The Freedom Factory

The Fund lost 2.05% this week, closing out a terrible month with a total loss of 25% for August. Despite increased precautions in our risk management approach, we suffered severe losses driven by currency markets. Unprecedented appreciation in US dollar hit us hard on multiple euro bets, and also took a toll on our commodities positions. Overall, the Fund is down 4.59% since inception. Continue Reading

The Fund had its two worst weeks since inception with the close of August contracts. We lost 12.87% last week, which followed a 11.44% loss the previous week. The good thing about trading one month duration contracts is that the pain is over. All bad assets have expired and are no longer on our books. VPAG is now fully invested in September contracts, with all positions well within acceptable risk parameters. Expect a slight dip this week followed by gains through expiration on 9/19. Continue Reading

The Fund lost ground this week, with a slight loss of 0.82%. This is attributed largely to reallocation of the bulk of our assets into new positions, along with renewed volatility in the financial and energy sectors. We currently hold roughly 25% of assets in cash, of which 10% is targeted for allocation this coming week. We are following an incremental reinvestment approach to offset wild asset price fluctuations over this last month. For the month of July, we are up 9.12%, and for the year we are up 23.72%.

June results are in, with VPAG earning 13.87% for the month. We closed out the week with a flat gain of 0.15%, while the overall Fund’s return since inception is 10.26%. Two-thirds of our portfolio is currently allocated in July ’08 contracts, written on U.S. small cap stocks, long term bonds, real estate sector stocks, oil, and natural gas. One-third of the portfolio is in cash, to be partially allocated over the next couple weeks. Continue Reading