Managed Futures Database, Resource & Tools

Program Details


Ceres Funds Management, LLC 

Agriculture Program 1.5x

Manager: Ray Simpson

Address: 141 W. Jackson Blvd., Suite 3440, Chicago, IL, 60604, U.S.A.



Program Type:CTA
Inception Date:Feb 29, 2008
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$500,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:116.68%75.23%
Annual ROR:16.14%11.47%
1 Year:0.00%15.09%
Statistics Program S&P 500
Average Monthly Gain:5.74%3219.90%
Average Monthly Loss:-6.35%-3.31%
Winning Months:4148
Losing Months:2114
Current DD:19.760.00
Max DD:40.1647.51
Sharpe Ratio (RF 1%):0.53
Annualized Std Dev:28.80




DirectionalLong / Short
Holding PeriodLong & Short Term
Technical Analysis:30%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD


Program Info

Ceres Funds Managements program trades in the agriculture sector, primarily trading cattle, hogs, corn, soybeans, and wheat. We believe the best opportunity for earning the highest risk-adjusted returns are achieved through trading spreads. Generally, intermarket spreads are traded whereby the same commodity is traded in different months.

Ceres Funds program primarily relies on fundamental analysis in an attempt to identify price trends and make trading decisions. Ceres Fundss principals' high involvement in the cash market of the underlying commodities allows them to better understand the external forces that affect the trading markets. By understanding these external causes and how they affect supply and demand factors, we are able to predict future prices of a particular commodity.

Along with a strong understanding of market fundamentals, we also use technical analysis in order to obtain signals that are given by the market themselves. Technical analysis of the markets often includes a study of the actual daily, weekly, and monthly price fluctuations, volume variations, and changes in open interest, utilizing charts for analysis of these items and other technical market data. In summary, it is a way to attempt to predict tomorrows market movement based on yesterdays numbers.

Please note: From February 2008-October 2010 the returns represent the trading results for accounts traded pursuant to power of attorney by the Advisor's trading principal, Raymond Simpson III. Starting in November 2010, Ceres Funds
Management became the Advisor, in which Raymond Simpson III is the head trading principal.

Company Info

Ceres Funds Management, LLC is a Commodity Trading Advisory (CTA) registered in July 2005 with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Located in the Chicago Board of Trade, Ceres Funds specializes in Managed Futures accounts, which can be a valuable asset to any investment portfolio as an alternative investment. By adding a Ceres Funds managed account to their investments, an investor may be able to increase portfolio diversification, reduce overall volatility, and have the opportunity for greater returns.

The management team at Ceres Funds has combined industry experience of over 75 years, and our goal is to provide the highest possible returns while limiting risk exposure. Ceres Funds believes that a deep understanding of market fundamentals coupled with technical analysis of price levels, results in the most accurate judgment of market direction and magnitude. Ceres Funds' objective is to use this disciplined approach to continue our success and help our clients meet their investment goals.

Manager Info

Raymond Simpson III is the Advisor's sole trading principal. Mr. Simpson has over 30 years experience in the cattle business, and has been self-employed as a cattle raiser for over 20 years. Since his self-employment in the cattle business, Mr. Simpson has used the futures market to hedge cash prices fluctuations. Through this experience, Mr. Simpson has not only gained extensive knowledge of the futures cattle markets, but has also become extremely familiar with other meat and grain markets.

Due to his heavy involvement in the cattle cash market, Ray has direct access to cash prices of various meats and grains. With this information, he is able to recognize discrepancies in cash vs. futures prices and determine the size and time to maturity of that deviation. Through the cash markets, Mr. Simpson also gains access to market fundamentals that many systematic platforms may not capture. Therefore, his discretionary approach allows him to adjust his strategy as soon as new market information is received.