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Investment Capital Advisors (ICA) LLC 

ICA Managed Account Program

Manager: Mohamad Gharib

Address: George Al Kareh Bldg. Mar Mikhael Street Blvd., Baabda, 961, Lebanon

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:Forex
Inception Date:Nov 1, 2007
AUM:$16,221,039
QEP:No
Incentive Fee:25%
Annual Mgt Fee:0.2%
Min Investment:$100,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:10582.30%55.91%
Annual ROR:78.23%5.65%
YTD:0.00%7.90%
1 Year:0.00%15.09%
Alpha:6.24
Beta:0.00
Statistics Program S&P 500
Average Monthly Gain:16.34%2495.79%
Average Monthly Loss:-5.04%-2.95%
Winning Months:5372
Losing Months:4425
Current DD:14.681.28
Max DD:29.6549.94
Sharpe Ratio (RF 1%):0.90
Annualized Std Dev:85.76

Methodology

Discretionary:25%
Systematic:75%

Strategy

StrategySingle Strategy
DirectionalLong / Short
Holding PeriodShort Term
---------------------------
Fundamentals:20%
Momentum:20%
Pattern Recognition:50%
Technical Analysis:10%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
2015214.58-12.3432.838.520.22-19.57-1.35-0.16-0.161.056.75239.88
2014-20.351.4931.62-2.63-0.046.75-1.962.93-5.2414.2427.19-17.9626.01
20136.73-6.8133.51-9.480.5711.163.954.22-8.4011.5019.4315.31104.77
201212.56-4.57-12.836.3523.992.07-18.801.615.70-19.3323.2614.0824.67
20112.51-3.089.52-5.1518.07-5.207.78-5.532.348.90-0.167.4940.68
2010-12.56-0.16-0.16-0.16-0.16-0.16-0.16-0.16-0.16-0.16-0.4818.071.27
2009-0.1629.5514.021.5911.27-1.194.087.549.1136.5318.440.26226.14
200835.0510.262.73-2.9932.01-20.76-0.16-0.16-0.16-0.16-0.16-0.1653.75
200726.927.7536.76

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

Summary

ICA strategy is a combination of sophisticated Automated Risk Management Model (represent 50% of the strategy), Automated Trade Management Model (represent 25% of the strategy), and High Probability Mechanical Trading System (represent 25% of the strategy). Aside to our automated market risk Management we manage operational risk with our "two-boss" matrix management organization structure which represents a solution for team-based discipline trading. Our strategy is characterized by High Sharp Ratio 1.69, Alpha 6.5% with High Reward/Risk 3. The Trading system is a combination of 2 simple patterns drawn on the daily chart. We play swings targeting 80 - 400 pips each. Scaling out when market goes against us and pyramiding when market goes in our favour.

Investment Strategy

Our Trading System represents 25% of our Trading Strategy. The system is Mechanical with the same pattern setup executed repeatedly; it has 3 components:
a.Technical Pattern We trade only one simple pattern, this pattern has been developed by our Team, and been traded since 2006. It is a combination of 2 classical patterns; Micro pattern inside a Macro pattern. This pattern is drawn on Daily and 4 hours charts
b. Behavior Pattern Shake Out, and Proactive; these are the 2 behavior patterns which we have developed, and they serve as a trigger, for our Technical pattern
c. Technical Filter It is a simple pattern; combines Market Angle, ATR and Fibonacci extensions, serve as a signal filtration We do not scalp We do not hedge We do not martigual

Risk Management

We manage two types of risk: Market and Operational Risk.
a. Market Risk Management Model: Our Market Risk Management Model adopts a Down-Top approach. Risk Management components: Downside Limit, Reward/Risk, Sensitivity Analysis, Scenario Analysis, Correlation Analysis, Monitoring Positions, Leverage Risk, Volatility Risk, Event Risk, Peak to Trough Draw Down Analysis, Stress Testing, and contingency plans. Our Risk Management Model adopts an anti-martingale approach, in managing the pre-trade and intra-trade risk. It is scaling out in the falling markets and averaging up in the rising market. We compound the profit by implementing a developed formula representing a combination between "Compound and Flat ratio"; serving in optimizing the profit and minimizing the risk.

b. Operational Risk Management Model: Our Operational Risk Management Model adopts a Top-Down approach. Risk Management components: Data management, Execution error, employee errors, system error, process tracking, behavior monitoring, performance monitoring, unauthorized activities, business interruption, Key man, Rogue Trader, Infrastructure risk, stress testing, contingency plans. We have built two platforms with sophisticated tools providing real-time risk identifying, assessing, mitigating, controlling, monitoring, and reporting. a. Market Risk Management: ICA has developed an Automated Market Risk Management Platform, which contains sophisticated tools and calculators serve in determining the optimal risk allocation per trade, optimal leverage, optimal scale out or average up formula, serving in optimizing the Reward/Risk asymmetry. The platform controls automatically the following:
1-risk
2-leverage
3-profit
4-scaling out losing positions
5-averaging up profitable positions
6-rebuilding and recovering losing positions
7-Trailing stoploss
8-Margin

b. Operational Risk Management: ICA has developed an Online Trading Room, which is a functionally centralized web-based platform, helps in improving the operational efficiency. The platform represents an application for our "two-boss" matrix management organization structure. It represents a solution for team-based discipline trading. This centralized platform provides the team members with accesses to our sub platforms for processing and tracking matrix information and methodologies at any time, from any location.

Company Info

Investment Capital Advisors LLC is built by a group of traders, financial analysts, and programmers. ICA is registered at the "commercial register" in Baabda, under No.2015068, and at" Lebanese Republic Ministry of Finance" under No.1905239.
ICA is presented in Switzerland by Bellevue Capital GmbH, Bellevue Capital is our Investment Manager company which registered at the "commercial register" in Zurich, under No. CHE-461.028.774.
Bellevue Capital GmbH is regulated by PolyReg which is under FINMA supervision.
Investment Capital Advisors LLC has three departments:

a. Economical Laboratory Department: is an experimental economical laboratory which aims to develop ideal trading systems and risk management models; by conducting researches and experimental methodologies which is concerned with the transfer of experimental results to the design of ideal Trading Strategy.
The Laboratory has developed Trading System, Market and Operational Risk Management Models, and Stress Testing Model with their applications.

b. Trading Department: is a team of Traders, Analysts, Risk Managers, whose aim is to execute the ICA Trading Strategy, the Trading Department works in conjunction with outsourced asset management companies, who act as external chief investment officers.

c. Risk Management Department: We give the risk managers the authority to make decisions, full control of trading operations, and a superior power over portfolio management than the traders and managers themselves.
Our risk managers have responsibility for identifying all risk aspects, ensuring that the required practices and systems are in place to identify, monitor and manage risk.

Manager Info

More than 12 years of experience into Financial Markets.
Developed Stress Testing Models (monte carlo simulation), Automated Risk Management models ( Market and Optional risk management system).
Developed Trading System, which has been ranked within top 10.
The system has been incubated by many Swiss and UK asset managers.