Investment Overview

Strategy Description

Bensboro Advisors, LLC is a CTA offering the Bensboro Seasonal Spread Trading Program. Objective: To produce low-correlation returns using a seasonal approach to futures spread trading. Philosophy: We believe futures generally provide low correlation compared to other asset classes. Spreads generally provide even lower correlation to other asset classes, even when compared to most managed futures strategies, which typically are trend-following. Seasonality can significantly shape sentiment and short-term flows, thus influencing the market over the short-term. Diversification across many categories and instruments generally results in risk mitigation.
Investment Highlights

Investment Category

Managed Futures

Investment Strategy

Commodity Spread Trading

Investment Structure

Managed Account

Objective

Our Performance Goal
Uncorrelated Returns

Investment Opportunity

What We Believe
Futures generally provide low correlation to other asset classes. Spreads generally provide even lower correlation to compared to other asset classes.

Return Driver - Alpha

Our Edge
Finding Mispricings, Valuation Expertise, Repeatable Process
Implementation of Strategy
Tactical Approach

Market Sector Exposure

Energy, Currencies, Commodities, Precious Metals, Agricultural Markets, Interest Rates

Instruments Traded

Futures

Geographical Exposure

United States

Average Margin to Equity (%)

12%

Average Round Turns per Million

1,625

Risk Management

Diversification, Position Limits, Active management
Investment Structure

Legal Structure

Managed Accounts

Domicile

United States

Managed Account Minimum

$500K

Management Fee (%)

Incentive Fee (%)

Service Providers