Summary

The Adagio Strategy currently trades via managed accounts only. It trades a global universe of exchange traded futures across all asset classes and spot FX markets. The strategy utilizes a systematic and fully automated directional program which uses extensive quantitative analysis of real time price data and sophisticated portfolio methodology to detect medium term market trends on multiple time frames. The strategy incorporates a small mean reversion component and some pattern recognition. Execution is entirely electronic. Execution costs and slippage are closely monitored. The risk management function is also monitored real-time and is fully automated. Currently, 158 markets are traded, with each instrument independently analyzed. Presently, 8 of these markets are alternative markets such as electricity futures. The average holding period is 6 weeks.