The Valhalla Explorers Fund is the core Matsen Enterpises program and has been managing client funds for over 16 years, focused primarily on proprietary agricultural option strategies developed by Mr. Matsen.
These option strategies have evoloved over Mr. Matsen's 40+ years in agricultural markets. Trading positions normally maintain small directional and option volatility biases in a few selected commodities. Focus is on volatility skew relationships structured to leverage positions over time. Closely managed risk is the primary concern. Seasonal spreads and positions often emanate from an understanding of the cash merchandising businesses. Diversification among trading strategies increases the number of market environments from which its program seeks to extract profits.
The Alternative Commodity Algo Program (ACAP) is a diversified, long/short/flat commodity index-like program that has shown to provide non-correlated benefits to a core 60/40 portfolio.
ACAP features:
- Fixed Methodolgy
- Highly Liquid
- Diversified across 20 U.S. Exchange listed commodity components
- Non-correlated to equities and long-only commodity programs
- Algorithm incorporates trend and commodity specific factors (i.e. seasonality, contango/backwardation)
- Hypothetical returns* from 2000 - 2024. Live performance since January 1, 2025. Historical return data available upon request for Qualified Eligible Participants (QEP) as defined by Rule 4.7 of the Commodity Exchange Act
* See DISCLAIMER below
DISCLAIMER
HYPOTHETICAL PERFORMANCE RECORDS ARE PREPARED WITH THE BENEFIT OF HINDSIGHT AND INVARIABLY SHOW POSITIVE RATES OF RETURN.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.