This action might not be possible to undo. Are you sure you want to continue?
Manager’s Comments Return Analysis
Compounded Average Annual Return: 39.68% Compounded Average Monthly Return: 3.31% Monthly Standard Deviation: 2.75% Annual Standard Deviation: 9.54% Sharpe Ratio: 3.24 Percent Profitable Months: 100% Best Monthly Return: 10.79% Worst Monthly Return: .55% Global risk (as measured by FX short-term volatility, equities, the VIXX index and CDS spreads) remained range-bound in May as many traders seemed anxious to take strong views on longer-term directionality. As we had anticipated, inter-day volatility began to spike in the last week of the month as commodities appeared to have peaked short-term, causing a surge in the DXY index (a weighted basket of currencies versus the USD). We noted in the April newsletter that we believed the strong bid to commodities could deter the appreciation of DXY in the short-term and, although it did in May, DXY outperformed on a riskadjusted basis, implying that a sharper decline in the commodities basket could accelerate the USD's upward trend. We continue to maintain our long DXY bias (hedged through non-USD crosses aimed at lessening short exposure in commodity-based currencies), looking to enter and exit intra-day at advantageous levels utilizing our correlation and mean reversion models. The appreciation of Emerging Market currencies that was experienced at this time last year is also stalling and thus, as this quarter comes to an end, we will seek to eliminate any outright EM versus G7/G10 bias, preferring to construct our portfolio on a strictly relative value basis in the Emerging Markets space.
Minimum Account: $1,000,000 Subscription: Monthly Lockup: NONE Redemptions: 15 Business Days Written Notice Management Fee: 2.5% Incentive Fee: 25% High Water Mark: Yes Prime Broker: Citibank Administrator: PFG
Ponta Negra Fund I, LLC is a foreign exchange fund that focuses on the trading of spot, forwards, nondeliverable forwards and options in G10 and Emerging Market economies. The fund’s primary investment objective is to realize non correlated absolute returns by exploiting short term inefficiencies and capitalizing on longer term core themes.
The Fund actively manages emerging market exposure, cross correlation risk, cross region risk and duration risk. The fund initiates stop loss levels at .25% of notional upon execution of a position and has historically held positions overnight only 15-20% of the time. The number of positions and the quantity of leverage utilized are dependent on liquidity and FX volatility.
Contact Information/ Marketing Partners
Onyx Capital, LLC Jeffry Schneider Jared Toren 512 617 6335 email@example.com
Growth of $1,000,000 (Since Inception)
Ponta Negra Fund I, LLC Performance
Net Monthly Returns
Year 2007 2008 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
3.44% 7.57% 10.79% 2.92% 3.74% 1.67% 2.12% .92% 1.97% .62%
1.05% 42.99% 6.94%
1.88% 2.11% 1.29% 0.55% 0.93%
Allreturnsareestimatedandunaudited.Dataandinformationisprovidedforinformationalpurposesonlyandhasbeenpreparedfromoriginalsourcesanddatawebelievetobe reliable.TheFundmakesnoimpliedorexpresswarrantiesontheinformationprovidedherein.TheFundisnotaregisteredbroker-dealerorinvestmentcompany,andassuchisselling interests through the Managing Dealer, Puritan Securities Inc. (“Puritan”), and other approved NASD broker-dealer firms. The principals of Onyx Capital, LLC, the Fund’s marketing consultantareregisteredwithPuritan.ThispresentationhasbeenpreparedsolelytodetermineinvestorinterestinPontaNegraFundI,LLC.Itisbeingfurnishedonaconfidentialbasis toalimitednumberofprospectiveinvestorsandmaynotbeusedorreproducedforanypurpose.Thissummaryisnotanoffertosell,orasolicitationofanoffertobuyanInterestinthe Fund.AnofferorsolicitationwillbemadeonlythroughaConfidentialOfferingMemorandumanditsrelatedExhibits.Theratesofreturnandotherinvestmentperformancedataset forth herein are based on information that Ponta Negra Group, LLC, the Fund’s Investment Manager (the “Investment Manager”) believes to be correct. Past performance is not indicativeoffutureresults;thereisnoguaranteethattheFundwillachievecomparableresultstothatstatedhereinorthattheFundwillachieveitsstatedobjectives.