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Orion Capital Advisors 

Orion Beta Opportunity Strategy (Propietary)

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:Nov 1, 2015
AUM:$551,914
QEP:No
Incentive Fee:2%
Annual Mgt Fee:20%
Min Investment:$100,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:33.66%68.34%
Annual ROR:6.79%12.51%
YTD:43.75%8.34%
1 Year:13.98%17.59%
Alpha:0.94
Beta:-0.47
Statistics Program S&P 500
Average Monthly Gain:3.75%2.31%
Average Monthly Loss:-3.91%-3.74%
Winning Months:3237
Losing Months:2116
Current DD:5.5120.00
Max DD:34.2720.00
Sharpe Ratio (RF 1%):0.28
Annualized Std Dev:20.44

Methodology

Discretionary:10%
Systematic:90%

Strategy

StrategySingle Strategy
DirectionalLong / Short
Holding PeriodLong & Short Term
---------------------------
Counter Trend:30%
Option Spreads:10%
Trend Following:50%
Volatility:10%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
20200.7725.8713.3343.75
20191.89-2.680.86-1.94-3.59-4.14-2.256.12-2.293.07-12.38-12.20-27.16
2018-0.71-8.765.165.351.031.383.221.450.61-5.459.58-9.761.26
20174.281.394.700.162.76-0.210.661.64-0.11-0.730.91-0.0316.36
2016-0.012.46-8.193.630.653.15-4.10-0.063.770.893.67-2.452.69
20151.444.005.50

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 designed to be 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.
Orion’s strategy is founded on Orion Capital's systematic execution model connected to the probabilities of movement in volatility vs S&P500 pricing. Positions are determined using the combination of fundamental and technical analysis in Orion’s systematic execution model. The program currently trades long/short equity index futures, micro futures, long VIX futures and cash secured options. The program seeks to deliver returns in high and low volatility environments. The trades selected by the systematic execution model use a long short ratio structure to take advantage of volatility in the market. Trades are generally held between 15 and 80 days.
The program manages risk by using long/short futures, buying long VIX futures, executing conditional exits according to the changing probabilities of each trade, closely monitoring margin to equity, and adhering to the rules of Orion's systematic execution model. Predefined margin-to-equity models are managed for new positions and the overall portfolio to keep risk within downside volatility parameters with a targeted average of 10% M/E. Long VIX futures are purchased systematically to further dampen account volatility, capture implied volatility, and further hedge downside risk. All positions are placed and monitored by Orion’s trading principals. All performance is net of fees.

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.