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Protec Energy Partners LLC 

ET1

Manager: Todd Garner Andy Greenberg

Address: 750 Park of Commerce Blvd Suite 210 Blvd. , Suite 210, Boca Raton, FL, 33487, U.S.A.

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:Apr 1, 2010
AUM:$11,008,270
QEP:Yes
Incentive Fee:2%
Annual Mgt Fee:20%
Min Investment:$200,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:177.09%103.88%
Annual ROR:60.06%38.93%
YTD:0.00%6.49%
1 Year:0.00%13.70%
Alpha:3.94
Beta:0.37
Statistics Program S&P 500
Average Monthly Gain:6.78%4.41%
Average Monthly Loss:-1.85%-3.41%
Winning Months:1813
Losing Months:813
Current DD:4.166.97
Max DD:4.1617.03
Sharpe Ratio (RF 1%):3.23
Annualized Std Dev:18.31

Methodology

Discretionary:100%
Systematic:0%

Strategy

StrategyMulti-Strategy
DirectionalLong / Short
Holding PeriodShort Term
---------------------------
Fundamentals:20%
Mean Reversion:10%
Option Purchase:15%
Option Spreads:20%
Option Writing:15%
Technical Analysis:20%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
201210.404.615.91-0.40-3.7817.22
201114.569.0212.894.08-0.47-1.341.826.660.534.07-3.763.4863.05
2010-2.07-0.968.883.406.023.7211.85-2.0110.1644.97

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

Investment Strategy
Protec Energy Partners ET1 program depends on both technical and fundamental considerations. Technical analysis involves the study of price charts, volume and momentum to determine the future course of prices. Other analysis will be performed on the prices of various options, both in absolute terms in relation to their historic price level, and in relative terms comparing the prices of puts to the prices of similar calls. Implied and historical volatility of both the option and its underlying commodity are also studied. Fundamental considerations, utilized on a commodity by commodity basis, include supply and demand, seasonal movements as well as business and economic factors, governmental policies, weather, and other worldwide events, which can influence the energy commodity markets.

In the ET1 program, the focus is to implement medium-term strategies including option spread structures, strangles and straddles. In addition, the Advisor may purchase or sell futures to offset an open option position.

Our ongoing re-balancing process is designed to keep an account's degree of leverage relatively constant, even in volatile markets. PEP's principals years of experience in the physical petroleum and natural gas markets enables them to better understand the external forces that affect the trading markets. Along with a strong understanding of market fundamentals, technical analysis is used to help more precisely time entry and exit strategies. PEP trades energy commodities including but not limited to crude oil, gasoline, heating oil and natural gas with trade allocations between the commodities based on potential risk vs. reward.

Risk Management
The firm employs strict proprietary risk control procedures in an effort to preserve capital and protect against material forecasting errors. Particular attention is given to the adequate sizing of positions prior to execution, and the need to
assess the current and anticipated liquidity of the segment of the market. We calculate a predetermined level of acceptable loss per position based on volatility and risk-reward dynamics. If this predetermined acceptable loss is exceeded, the position is closed.

Company Info

Protec Energy Partners, LLC ("PEP") is a Florida based discretionary energy trading and advisory firm with an emphasis on oil derivatives trading. The Program is characterized by relatively short term (one to six months), low turn-over, reversion-to-mean option strategies. The Protec team has extensive trading experience in both the physical energy and financial derivatives markets.

Manager Info

Todd Garner is Co-Founder of Protec Fuel Management and Protec Energy Partners. In addition to overall management responsibilities, Mr. Garner oversees the day to day operations and heads the marketing and procurement operations for all energy commodities. He also co-heads the risk management, trading and program development. Mr Garner has over 25 years of experience in the physical and risk management aspect of the energy industry. Prior to forming Protec Fuel Management in 1999, Mr. Garner held the positions of Director of Trading for Natural Gas, Director of Trading for Refined Products/NGL's and Vice President of Risk Management with The Williams Companies in Tulsa, Oklahoma. While at Williams, Mr. Garner oversaw the development and implementation of structured risk management and procurement programs for wholesalers, retailers, and pipeline shippers of refined products and natural gas.

Andrew Greenberg is Co-Founder of Protec Fuel Management and Protect Energy Partners. He heads the risk management, trading and program development for all energy commodities. In addition to administrative oversight, Mr. Greenbergʼs responsibilities also include trading crude oil, refined products, natural gas and ethanol derivatives. Mr Greenberg has over 30 years in the energy industry. Prior to forming Protec Fuel Management in 1999, Mr. Greenberg was Director of Trading and Marketing for Exco-Intercaptial and Berisford Capital Markets Group, where he directed the physical and financial trading of crude oil, refined fuels and natural gas. Mr. Greenberg began his career as a grain and precious metals trader and was a NYMEX floor trader/manager of crude oil and refined products for ConAgraʼs Geldermann.

"The rates of return shown in the above Performance Capsule may vary materially among managed accounts due to multiple factors inherent in the ET1 program. This variance, however, is primarily due to longer-term trend-following option positions that existing clients hold in which new clients will not participate. It may take new clients several months to have comparable trading positions."