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ERICAP September 2014 Report

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Information about ERICAP September 2014 Report
Business

Published on October 15, 2014

Author: sunilrebel

Source: slideshare.net

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ERICAP September 2014 Report
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1. ERIC MONTHLY PERFORMANCE REPORT SEPT 2014 CONFIDENTIAL DOCUMENT 1

2. ERIC–DIVERSIFIED PROGRAM ERIC’s Diversified Trend-Following Program is systematic and technical. The Program utilizes a mathematical algorithm to analyze technical data in order to generate trading signals. These signals are applied to a diversified portfolio comprising of commodities, equity & currency in a predominantly quantitative or mechanical fashion. Our program does not necessarily expect profitability over the short-term but is, instead, geared to generate competitive returns over the long-run. Long periods of break even or equity declines are to be expected. A strict money management discipline is in place, the design of which is intended to maximize return while diminishing volatility. CONFIDENTIAL DOCUMENT 2

3. PERFORMANCE PRESENTATION –SEPT 2014 CONFIDENTIAL DOCUMENT 3 MonthInvested CapitalAccrued ReturnAccrued Interest IncomePre Tax Return On InvestmentCapital - End of MonthPre Tax Return (%) Annualised Return (%)* Jul-132,500,000 158,302 16,667 174,969 2,674,969 7.0%125% Aug-132,674,969 701,857 16,667 718,524 3,393,493 26.9%526% Sep-133,393,493 (316,260) 16,667 (299,594) 3,093,900 -8.8%135% Oct-133,093,900 (110,536) 16,667 (93,869) 3,000,030 -3.0%73% Nov-133,000,030 (233,364) 16,667 (216,697) 2,783,333 -7.2%29% Dec-132,783,333 (117,562) 16,667 (100,895) 2,682,438 -3.6%15% Jan-142,682,438 32,535 16,667 49,201 2,731,639 1.8%16% Feb-142,731,639 (10,331) 16,667 6,336 2,737,975 0.2%15% Mar-142,737,975 148,560 16,667 165,227 2,903,202 6.0%22% Apr-142,903,202 (57,993) 16,667 (41,327) 2,861,875 -1.4%18% May-142,861,875 534,706 16,667 551,373 3,413,248 19.3%40% Jun-143,413,248 105,905 16,667 122,572 3,535,820 3.6%41% Jul-143,535,820 (64,916) 16,667 (48,249) 3,487,571 -1.4%36% Aug-143,487,571 (11,498) 16,667 5,168 3,492,739 0.1%33% Sep-143,492,739 (6,420) 16,667 10,247 3,502,986 0.3%31% * Returns have been annualised based on TWROR. It is only an indicative figure for comparison purpose

4. DETAILED PERFORMANCE REPORT –SEPT 2014 Pre Tax Return till date 40.1%. Current month performance is +0.3% CONFIDENTIAL DOCUMENT 4 DateBeginning BalanceAdd/Sub CapitalGross Realised Profit / LossBrokerageNet, Realised ProfitChange in Unrealised ProfitInterest IncomeGross PerformanceBalance Before DistributionAccrued InterestAccrued Annual FeeGross ProfitAccrued Ennovate FeeNet PerformanceEnding BalanceReturn % VAMI8%2%30% 12345678910111213141516171-Jul-132,500,000 - 2,500,000 2,500,000 1,000 31-Jul-132,500,000 11,410 22,228 (10,818) 257,798 - 246,980 2,746,980 16,667 4,167 226,146 67,844 158,302 2,674,969 7.0%1,070 31-Aug-132,674,969 1,106,903 27,910 1,078,993 (55,214) - 1,023,778 3,698,747 16,667 4,458 1,002,653 300,796 701,857 3,393,493 26.9%1,357 30-Sep-133,393,493 (236,358) 14,229 (250,586) (43,352) - (293,938) 3,099,555 16,667 5,656 (316,260) - (316,260) 3,093,900 -8.8%1,238 31-Oct-133,093,900 49,961 29,592 20,369 (109,082) - (88,713) 3,005,187 16,667 5,156 (110,536) - (110,536) 3,000,030 -3.0%1,200 30-Nov-133,000,030 (492,079) 23,922 (516,001) 21,381 - (494,620) 2,505,410 16,667 5,000 (516,287) (282,923) (233,364) 2,783,333 -7.2%1,113 31-Dec-132,783,333 (76,536) 12,817 (89,353) (57,286) - (146,639) 2,636,694 16,667 4,639 (167,945) (50,383) (117,562) 2,682,438 -3.6%1,073 31-Jan-142,682,438 67,917 10,496 57,422 10,195 - 67,617 2,750,055 16,667 4,471 46,479 13,944 32,535 2,731,639 1.8%1,093 28-Feb-142,731,639 37,364 6,462 30,902 (24,440) - 6,462 2,738,101 16,667 4,553 (14,758) (4,427) (10,331) 2,737,975 0.2%1,095 31-Mar-142,737,975 487,264 5,804 481,460 (248,000) - 233,460 2,971,435 16,667 4,563 212,230 63,669 148,560 2,903,202 6.0%1,161 30-Apr-142,903,202 651 8,175 (7,524) (53,818) - (61,342) 2,841,860 16,667 4,839 (82,847) (24,854) (57,993) 2,861,875 -1.4%1,145 31-May-142,861,875 433,551 15,000 418,551 366,753 - 785,304 3,647,179 16,667 4,770 763,868 229,161 534,706 3,413,248 19.3%1,365 30-Jun-143,413,248 225,672 1,109 224,563 (50,914) - 173,649 3,586,897 16,667 5,689 151,294 45,389 105,905 3,535,820 3.6%1,414 31-Jul-143,535,820 (51,165) 7,999 (59,164) (11,021) - (70,185) 3,465,635 16,667 5,893 (92,745) (27,829) (64,916) 3,487,571 -1.4%1,395 31-Aug-143,487,571 (74,603) 6,774 (81,377) 87,430 - 6,053 3,493,624 16,667 5,813 (16,426) (4,928) (11,498) 3,492,739 0.1%1,397 30-Sep-143,492,739 65,101 4,855 60,246 (46,930) - 13,316 3,506,056 16,667 5,821 (9,171) (2,751) (6,420) 3,502,986 0.3%1,401 Fund Inception Date 1st July 2013Unrealised Profit is calculated after reducing transaction costs and considering closing value of position as of 30th Sept 2014

5. NOTES TO PERFORMANCE TABLE Asummaryofthesignificantaccountingpolicieswhichhavebeenfollowedinpreparingtheaccompanyingperformancetableissetforthbelow: 1.BeginningBalanceequalstheendingequityfromthepreviousmonth,ifapplicable,andincludesthesumofallcash,accruedinterestincome,accruedbrokeragecommissionsandmiscellaneousexpensesandthecurrentmarketvalueofallopencommoditypositions. 2.Additionsaretheamounts,otherthanthroughsourcesofincome,addedatthestartoftheperiod.Withdrawalsaretheamounts,otherthanthroughsourcesofexpense, withdrawnatthestartoftheperiod. 3.GrossProfit(Loss)isthegrossrealizedgain/(loss)onclosedfuturescontractsduringthemonth.ItisnotreducedbyBrokerageCommissionsandMiscellaneousExpenses. 4.BrokerageCommissionsandMiscellaneousExpensesarerecognizedonanaccrualbasisandrepresentthecommissionschargedpersidebythefuturescommissionmerchantpluschargesbycertainexchangesandself-regulatoryorganizationsandotherchargestotheaccount. 5.NetRealizedProfit(Loss)representsthesumofTotalRealizedProfit(Loss)lessBrokerageCommissionsandMiscellaneousExpenses. 6.ChangeinUnrealizedProfit(Loss)representsthetotalincrease(decrease)fromtheprecedingmonthinopencommoditypositions.Unrealizedgains(losses)onfuturescontractsarecalculatedattheendofeachmonthbasedoncontractsizesandthedifferencesbetweenthecommodityfuturescontractclosingpriceandthepriceatwhichthecontractwasinitiallypurchasedorsold. 7.InterestIncomeisrecognizedonanaccrualbasisandrepresentsinterestearnedonliquidfunds,ifany,heldasmargininthetradingaccount,and/orinterestearned,ifany,onequitybalancesatthefuturescommissionmerchant. 8.GrossPerformanceisthesumofNetRealizedProfit(Loss),ChangeinUnrealizedProfit(Loss)andInterestincome. 9.BalancebeforedistributionisthesumofBeginningBalance,AdditionsandGrossPerformance. 10.Accruedinterestistheamountofinterestearnedbytheinvestor’scapitalduringthemonth.Aspertheagreementitis8%oftheamountinvested. 11.AccruedannualfeeistheamountofannualfeeearnedbyEnnovateSolutionsduringthemonth.Aspertheagreementitis2%ofthefundsundermanagement,calculatedonthebeginningmonthlybalance. 12.GrossProfitiscalculatedbyreducingtheAccruedInterestandAnnualFeefromtheNetPerformance(Note8) 13.AccruedEnnovateFeeis30%oftheGrossProfit.Thefee’swillfollowhigherwatermark. 14.NetPerformanceequalsGrossProfitminusAccruedEnnovateFee. 15.EndingBalanceequalsthesumofBeginningEquityplusAdditionsminusWithdrawalsplusNetPerformance. 16.MonthlyRateofReturnisdeterminedusingthe“Time-Weighting”method.ItisdeterminedbydividingNetPerformanceforamonthbytheweightedaverageofBeginningEquityplusAdditionslessWithdrawals.TheweightedaverageiscomputedbydividingthesumofeachrespectivedailyBeginningEquityplusAdditionslessWithdrawalsbalance,beforereinvestedprofitsorlossesoccurringduringthemonth,bythenumberofdaysinthemonth.MonthlyRateofReturnmaynotbeanaccurateindicatorofperformancesinceitassumesthatNetPerformanceisrealizedonapro- ratabasisoverthedailyweightedaverageofBeginningEquityplusAdditionslessWithdrawalsduringthemonth. 17.IndexisincludedforinformationalpurposesonlyandrepresentstheestimatedcompoundedmonthlyvalueofeachhypotheticalRs.1,000investmentassumedtohavebeenmadeasofthebeginningoftheperiodpresented.Indexiscalculatedas1plustheMonthlyRateofReturntimesthepriormonth’sIndex.Indexmaynotbeanaccurateindicatorofperformancesinceitassumesacontinuousinvestmentwithnosubsequentadditions,withdrawalsordistributionsofaccumulatedprofits. CONFIDENTIAL DOCUMENT 5

6. MANAGEMENT TEAM SameerGunjal Sameerhas a varied experience of 8 years in capital markets He is the managing partner of EnnovateSolutions, which advises clients on fund management He is a corporate trainer and visiting faculty with several premier Business Schools and Training institutions like Dun & Bradstreet & IMS Proschool Prior he has worked with CreditpointeServices as Sector Lead, and with CRISIL IrevnaResearch for a team of 4 Analysts from a premier Investment bank, to do equity research aligned to the US Business Services sector and Canadian Metals & Mining sector. Sameerhas done his MBA from NITIE, Mumbai and Mechanical Engineering from VJTI, Mumbai. He has cleared all 3 levels of the CFA, USA Program. CONFIDENTIAL DOCUMENT 6

7. DISCLAIMER This presentation has been prepared solely for informational purposes and may not be relied on in any manner as legal, tax or investment advice or as an offer to sell or the solicitation of an offer to buy an interest in any fund. This presentation should be considered confidential as it contains important information about the fund’s risks, fees and expenses and may not be reproduced in whole or in part, and may not be circulated or redelivered to any person without the prior written consent of EnnovateSolutions. Certain information contained herein constitutes “forward-looking statements”, which can be identified by the use of forward- looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any fund may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is not a guide to or otherwise indicative of future results . Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date here of. None of the information contained herein shall constitute, or be construed as constituting or be deemed to constitute “investment advice”. The investments in Systematic products/strategy rely on various economic factors and are subject to market risks and forces affecting the capital markets. The value of the portfolio under products/strategy can go up or down depending on the various factors that affect the capital market. CONFIDENTIAL DOCUMENT 7

8. Office No. 1, GunjalComplex, Off. J M Road, Deccan Gymkhana, Pulachiwadi, Pune–411004 email: ennovate.research@gmail.com, Mob.: 9860270324 CONFIDENTIAL DOCUMENT Grow with usTHANK YOU

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