County Cork LLC

Macro Equity Hedge Program *QEP*


Monthly Performance (%)

Date Range: 01/16 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 2.57 -0.21 1.45 2.26   6.19 
2018 1.40 -2.82 -0.09 -1.70 0.74 -0.84 -0.07 1.37 -0.87 -1.25 1.09 -0.06  -3.15 
2017 0.48 2.38 -0.84 0.10 0.94 -0.93 1.91 1.27 -1.19 -0.33 0.48 0.65  4.96 
2016 1.14 1.36 0.39 0.57 2.00 3.24 -0.96 -0.17 -1.78 -2.79 0.39  3.29 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

The Macro Equity Hedge strategy is a systematic program designed to produce stock market like returns over time with much lower volatility through a combination of protection and performance. The strategy is made up of a long/short currency breakout system. The strategy is governed byy a proprietary systematic model that dynamically adjusts portfolio positions and weights.

Performance Statistics

Date Range: 01/16 - 04/19
  Program S&P 500 Altegris 40 
Total Return 11.50% 54.26% -1.28% 
Annualized Return 3.41% 13.89% -0.39% 
Annualized Std. Deviation 4.84% 11.16% 7.89% 
Correlation 0.47 0.51 
Sharpe Ratio (rf=2.5%) 0.19 1.02 -0.37 
Worst Month -2.82% -9.03% -6.10% 
Date of Worst Month 02/2018 12/2018 02/2018 
Worst Drawdown -5.60% -13.52% -13.08% 
Date of Worst Drawdown 7/16 - 11/16 9/18 - 12/18 2/16 - 1/19 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 01/16 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 6.19 18.24 5.17 
2018 -3.15 -4.38 -4.29 
2017 4.96 21.84 1.24 
2016 3.29 17.83 -6.39 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 01/16 - 04/19
Date: 4/30/2019
Perf: $954.00 Date: 3/31/2019
Perf: $928.46 Date: 2/28/2019
Perf: $896.29 Date: 1/31/2019
Perf: $890.59 Date: 12/31/2018
Perf: $907.10 Date: 11/30/2018
Perf: $903.30 Date: 10/31/2018
Perf: $914.27 Date: 9/30/2018
Perf: $937.43 Date: 8/31/2018
Perf: $941.67 Date: 7/31/2018
Perf: $918.25 Date: 6/30/2018
Perf: $925.19 Date: 5/31/2018
Perf: $917.48 Date: 4/30/2018
Perf: $929.47 Date: 3/31/2018
Perf: $919.54 Date: 2/28/2018
Perf: $920.37 Date: 1/31/2018
Perf: $980.16 Date: 12/31/2017
Perf: $947.75 Date: 11/30/2017
Perf: $937.53 Date: 10/31/2017
Perf: $936.31 Date: 9/30/2017
Perf: $898.66 Date: 8/31/2017
Perf: $918.03 Date: 7/31/2017
Perf: $903.04 Date: 6/30/2017
Perf: $899.53 Date: 5/31/2017
Perf: $926.59 Date: 4/30/2017
Perf: $924.83 Date: 3/31/2017
Perf: $930.41 Date: 2/28/2017
Perf: $944.20 Date: 1/31/2017
Perf: $924.05 Date: 12/31/2016
Perf: $936.13 Date: 11/30/2016
Perf: $929.07 Date: 10/31/2016
Perf: $939.40 Date: 9/30/2016
Perf: $964.28 Date: 8/31/2016
Perf: $976.88 Date: 7/31/2016
Perf: $1,003.88 Date: 6/30/2016
Perf: $993.75 Date: 5/31/2016
Perf: $953.24 Date: 4/30/2016
Perf: $970.21 Date: 3/31/2016
Perf: $995.19 Date: 2/29/2016
Perf: $1,024.60 Date: 1/31/2016
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,623.10 Date: 3/31/2019
Perf: $1,559.92 Date: 2/28/2019
Perf: $1,530.24 Date: 1/31/2019
Perf: $1,482.65 Date: 12/31/2018
Perf: $1,372.69 Date: 11/30/2018
Perf: $1,508.95 Date: 10/31/2018
Perf: $1,478.78 Date: 9/30/2018
Perf: $1,587.36 Date: 8/31/2018
Perf: $1,578.36 Date: 7/31/2018
Perf: $1,528.53 Date: 6/30/2018
Perf: $1,473.71 Date: 5/31/2018
Perf: $1,464.63 Date: 4/30/2018
Perf: $1,430.16 Date: 3/31/2018
Perf: $1,424.75 Date: 2/28/2018
Perf: $1,461.88 Date: 1/31/2018
Perf: $1,517.89 Date: 12/31/2017
Perf: $1,435.63 Date: 11/30/2017
Perf: $1,419.87 Date: 10/31/2017
Perf: $1,377.58 Date: 9/30/2017
Perf: $1,346.21 Date: 8/31/2017
Perf: $1,319.04 Date: 7/31/2017
Perf: $1,314.96 Date: 6/30/2017
Perf: $1,288.42 Date: 5/31/2017
Perf: $1,280.48 Date: 4/30/2017
Perf: $1,262.68 Date: 3/31/2017
Perf: $1,249.80 Date: 2/28/2017
Perf: $1,248.31 Date: 1/31/2017
Perf: $1,200.64 Date: 12/31/2016
Perf: $1,178.25 Date: 11/30/2016
Perf: $1,155.38 Date: 10/31/2016
Perf: $1,114.15 Date: 9/30/2016
Perf: $1,134.81 Date: 8/31/2016
Perf: $1,134.58 Date: 7/31/2016
Perf: $1,132.99 Date: 6/30/2016
Perf: $1,092.67 Date: 5/31/2016
Perf: $1,089.84 Date: 4/30/2016
Perf: $1,070.57 Date: 3/31/2016
Perf: $1,066.41 Date: 2/29/2016
Perf: $998.70 Date: 1/31/2016
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,115.00 Date: 3/31/2019
Perf: $1,090.35 Date: 2/28/2019
Perf: $1,074.77 Date: 1/31/2019
Perf: $1,077.03 Date: 12/31/2018
Perf: $1,050.04 Date: 11/30/2018
Perf: $1,050.67 Date: 10/31/2018
Perf: $1,039.35 Date: 9/30/2018
Perf: $1,052.50 Date: 8/31/2018
Perf: $1,061.74 Date: 7/31/2018
Perf: $1,047.39 Date: 6/30/2018
Perf: $1,048.12 Date: 5/31/2018
Perf: $1,057.00 Date: 4/30/2018
Perf: $1,049.24 Date: 3/31/2018
Perf: $1,067.38 Date: 2/28/2018
Perf: $1,068.35 Date: 1/31/2018
Perf: $1,099.35 Date: 12/31/2017
Perf: $1,084.17 Date: 11/30/2017
Perf: $1,077.17 Date: 10/31/2017
Perf: $1,072.02 Date: 9/30/2017
Perf: $1,075.57 Date: 8/31/2017
Perf: $1,088.52 Date: 7/31/2017
Perf: $1,074.87 Date: 6/30/2017
Perf: $1,054.73 Date: 5/31/2017
Perf: $1,064.63 Date: 4/30/2017
Perf: $1,054.71 Date: 3/31/2017
Perf: $1,053.66 Date: 2/28/2017
Perf: $1,062.59 Date: 1/31/2017
Perf: $1,037.89 Date: 12/31/2016
Perf: $1,032.93 Date: 11/30/2016
Perf: $1,028.91 Date: 10/31/2016
Perf: $1,058.44 Date: 9/30/2016
Perf: $1,077.63 Date: 8/31/2016
Perf: $1,079.46 Date: 7/31/2016
Perf: $1,089.93 Date: 6/30/2016
Perf: $1,055.72 Date: 5/31/2016
Perf: $1,035.02 Date: 4/30/2016
Perf: $1,029.15 Date: 3/31/2016
Perf: $1,025.16 Date: 2/29/2016
Perf: $1,011.40 Date: 1/31/2016
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 01/16 - 04/19
Date: 4/30/2019
Return: 2.26 % Date: 3/31/2019
Return: 1.45 % Date: 2/28/2019
Return: -0.21 % Date: 1/31/2019
Return: 2.57 % Date: 12/31/2018
Return: -0.06 % Date: 11/30/2018
Return: 1.09 % Date: 10/31/2018
Return: -1.25 % Date: 9/30/2018
Return: -0.87 % Date: 8/31/2018
Return: 1.37 % Date: 7/31/2018
Return: -0.07 % Date: 6/30/2018
Return: -0.84 % Date: 5/31/2018
Return: 0.74 % Date: 4/30/2018
Return: -1.70 % Date: 3/31/2018
Return: -0.09 % Date: 2/28/2018
Return: -2.82 % Date: 1/31/2018
Return: 1.40 % Date: 12/31/2017
Return: 0.65 % Date: 11/30/2017
Return: 0.48 % Date: 10/31/2017
Return: -0.33 % Date: 9/30/2017
Return: -1.19 % Date: 8/31/2017
Return: 1.27 % Date: 7/31/2017
Return: 1.91 % Date: 6/30/2017
Return: -0.93 % Date: 5/31/2017
Return: 0.94 % Date: 4/30/2017
Return: 0.10 % Date: 3/31/2017
Return: -0.84 % Date: 2/28/2017
Return: 2.38 % Date: 1/31/2017
Return: 0.48 % Date: 12/31/2016
Return: 0.39 % Date: 11/30/2016
Return: -2.79 % Date: 10/31/2016
Return: -1.78 % Date: 9/30/2016
Return: -0.17 % Date: 8/31/2016
Return: -0.96 % Date: 7/31/2016
Return: 3.24 % Date: 6/30/2016
Return: 2.00 % Date: 5/31/2016
Return: 0.57 % Date: 4/30/2016
Return: 0.39 % Date: 3/31/2016
Return: 1.36 % Date: 2/29/2016
Return: 1.14 % Date: 1/31/2016
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 01/16 - 04/19
Return: -3.00 %
Count: 2 Return: -2.00 %
Count: 2 Return: -1.00 %
Count: 7 Return: 3.00 %
Count: 2 Return: 2.00 %
Count: 4 Return: 1.00 %
Count: 11 Return: 0.00 %
Count: 12
Note: All performance data is since program inception.

Underwater Curve

Date Range: 01/16 - 04/19
Date: 4/30/2019
Drawdown: 0.00 % Date: 3/31/2019
Drawdown: -0.82 % Date: 2/28/2019
Drawdown: -2.24 % Date: 1/31/2019
Drawdown: -2.03 % Date: 12/31/2018
Drawdown: -4.48 % Date: 11/30/2018
Drawdown: -4.43 % Date: 10/31/2018
Drawdown: -5.46 % Date: 9/30/2018
Drawdown: -4.26 % Date: 8/31/2018
Drawdown: -3.42 % Date: 7/31/2018
Drawdown: -4.73 % Date: 6/30/2018
Drawdown: -4.66 % Date: 5/31/2018
Drawdown: -3.85 % Date: 4/30/2018
Drawdown: -4.56 % Date: 3/31/2018
Drawdown: -2.91 % Date: 2/28/2018
Drawdown: -2.82 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -0.53 % Date: 11/30/2017
Drawdown: -1.17 % Date: 10/31/2017
Drawdown: -1.64 % Date: 9/30/2017
Drawdown: -1.32 % Date: 8/31/2017
Drawdown: -0.13 % Date: 7/31/2017
Drawdown: -1.38 % Date: 6/30/2017
Drawdown: -3.23 % Date: 5/31/2017
Drawdown: -2.32 % Date: 4/30/2017
Drawdown: -3.23 % Date: 3/31/2017
Drawdown: -3.33 % Date: 2/28/2017
Drawdown: -2.51 % Date: 1/31/2017
Drawdown: -4.77 % Date: 12/31/2016
Drawdown: -5.23 % Date: 11/30/2016
Drawdown: -5.60 % Date: 10/31/2016
Drawdown: -2.89 % Date: 9/30/2016
Drawdown: -1.13 % Date: 8/31/2016
Drawdown: -0.96 % Date: 7/31/2016
Drawdown: 0.00 % Date: 6/30/2016
Drawdown: 0.00 % Date: 5/31/2016
Drawdown: 0.00 % Date: 4/30/2016
Drawdown: 0.00 % Date: 3/31/2016
Drawdown: 0.00 % Date: 2/29/2016
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  County Cork LLC
Address: 5215 Old Orchard Rd, Suite 630
City: Skokie
State: IL
Zip: 60077
Country: United States

Key People

Name:  Robert J. O'Brien Jr.
Position:  Principal
Biography: 

Robert J. O’Brien, Jr.is County Cork LLC’s Chairman and CEO and the Manager of County Cork Asset Management LLC (“CCAM”), an affiliate of County Cork LLC. Mr. O’Brien has been registered as an Associated Person with County Cork LLC since May8, 2002. Mr. O’Brien is one of County Cork LLC’s trading principals and is primarily responsible for review and acceptance of trading-related decisions, including money management, portfolio selection, and halt trading decisions.


Name:  Thomas Senft
Position:  Principal
Biography: 

Thomas W. Senft is the Chief Operating Officer of County Cork LLC since August, 2011. Mr. Senft is responsible for the CTA’s operations and risk management.


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Currencies Yes 
 Investment Methodology
 Systematic Yes 
 Sector Specialist Yes 
 Other Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Investment Terms & Information
 Managed Account Minimum: $1,000,000 
 Margin / Equity Ratio:  
 Managed Account Availability: Open