Shadowridge Apex Fund, LP
Executive Summary
The Partnership's investment objective is to achieve superior long-term capital appreciation with a focus on risk adjusted returns. The Partnership seeks to achieve this objective primarily through the leveraged trading of stock market index (such as the S&P 500 and/or NASDAQ) futures.
The Partnership's investment strategy is based on the Shadowridge Asset Management - Enhanced Index Strategy, which has been running with the same rules since March of 2018. These rules include a decision matrix based on Money Flow calculations derived from NYSE and S&P500 stock data. Daily analysis of market conditions and underlying investments takes into account Advance-Decline calculations, New Highs - New Lows, and Relative Strength calculations as well as percent positive S&P sectors from various metrics such as Directional Momentum and Relative Strength Index. This decision matrix leads to trades of futures of Stock Market Indices such as the S&P500 and/or NASDAQ. Futures may be leveraged up to 300% (or more) in the Indexes selected. The strategy may also trade volatility as a hedge against long holdings as well as other commodities or futures. Typical trade duration lasts approximately 2-3 weeks; occasionally much shorter or longer as Money Flow persists."
The development of an investment program is a continuous process, and the Investment Manager is not limited by the above discussion of the investment program. The Investment Manager is constantly researching, developing, and implementing new methods and techniques to be utilized as part of the Partnership's overall investment program. The preceding description of the Partnership's investment program is as of the date of this Memorandum only. The Investment Manager's investment methods are confidential and the descriptions of them in this Memorandum are not exhaustive. The Investment Manager has wide latitude to invest or trade the Partnership's assets, to pursue any particular strategy or tactic, although the General Partner will notify all Limited Partners before making a material change to the Partnership's investment objective or investment strategy, at which time all Limited Partners will have the opportunity to withdraw from the Partnership without regard to any applicable withdrawal limitations set forth in the Partnership Agreement, except that the Contingency Reserve (as defined later in this Memorandum) will continue to apply. (See Summary of Key Terms -- Withdrawals). The investment program imposes no significant limits on the types of instruments in which the Investment Manager may take positions, the types of positions it may take, its ability to borrow money, or the concentration of investments. Prospective investors must recognize that there are inherent limitations in all descriptions of investment processes due to the complexity, confidentiality, and subjectivity of such processes. The investment strategies used for the Partnership's portfolio may differ from those used by the Investment Manager and its affiliates with respect to other accounts they manage.
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Disclaimer Info
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.
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