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Meridian Fact Sheet
Meridian
Executive Summary
Meridian
Investment Summary
Meridian
Competitive CTA Comparisons
Partner
Biographies
Efficient Frontier Analysis
AIMA
Illustrative Questionnaire for Due Diligence
Validity of Meridian's Hypothetical Results
Monthly
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Agreement, Subscription Agreement - Please Call
KEY PRODUCT
ATTRIBUTES
|
Instruments: |
100%
commodities and financial futures |
|
Model: |
Quantitative
long-short |
|
Key
Benefit: |
Shown to
significantly increase return per unit
of volatility for varying portfolio
types (see
Efficient Frontier Analysis) |
|
Domicile: |
U.S.
domiciled – fully regulated and
transparent |
|
Correlation:* |
Non-correlative returns: S&P -.04 | LBA
-.14 | GSCI .02
(5yr. monthlies) |
|
Trade
Frequency: |
Average 43.5
new trades per year (less than 2 per
year per market) |
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Fund
Liquidity: |
Monthly
redemptions with 15 days notice |
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Asset
Liquidity: |
Very liquid:
exchange traded instruments only, no
exotics, no
synthetics, no OTC |
|
Risk
Management: |
Fully
integrated three-tiered risk-management
module
- 1% risk capital allocated per trade
- Volatility based de-leveraging with weekly portfolio
rebalancing
- Active portfolio stop-gap protocol |
|
Average
ROR:* |
10 yr:
22.91% | 5 yr:
24.68%
(monthly
rolling averages) |
|
Best
Year:* |
66.73%
(2008) |
|
Worst
Year:* |
+7.40% (2002)
(positive return) |
|
5 yr.
Monthly Sharpe:* |
0.86 (S&P
-0.41 | Barclay CTA Index 0.04)
(as
of 12/31/09, 5% risk-free rate) |
|
5 yr.
Sortino* |
1.79 (S&P
-0.74 | Barclay CTA Index
-1.22) (as
of 12/31/09, 5% risk-free rate) |
|
Current
Performance:* |
YTD 13.41%
| Nov '09 10.66% | Dec '09
-8.02%
(as of 12/31/09) |
*All reported
performance as of Aug 1, 2009 consists of
real-time audited results.
Performance prior to
Aug 1, 2009 consists of
validated
hypotheticals
with 22 months of real-time forward
testing.
(888) 499-9222
CFTC
HYPOTHETICAL PERFORMANCE DISCLOSURE:
HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT
LIMITATIONS, SOME OF WHICH ARE DESCRIBED
BELOW. NO REPRESENTATION IS BEING MADE THAT
ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE
PROFITS OR LOSSES SIMILAR TO THOSE SHOWN
HEREIN. IN FACT, THERE ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE
LIMITATIONS OF HYPOTHETICAL PERFORMANCE
RESULTS IS THAT THEY ARE GENERALLY PREPARED
WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,
HYPOTHETICAL TRADING DOES NOT INVOLVE
FINANCIAL RISK, AND NO HYPOTHETICAL TRADING
RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT
OF FINANCIAL RISK IN ACTUAL TRADING. FOR
EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR
TO ADHERE TO A PARTICULAR TRADING PROGRAM IN
SPITE OF TRADING LOSSES ARE MATERIAL POINTS
WHICH CAN ALSO ADVERSELY AFFECT ACTUAL
TRADING RESULTS. THERE ARE NUMEROUS OTHER
FACTORS RELATED TO THE MARKETS IN GENERAL OR
TO THE IMPLEMENTATION OF ANY SPECIFIC
TRADING PROGRAM WHICH CANNOT BE FULLY
ACCOUNTED FOR IN THE PREPARATION OF
HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF
WHICH CAN ADVERSELY AFFECT ACTUAL TRADING
RESULTS.
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