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The following represents the performance of Program 1

Please Note:

An investment with BAM is speculative, volatile, involves a high degree of risk and is designed only for sophisticated investors who are able to bear the loss of more than their entire investment. Read and examine the disclosure document before seeking BAM's services.

Past performance is not necessarily indicative of future results.
Alternative investments such as managed futures investmentsare speculative, involve substantial risk, and are not suitable for all investors.

 

 
     

 

 

 

Net of Fees Performance
CLIENT
COMPOSITE
% Change
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

YTD

2010
NT NT -3.80 2.91 6.14 10.39 4.72 -2.07         18.96
2009
NT NT NT NT NT NT NT NT NT NT NT NT 0.00
2008
-9.73 5.23 -2.00 -8.68 -0.12 0.72 NT NT NT NT NT NT -14.48
2007
                  1.07 0.55 -3.26 -1.69
 

Note: "NT" refers to no trading.


Return Windows

CLIENT
COMPOSITE
Length (Mos.) Best Worst Average
1 10.39% -9.73%

0.14%

3 22.70% -12.19%

0.74%

6 18.96% -17.86%

-7.83%

 
  This tabular analysis summarizes the best, worst and average performance for the trading program during time windows of varying lengths. For example, three-month time windows measure performance in all rolling three-month time periods (e.g., months 1 through 3, 2 through 4, etc.).
 

 

Drawdown Analysis - September 2007 - Present (Lifetime)

Drawdown refers to the decline in the net asset of the program. Drawdowns are measured on the basis of month-end net asset values only, and do not reflect intra-month figures.

CLIENT
COMPOSITE
Depth
Length (Mos.)
Recovery (Mos.)
Peak Date
Valley Date
-20.41% 8 4 11/07 3/10
-2.07 1 0 7/10 8/10
 
   
 

Please Note:

An investment with BAM is speculative, volatile, involves a high degree of risk and is designed only for sophisticated investors who are able to bear the loss of more than their entire investment. Read and examine the disclosure document before seeking BAM's services.

Past performance is not necessarily indicative of future results.
Alternative investments such as managed futures investmentsare speculative, involve substantial risk, and are not suitable for all investors.

 

 
     
  Net of Fees Performance  
  PROPRIETARY
COMPOSITE
% Change
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

YTD

2010
5.26 1.13 -1.29 1.82 5.29 10.95 8.84 -2.65         32.43
2009
1.19 0.16 8.62 4.24 20.33 -8.09 2.32 -1.35 1.57 8.79 -1.90 0.52 39.59
2008
-5.91 3.32 -0.89 -5.03 0.10 -1.39 2.92 5.33 -1.42 6.94 -2.29 4.79 5.68
2007
9.54 6.96 8.08 6.50 0.30 0.77 18.97 -1.91 -5.77 8.66 7.03 -2.74 69.57
2006
-7.75 -8.14 1.86 -7.23 3.25 -3.74 -4.76 -3.00 -0.09 -4.82 5.47 -3.65 -28.96
2005
1.14 6.81 6.28 3.57 -6.10 -3.91 3.74 -2.17 -12.24 -8.47 23.16 8.42 16.80
2004
1.18 -22.65 12.83 -4.83 15.03 -14.10 -28.20 46.12 30.62 40.10 6.90 70.43
   
 

Return Windows

 
  PROPRIETARY
COMPOSITE
Length (Mos.) Best Worst Average
1 46.12% -28.20%

2.52%

3 167.40% -29.05%

8.51%

6 208.79% -41.07%

17.29%

12 211.26% -28.95%

33.64%

24 145.46% -17.02%

51.36%

36 277.32% 8.26%

88.84%

60 444.51% 86.75% 188.13%
   
 

This tabular analysis summarizes the best, worst and average performance for the trading program during time windows of varying lengths. For example, three-month time windows measure performance in all rolling three-month time periods (e.g., months 1 through 3, 2 through 4, etc.).

Drawdown Analysis - September 2007 - August 2010 (Last 3 Years)

Drawdown refers to the decline in the net asset of the program. Drawdowns are measured on the basis of month-end net asset values only, and do not reflect intra-month figures.

PROPRIETARY
COMPOSITE
Depth
Length (Mos.)
Recovery (Mos.)
Peak Date
Valley Date
-12.15% 7 4 11/07 6/08
-8.09% 1 4 5/09 6/09
-5.77% 1 1 9/07 9/07
-2.65 1 0 7/10 8/10
 

Drawdown Analysis - February 2004 - Present (Lifetime)

Drawdown refers to the decline in the net asset of the program. Drawdowns are measured on the basis of month-end net asset values only, and do not reflect intra-month figures.

PROPRIETARY
COMPOSITE
Depth
Length (Mos.)
Recovery (Mos.)
Peak Date
Valley Date
-41.07% 6 2 2/04 8/04
-31.33% 18 9 4/05 10/06
-12.15% 7 4 11/07 6/08
-8.09% 1 4 6/09 6/09
 

Notes to Performance Information:
The performance set forth here represents the proprietary trading of Becker Asset Management, LLC from Jan 2004 forward. CFTC regulations require proprietary performance to be presented supplementary, and regard such performance to be less relevant in assessing of an advisor’s trading generally.

 
     
2005-2010 All rights reserved, Becker Asset Management, LLC.