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Orion Capital Advisors 

Orion Beta Opportunity Strategy (Client)

Manager: Ryan Cormier

Address: 2462 emmie lane, tetonia, ID, 83452, U.S.A.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:May 1, 2017
AUM:$1,028,794
QEP:No
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$100,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:-3.37%14.11%
Annual ROR:-1.63%6.54%
YTD:-4.79%9.64%
1 Year:-6.36%1.73%
Alpha:-0.41
Beta:0.58
Statistics Program S&P 500
Average Monthly Gain:2.01%2.34%
Average Monthly Loss:-3.74%-4.91%
Winning Months:1619
Losing Months:96
Current DD:13.586.58
Max DD:13.5813.86
Sharpe Ratio (RF 1%):-0.19
Annualized Std Dev:13.82

Methodology

Discretionary:10%
Systematic:90%

Strategy

StrategySingle Strategy
DirectionalLong / Short
Holding PeriodLong & Short Term
---------------------------
Option Spreads:75%
Volatility:25%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
20191.68-2.520.99-1.50-3.44-4.79
2018-0.75-9.114.545.101.121.342.721.290.61-6.449.18-9.23-1.42
20170.71-0.100.281.530.16-0.590.920.032.96

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

The Beta Opportunity Strategy pursues capital growth and absolute returns over time through a systematic macro approach. The program is negatively correlated to the S&P 500 and seeks to deliver returns independent of market direction. The strategy is offered through separately managed accounts that produce daily transparency and liquidity.

The Beta Opportunity Strategy is systematic and is founded on Orion Capital's execution model connected to the movement in volatility and S&P pricing. Positions are determined using a combination of fundamental and technical analysis. Orion Capital's execution model takes into account several macro and technical factors to determine when a high probability trade is to be placed. The program will transact currently in equity index futures options, long VIX futures, and the futures contracts. The program seeks to deliver returns in high and low volatility environments. The trades selected by the execution model use time decay to their advantage and are taken in spread form with no naked components. Trades are generally held between 15 and 80 days.

The program aggressively manages risk by hedging its option spread positions, buying long VIX futures, buying options, executing conditional exits according to the changing probabilities of each trade, closely monitoring margin to equity, and adhering to the rules of Orion's execution model. Predefined margin-to-equity models are managed for new positions and the overall portfolio to keep risk within downside volatility parameters with an average of 15% M/E. Long VIX futures are purchased systematically to dampen account volatility, capture implied volatility and further hedge downside risk. All positions are placed and monitored by Orion’s trading principals.

Company Info

CTA specializing in Vix, futures and hedged options strategies in S&P500

Manager Info

Christopher Sassi

Mr. Sassi is the President and a Trading Principal of Orion Capital Advisors, Inc. Mr. Sassi is listed as a principal of Orion, effective August 18, 2015, and became registered as an associated person on October 15, 2015. Mr. Sassi began his professional career in the automotive industry at his family owned and operated dealership, Royal Cadillac in 2002. His experiences span across management, operations and sales. In 2009, Mr. Sassi left Royal Cadillac to become a full time trader and portfolio manager for his family office. He is a self-taught trader starting at age 20, with experience using multiple strategies in both the equities and futures markets. Mr. Sassi holds his Series 3 license with the National Futures Association.

Ryan Cormier

Mr. Cormier is the Managing Director and a Trading Principal of Orion Capital Advisors, Inc. Mr. Cormier is listed as a principal if Orion, effective October 10, 2015. Mr. Cormier began his professional career in the US Air Force, Security Forces in 2003. During his time in service, he received the Air Force Achievement medal in 2004 and 2006 and was also deployed overseas. From 2009 to 2014, Mr. Cormier served as a Sports Ticker and Editor for Yankees Entertainment and Sports. In 2012, he began managing his own portfolio of stock options, equity and Futures. He also worked for Mr. Sassi's family office since 2011 as a Trader before founding Orion Capital with Christopher Sassi. Mr. Cormier attended Central Connecticut State University.