Tuesday, February 4th, using the March futures, we went long a half position in the US 10yr note at an equivalent yield of 1.8185%. We are now short half positions in the S&P and the Euro$ and long a half position in the US 10yr and are 75% invested.

Modeled performance since inception, May 2012, net of all fees is +143.58%
In 2012 modeled performance (7 ½ mo.) net of all fees was +12.46% with a 10% Hurdle rate
In 2013, modeled performance net of all fees was +19.73% with a 10% Hurdle rate
In 2014, modeled performance net of all fees was +56.42% with a 10% Hurdle rate
In 2015, modeled performance net of all fees is +17.51% with a 8% Hurdle rate