: -6.00 %
Count: 5 Return: -1.00 %
Count: 4 Return: 0.00 %
Count: 11
Note: All performance data is since program inception.

Underwater Curve

Date Range: 07/12 - 04/19
Date: 4/30/2019
Drawdown: -4.56 % Date: 3/31/2019
Drawdown: -7.53 % Date: 2/28/2019
Drawdown: -3.62 % Date: 1/31/2019
Drawdown: -3.25 % Date: 12/31/2018
Drawdown: -4.11 % Date: 11/30/2018
Drawdown: -9.22 % Date: 10/31/2018
Drawdown: -11.71 % Date: 9/30/2018
Drawdown: -12.20 % Date: 8/31/2018
Drawdown: -15.31 % Date: 7/31/2018
Drawdown: -13.70 % Date: 6/30/2018
Drawdown: -13.73 % Date: 5/31/2018
Drawdown: -7.58 % Date: 4/30/2018
Drawdown: -4.16 % Date: 3/31/2018
Drawdown: -7.56 % Date: 2/28/2018
Drawdown: -6.57 % Date: 1/31/2018
Drawdown: -5.48 % Date: 12/31/2017
Drawdown: -13.90 % Date: 11/30/2017
Drawdown: -12.53 % Date: 10/31/2017
Drawdown: -12.92 % Date: 9/30/2017
Drawdown: -17.80 % Date: 8/31/2017
Drawdown: -13.45 % Date: 7/31/2017
Drawdown: -13.52 % Date: 6/30/2017
Drawdown: -13.83 % Date: 5/31/2017
Drawdown: -14.19 % Date: 4/30/2017
Drawdown: -11.29 % Date: 3/31/2017
Drawdown: -13.69 % Date: 2/28/2017
Drawdown: -8.34 % Date: 1/31/2017
Drawdown: -6.20 % Date: 12/31/2016
Drawdown: -1.92 % Date: 11/30/2016
Drawdown: -1.94 % Date: 10/31/2016
Drawdown: -5.32 % Date: 9/30/2016
Drawdown: -4.94 % Date: 8/31/2016
Drawdown: -5.54 % Date: 7/31/2016
Drawdown: -1.45 % Date: 6/30/2016
Drawdown: -5.43 % Date: 5/31/2016
Drawdown: -9.69 % Date: 4/30/2016
Drawdown: -1.41 % Date: 3/31/2016
Drawdown: -2.01 % Date: 2/29/2016
Drawdown: 0.00 % Date: 1/31/2016
Drawdown: -0.03 % Date: 12/31/2015
Drawdown: -2.85 % Date: 11/30/2015
Drawdown: 0.00 % Date: 10/31/2015
Drawdown: -3.48 % Date: 9/30/2015
Drawdown: 0.00 % Date: 8/31/2015
Drawdown: 0.00 % Date: 7/31/2015
Drawdown: 0.00 % Date: 6/30/2015
Drawdown: -5.74 % Date: 5/31/2015
Drawdown: -4.16 % Date: 4/30/2015
Drawdown: -5.11 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: 0.00 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: -10.06 % Date: 7/31/2014
Drawdown: -4.28 % Date: 6/30/2014
Drawdown: -3.58 % Date: 5/31/2014
Drawdown: -4.30 % Date: 4/30/2014
Drawdown: -7.98 % Date: 3/31/2014
Drawdown: -6.12 % Date: 2/28/2014
Drawdown: -11.85 % Date: 1/31/2014
Drawdown: -12.73 % Date: 12/31/2013
Drawdown: -5.59 % Date: 11/30/2013
Drawdown: -7.65 % Date: 10/31/2013
Drawdown: -13.63 % Date: 9/30/2013
Drawdown: -8.54 % Date: 8/31/2013
Drawdown: -3.63 % Date: 7/31/2013
Drawdown: -1.75 % 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: -3.75 % Date: 2/28/2013
Drawdown: -7.50 % Date: 1/31/2013
Drawdown: -10.91 % Date: 12/31/2012
Drawdown: -14.72 % Date: 11/30/2012
Drawdown: -12.46 % Date: 10/31/2012
Drawdown: -7.27 % Date: 9/30/2012
Drawdown: -0.96 % Date: 8/31/2012
Drawdown: -0.81 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Sandpiper Asset Managment
Address: 60 Ocean Blvd, Suite 12
City: Atlantic Beach
State: FL
Zip: 32233
Country: United States

Key People

Name:  David Hathaway
Position:  Principal
Biography: 

With over 14 years of experience building and trading algorithmic systems, Mr. Hathaway built and founded Systematic Interest Rate Trading at Wells Fargo from 2007 to 2012. Concurrently, he was Director of Institutional Interest Rate Sales, where he managed a team transacting with the world’s largest hedge funds and asset managers implementing strategies employing cash, futures and over-the-counter derivatives. He graduated from University of Virginia’s McIntire School of Commerce with a Bachelor of Science degree and concentration in Finance.


Name:  Jon Farrin
Position:  Principal
Biography: 

Mr. Farrin was Managing Director, Head of Liquid Rates Trading, at Wells Fargo for over 12 years. Additionally, Mr. Farrin served as a Global Macro portfolio Manager at SAC Capital Advisors, managing approximately $65 million in risk capital. He later directed the Institutional upgrade of TD Securities’Interest Rate business, which encompassed cash, futures and derivative trading. Mr. Farrin holds a B.A. in Economics from Vanderbilt University.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Currencies Yes 
 Metals Yes 
 Energies Yes 
 Softs Yes 
 Grains Yes 
 Meats Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Technical Yes 
 Systematic Yes 
 Counter-trend Yes 
 Mean-reversion Yes 
 Pattern Recognition Yes 
 Quantitative Analysis Yes 
 Volatility Trading Yes 
 Options Writing Yes 
 Instruments Traded
 Futures Yes 
 Listed Options Yes 
 Geographical Focus
 Global Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Short Term Yes 
 Intra-Week Yes 
 Intra-Day Yes 
 Investment Terms & Information
 Managed Account Minimum: $1,000,000 
 Margin / Equity Ratio: 10% 
 Managed Account Availability: Open