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everestia llc 

Everestia Target Volatility Fund, LLC

Manager: Jonathan Gupta-She

Address: 61-43 186th ST, Suite 698, Fresh Meadows, NY, 11365, U.S.A.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CPO
Inception Date:Apr 1, 2024
AUM:$1,133,418
QEP:Yes
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$2,500,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:2.61%-4.16%
Annual ROR:36.23%-39.95%
YTD:2.61%5.57%
1 Year:2.61%20.48%
Alpha:2.61
Beta:0.00
Statistics Program S&P 500
Average Monthly Gain:2.61%0%
Average Monthly Loss:N/A-4.16%
Winning Months:10
Losing Months:01
Current DD:0.00
Max DD:0.000.00
Sharpe Ratio (RF 1%):0
Annualized Std Dev:

Methodology

Discretionary:5%
Systematic:95%

Strategy

StrategySingle Strategy
DirectionalLong / Short
Holding PeriodLong & Short Term
---------------------------
Arbitrage:50%
Mean Reversion:50%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
20242.612.61

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

The Everestia Target Volatility Program utilizes indicators in the volatility market for decision making. Volatility market indicators includes VIX spot, volatility smile / smirk / forward skew, VIX future curve, correlation between volatility and underlying S&P 500. The main instruments traded in the Program are VIX futures. The strategy holds a mix of long VIX futures and short VIX futures of various expiration dates, and/or with other correlated futures, such as S&P 500 futures. The strategy is quantitative and deeply rooted in the complex, sound modern theory of financial mathematics. The strategy is also supported by ample data analytics, such as mean reversion behavior of volatility in the equity derivatives market. Everestia aims to capture the theta effect of the basket of options.

Company Info

Everestia Target Volatility Fund, LLC (the
"Fund"), a Delaware limited liability company, is an
investment fund. Investment decisions for the Fund
are made by Everestia LLC (“Everestia”).
The Fund is traded by Everestia pursuant to
its investment program called the “Everestia Target
Program,” a systematic and mechanical program that
primarily trades the Chicago Board Options
Exchange's Volatility Index (“VIX”) and the Chicago
Mercantile Exchange’s S&P 500 futures and options
contracts, including E-mini S&P 500 futures and
options contracts. The Fund may trade, depending
on market conditions, other Derivatives as well.
Generally, when the S&P drops VIX rises
and when the S&P rises one should expect VIX to
move lower. However, there are periods when both
the S&P 500 and VIX move in the same direction.
Everestia’s goal is to capture these price
changes in the most efficient manner possible
providing competitive risk adjusted returns over a five-
year investment horizon.
Everestia believes that the Fund provides an
attractive and effective vehicle to implement its
Everestia Target Program for the benefit of investors.
In particular, unlike a separate account, the liability of
each investor in the Fund will be limited to the capital
that he or she invests in the Fund plus undistributed
profits.
Nonetheless, an investment in the Fund
should only be considered by investors that can
assume the significant risks associated with trading
futures contracts in general and stock index futures
contracts in particular. As a result, an investment in
the Fund should not generally exceed 10% of your
liquid net worth.

Manager Info

Mr. Gupta-She is currently an undergraduate
student at MIT. He was a student at Stuyvesant High
School from August 2019 to June 2023. Prior to that,
he was a student at MS 158 in Queens, NY from
August 2017 to June 2019. He did not engage in any
business activities except business development
activities in the period August 2017 to February 2024.
Mr. Gupta-She is a self-taught financial
engineer and trading strategy developer. He is the
author of a research paper in financial mathematics,
and numerous white papers on trading and investing.
Mr. Gupta-She is a USAJMO (USA Junior
Math Olympiad) and USAMO (USA Math Olympiad)
qualifier