Managed Futures Database, Resource & Tools

Program Details


Opes Capital Group, LLC 

Opes Capital Group

Manager: Joshua Farahi

Address: 9454 Wilshire Blvd., Suite 803, Beverly Hills, CA, 90212, U.S.A.



Program Type:CTA
Inception Date:Oct 1, 2009
Incentive Fee:20%
Annual Mgt Fee:1%
Min Investment:$100,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:23.82%129.42%
Annual ROR:4.96%20.69%
1 Year:0.00%11.57%
Statistics Program S&P 500
Average Monthly Gain:2.79%872.87%
Average Monthly Loss:-4.30%-3.21%
Winning Months:4036
Losing Months:1317
Current DD:12.880.00
Max DD:23.5817.03
Sharpe Ratio (RF 1%):0.24
Annualized Std Dev:16.44




StrategySingle Strategy
DirectionalLong / Short
Holding PeriodShort Term
Option Writing:50%
Technical Analysis:25%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD


Program Info

The Opes philosophy focuses on capitalizing on the characteristics of futures options that detract most investors. By understanding these traits instead of shunning them, we developed a program that uses these elements to the benefit of our investors. One aspect is inherent leverage; this allows us to deploy less equity and fewer contracts to achieve our target returns. Another is volatility; our program is designed to exploit pricing fluctuations in volatile periods. By employing rigorous systematic analysis, using a product's attributes advantageously, and managing risk above all else, we strive to achieve consistent returns for our clients. Our motto is maximize analysis, minimize trades.

Opes Capital Group's Investment process begins with a long term fundamental view of the capital markets and the economy and narrows to a one to three month focus predicated by analysis of historical, current, and expected market volatility and technicals in addition to recent global economic trends. This systematic approach to position selection is void of sentimental and performance pressures, and instead focuses on selecting positions that have the highest probability of profitability within our risk parameters. Once potential strikes have been identified, trades are further filtered by the portfolio manager in regards to risk, consistency with market outlook, and relation to other positions in the portfolio. Finally, trades are executed according to our risk management protocol.

Recent market turmoil has once again shown that the best risk models and algorithms are not a substitute for simple common sense and that is the foundation of our risk management structure. It begins with disciplined, structured capital deployment that dictates the equity and contract size of each trade for each account. This allows for excess equity in the accounts to buffer against market fluctuations as well as the ability to capitalize on opportunities during periods of extreme volatility. Next, our portfolio is analyzed daily relative to the market and positions are adjusted as needed to decrease overall delta exposure. Additionally, we employ quantified peak to trough stop losses based on the trading program's trailing returns and volatility, which can help curb the program from mounting large losses.

Company Info

Opes Capital Group is a Commodity Trading Advisor (CTA) registered in July 2009 with the Commodity Futures Trading Association (CFTC) and is a member of the National Futures Association (NFA). Based in Beverly Hills, California, Opes Capital Group specializes in managed futures options, which can be a valuable asset to any portfolio as an alternative investment. Opes Capital Group's managed accounts may be used to increase portfolio diversification, reduce overall volatility, and achieve higher returns than traditional passive investments.

The management team at Opes has extensive experience navigating the uncertain markets of the last decade, and our goal is to approach each trade from a risk management perspective first; this allows the trading program to supplant the sentiment driven biases that plague most investment decisions with systematic objectivity.

Manager Info

Mr. Farahi entered the financial industry by becoming a Registered Representative at the age of 19, while studying Political Science and Economics at Loyola Marymount University. Mr. Farahi served in a number of business and compliance roles including Branch Principal, Investment Advisor Representative and Option Principal during the first nine years of his career. Mr. Farahi dealt with high net individuals who required unique resolutions for unique financial needs. Mr. Farahi focused on risk management and capital growth strategies to fulfill his client's distinctive needs.

Armed with nearly ten years of business and market experience, in July 2009 Mr. Farahi launched Opes Capital Group, LLC. Using the invaluable lessons learned in the tumultuous markets of the preceding ten years Mr. Farahi helped develop the strategy that Opes Capital currently implements.

As Director of Operations Mr. Farahi is responsible for oversight of the firm and correctly implementing the firm's market strategy. Mr. Farahi became registered with the CFTC as an Associated Person in July 2009 and became an Associate Member of the NFA in July 2009. Mr. Farahi is a CFA Level II Candidate.