Friday, February 6th, using the March futures, we sold our half position long in the US 10yr note at an equivalent yield of 1.88%, just above our hard stop. We are now short half positions in the S&P and the Euro$ and are 50% invested.

Modeled performance since inception, May 2012, net of all fees is +127.42%
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 +9.70% with a 8% Hurdle rate