Altegris Clearing Solutions SHARPE+SIGNA LLC SHARPE+SIGNA Managed Currency Series *QEP*
Monthly Performance (%)
Date Range: 05/10 - 09/14
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2014 0.35 -0.36 0.41 0.37 -0.17 -0.29 0.10 -1.28 1.12 0.23
2013 3.01 1.40 1.36 1.79 1.12 0.51 -0.37 0.16 -0.24 0.01 -0.46 -1.07 7.39
2012 0.55 1.09 -0.61 0.19 -3.71 0.98 1.78 3.32 3.95 4.03 1.59 1.58 15.49
2011 2.45 5.16 8.34 -1.71 2.53 5.87 0.68 -2.42 9.40 -1.96 2.14 -0.50 33.36
2010 3.13 5.36 6.42 7.51 10.46 10.32 6.63 61.54
Note: Estimates appear in italics. All performance data is since program inception.
Strategy Description

SHARPE+SIGNA is a boutique absolute return FX manager specializing in discretionary, technical, quantitative and fundamental investment strategies in a Global Macro setting focused on currencies, both emerging and major markets with superior risk-management being the foundation of all strategies. SHARPE+SIGNA’ objective is to deliver attractive, positive absolute returns in all market conditions through its systematic discretionary management. SHARPE+SIGNA’ emphasis is to generate long term capital growth by maintaining a well-diversified exposure to a wide range of global currencies, thus creating an absolute return.

Performance Statistics
Date Range: 05/10 - 09/14
  Program SP500 TR Altegris 40
Total Return 167.80% 82.63% 1.93%
Annualized Return 25.52% 14.61% 0.43%
Annualized Std. Deviation 11.12% 13.24% 8.26%
Correlation 0.01 0.01
Sharpe Ratio (rf=2.5%) 2.07 0.91 -0.25
Worst Month -3.71% -7.99% -4.30%
Date of Worst Month 05/2012 05/2010 05/2013
Worst Drawdown -4.12% -16.26% -15.74%
Date of Worst Drawdown 2/12 - 5/12 4/11 - 9/11 4/11 - 9/13
Note: Estimates appear in italics. All performance data is since program inception.
Annual Performance (%)
Date Range: 05/10 - 09/14
Year or YTD Program SP500 TR Altegris 40
2014 0.23 8.35 5.80
2013 7.39 32.41 -2.45
2012 15.49 15.98 -4.75
2011 33.36 2.12 -3.23
2010 61.54 16.82 9.79
Note: Estimates appear in italics. All performance data is since program inception.
Performance Comparison
Date Range: 05/10 - 09/14
Date: 9/30/2014
Perf: $1,044.60 Date: 8/31/2014
Perf: $1,029.26 Date: 7/31/2014
Perf: $987.49 Date: 6/30/2014
Perf: $995.45 Date: 5/31/2014
Perf: $986.97 Date: 4/30/2014
Perf: $962.33 Date: 3/31/2014
Perf: $955.07 Date: 2/28/2014
Perf: $969.42 Date: 1/31/2014
Perf: $961.54 Date: 12/31/2013
Perf: $987.30 Date: 11/30/2013
Perf: $988.69 Date: 10/31/2013
Perf: $971.11 Date: 9/30/2013
Perf: $949.37 Date: 8/31/2013
Perf: $955.10 Date: 7/31/2013
Perf: $973.80 Date: 6/30/2013
Perf: $982.34 Date: 5/31/2013
Perf: $1,021.04 Date: 4/30/2013
Perf: $1,066.92 Date: 3/31/2013
Perf: $1,040.09 Date: 2/28/2013
Perf: $1,025.32 Date: 1/31/2013
Perf: $1,031.30 Date: 12/31/2012
Perf: $1,012.07 Date: 11/30/2012
Perf: $1,007.14 Date: 10/31/2012
Perf: $1,004.33 Date: 9/30/2012
Perf: $1,042.05 Date: 8/31/2012
Perf: $1,059.53 Date: 7/31/2012
Perf: $1,074.14 Date: 6/30/2012
Perf: $1,031.93 Date: 5/31/2012
Perf: $1,072.25 Date: 4/30/2012
Perf: $1,052.26 Date: 3/31/2012
Perf: $1,045.98 Date: 2/29/2012
Perf: $1,070.28 Date: 1/31/2012
Perf: $1,065.91 Date: 12/31/2011
Perf: $1,062.51 Date: 11/30/2011
Perf: $1,052.40 Date: 10/31/2011
Perf: $1,049.25 Date: 9/30/2011
Perf: $1,092.52 Date: 8/31/2011
Perf: $1,093.17 Date: 7/31/2011
Perf: $1,095.37 Date: 6/30/2011
Perf: $1,057.40 Date: 5/31/2011
Perf: $1,085.63 Date: 4/30/2011
Perf: $1,126.76 Date: 3/31/2011
Perf: $1,084.46 Date: 2/28/2011
Perf: $1,101.31 Date: 1/31/2011
Perf: $1,082.90 Date: 12/31/2010
Perf: $1,097.95 Date: 11/30/2010
Perf: $1,052.78 Date: 10/31/2010
Perf: $1,091.42 Date: 9/30/2010
Perf: $1,050.65 Date: 8/31/2010
Perf: $1,031.87 Date: 7/31/2010
Perf: $990.85 Date: 6/30/2010
Perf: $1,003.80 Date: 5/31/2010
Perf: $1,000.00 Date: 9/30/2014
Perf: $1,984.91 Date: 8/31/2014
Perf: $2,013.09 Date: 7/31/2014
Perf: $1,935.66 Date: 6/30/2014
Perf: $1,962.75 Date: 5/31/2014
Perf: $1,922.94 Date: 4/30/2014
Perf: $1,878.79 Date: 3/31/2014
Perf: $1,864.99 Date: 2/28/2014
Perf: $1,849.46 Date: 1/31/2014
Perf: $1,768.63 Date: 12/31/2013
Perf: $1,832.02 Date: 11/30/2013
Perf: $1,786.81 Date: 10/31/2013
Perf: $1,733.93 Date: 9/30/2013
Perf: $1,657.67 Date: 8/31/2013
Perf: $1,607.21 Date: 7/31/2013
Perf: $1,655.21 Date: 6/30/2013
Perf: $1,575.04 Date: 5/31/2013
Perf: $1,596.43 Date: 4/30/2013
Perf: $1,559.93 Date: 3/31/2013
Perf: $1,530.39 Date: 2/28/2013
Perf: $1,475.08 Date: 1/31/2013
Perf: $1,455.29 Date: 12/31/2012
Perf: $1,383.61 Date: 11/30/2012
Perf: $1,371.14 Date: 10/31/2012
Perf: $1,363.23 Date: 9/30/2012
Perf: $1,388.93 Date: 8/31/2012
Perf: $1,353.99 Date: 7/31/2012
Perf: $1,324.20 Date: 6/30/2012
Perf: $1,306.04 Date: 5/31/2012
Perf: $1,254.36 Date: 4/30/2012
Perf: $1,334.57 Date: 3/31/2012
Perf: $1,343.03 Date: 2/29/2012
Perf: $1,300.25 Date: 1/31/2012
Perf: $1,246.41 Date: 12/31/2011
Perf: $1,192.96 Date: 11/30/2011
Perf: $1,180.92 Date: 10/31/2011
Perf: $1,183.52 Date: 9/30/2011
Perf: $1,066.91 Date: 8/31/2011
Perf: $1,147.59 Date: 7/31/2011
Perf: $1,213.48 Date: 6/30/2011
Perf: $1,238.62 Date: 5/31/2011
Perf: $1,259.66 Date: 4/30/2011
Perf: $1,274.05 Date: 3/31/2011
Perf: $1,237.43 Date: 2/28/2011
Perf: $1,236.93 Date: 1/31/2011
Perf: $1,195.91 Date: 12/31/2010
Perf: $1,168.22 Date: 11/30/2010
Perf: $1,095.07 Date: 10/31/2010
Perf: $1,094.96 Date: 9/30/2010
Perf: $1,054.78 Date: 8/31/2010
Perf: $968.40 Date: 7/31/2010
Perf: $1,014.13 Date: 6/30/2010
Perf: $947.70 Date: 5/31/2010
Perf: $1,000.00 Date: 9/30/2014
Perf: $2,678.03 Date: 8/31/2014
Perf: $2,648.37 Date: 7/31/2014
Perf: $2,682.71 Date: 6/30/2014
Perf: $2,680.03 Date: 5/31/2014
Perf: $2,687.83 Date: 4/30/2014
Perf: $2,692.40 Date: 3/31/2014
Perf: $2,682.48 Date: 2/28/2014
Perf: $2,671.52 Date: 1/31/2014
Perf: $2,681.18 Date: 12/31/2013
Perf: $2,671.83 Date: 11/30/2013
Perf: $2,700.72 Date: 10/31/2013
Perf: $2,713.20 Date: 9/30/2013
Perf: $2,712.93 Date: 8/31/2013
Perf: $2,719.46 Date: 7/31/2013
Perf: $2,715.12 Date: 6/30/2013
Perf: $2,725.20 Date: 5/31/2013
Perf: $2,711.37 Date: 4/30/2013
Perf: $2,681.34 Date: 3/31/2013
Perf: $2,634.19 Date: 2/28/2013
Perf: $2,598.84 Date: 1/31/2013
Perf: $2,562.96 Date: 12/31/2012
Perf: $2,488.07 Date: 11/30/2012
Perf: $2,449.37 Date: 10/31/2012
Perf: $2,411.04 Date: 9/30/2012
Perf: $2,317.63 Date: 8/31/2012
Perf: $2,229.57 Date: 7/31/2012
Perf: $2,157.92 Date: 6/30/2012
Perf: $2,120.18 Date: 5/31/2012
Perf: $2,099.61 Date: 4/30/2012
Perf: $2,180.51 Date: 3/31/2012
Perf: $2,176.37 Date: 2/29/2012
Perf: $2,189.73 Date: 1/31/2012
Perf: $2,166.12 Date: 12/31/2011
Perf: $2,154.27 Date: 11/30/2011
Perf: $2,165.09 Date: 10/31/2011
Perf: $2,119.73 Date: 9/30/2011
Perf: $2,162.11 Date: 8/31/2011
Perf: $1,976.33 Date: 7/31/2011
Perf: $2,025.35 Date: 6/30/2011
Perf: $2,011.67 Date: 5/31/2011
Perf: $1,900.13 Date: 4/30/2011
Perf: $1,853.24 Date: 3/31/2011
Perf: $1,885.48 Date: 2/28/2011
Perf: $1,740.34 Date: 1/31/2011
Perf: $1,654.95 Date: 12/31/2010
Perf: $1,615.37 Date: 11/30/2010
Perf: $1,514.93 Date: 10/31/2010
Perf: $1,373.21 Date: 9/30/2010
Perf: $1,243.18 Date: 8/31/2010
Perf: $1,156.34 Date: 7/31/2010
Perf: $1,086.58 Date: 6/30/2010
Perf: $1,031.30 Date: 5/31/2010
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns
Date Range: 05/10 - 09/14
Date: 9/30/2014
Return: 1.12 % Date: 8/31/2014
Return: -1.28 % Date: 7/31/2014
Return: 0.10 % Date: 6/30/2014
Return: -0.29 % Date: 5/31/2014
Return: -0.17 % Date: 4/30/2014
Return: 0.37 % Date: 3/31/2014
Return: 0.41 % Date: 2/28/2014
Return: -0.36 % Date: 1/31/2014
Return: 0.35 % Date: 12/31/2013
Return: -1.07 % Date: 11/30/2013
Return: -0.46 % Date: 10/31/2013
Return: 0.01 % Date: 9/30/2013
Return: -0.24 % Date: 8/31/2013
Return: 0.16 % Date: 7/31/2013
Return: -0.37 % Date: 6/30/2013
Return: 0.51 % Date: 5/31/2013
Return: 1.12 % Date: 4/30/2013
Return: 1.79 % Date: 3/31/2013
Return: 1.36 % Date: 2/28/2013
Return: 1.40 % Date: 1/31/2013
Return: 3.01 % Date: 12/31/2012
Return: 1.58 % Date: 11/30/2012
Return: 1.59 % Date: 10/31/2012
Return: 4.03 % Date: 9/30/2012
Return: 3.95 % Date: 8/31/2012
Return: 3.32 % Date: 7/31/2012
Return: 1.78 % Date: 6/30/2012
Return: 0.98 % Date: 5/31/2012
Return: -3.71 % Date: 4/30/2012
Return: 0.19 % Date: 3/31/2012
Return: -0.61 % Date: 2/29/2012
Return: 1.09 % Date: 1/31/2012
Return: 0.55 % Date: 12/31/2011
Return: -0.50 % Date: 11/30/2011
Return: 2.14 % Date: 10/31/2011
Return: -1.96 % Date: 9/30/2011
Return: 9.40 % Date: 8/31/2011
Return: -2.42 % Date: 7/31/2011
Return: 0.68 % Date: 6/30/2011
Return: 5.87 % Date: 5/31/2011
Return: 2.53 % Date: 4/30/2011
Return: -1.71 % Date: 3/31/2011
Return: 8.34 % Date: 2/28/2011
Return: 5.16 % Date: 1/31/2011
Return: 2.45 % Date: 12/31/2010
Return: 6.63 % Date: 11/30/2010
Return: 10.32 % Date: 10/31/2010
Return: 10.46 % Date: 9/30/2010
Return: 7.51 % Date: 8/31/2010
Return: 6.42 % Date: 7/31/2010
Return: 5.36 % Date: 6/30/2010
Return: 3.13 % Date: 5/31/2010
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns
Date Range: 05/10 - 09/14
Return: 4.00 %
Count: 2 Return: -4.00 %
Count: 1 Return: -1.00 %
Count: 4 Return: 9.00 %
Count: 1 Return: 1.00 %
Count: 9 Return: -2.00 %
Count: 3 Return: 2.00 %
Count: 6 Return: 7.00 %
Count: 1 Return: 10.00 %
Count: 2 Return: 8.00 %
Count: 2 Return: 6.00 %
Count: 2 Return: 5.00 %
Count: 2 Return: 3.00 %
Count: 4 Return: 0.00 %
Count: 14
Note: All performance data is since program inception.

Underwater Curve
Date Range: 05/10 - 09/14
Date: 9/30/2014
Drawdown: -1.73 % Date: 8/31/2014
Drawdown: -2.82 % Date: 7/31/2014
Drawdown: -1.56 % Date: 6/30/2014
Drawdown: -1.66 % Date: 5/31/2014
Drawdown: -1.37 % Date: 4/30/2014
Drawdown: -1.20 % Date: 3/31/2014
Drawdown: -1.57 % Date: 2/28/2014
Drawdown: -1.97 % Date: 1/31/2014
Drawdown: -1.62 % Date: 12/31/2013
Drawdown: -1.96 % Date: 11/30/2013
Drawdown: -0.90 % Date: 10/31/2013
Drawdown: -0.44 % Date: 9/30/2013
Drawdown: -0.45 % Date: 8/31/2013
Drawdown: -0.21 % Date: 7/31/2013
Drawdown: -0.37 % Date: 6/30/2013
Drawdown: 0.00 % Date: 5/31/2013
Drawdown: 0.00 % Date: 4/30/2013
Drawdown: 0.00 % Date: 3/31/2013
Drawdown: 0.00 % Date: 2/28/2013
Drawdown: 0.00 % Date: 1/31/2013
Drawdown: 0.00 % Date: 12/31/2012
Drawdown: 0.00 % Date: 11/30/2012
Drawdown: 0.00 % Date: 10/31/2012
Drawdown: 0.00 % Date: 9/30/2012
Drawdown: 0.00 % Date: 8/31/2012
Drawdown: 0.00 % Date: 7/31/2012
Drawdown: -1.45 % Date: 6/30/2012
Drawdown: -3.18 % Date: 5/31/2012
Drawdown: -4.12 % Date: 4/30/2012
Drawdown: -0.42 % Date: 3/31/2012
Drawdown: -0.61 % Date: 2/29/2012
Drawdown: 0.00 % Date: 1/31/2012
Drawdown: 0.00 % Date: 12/31/2011
Drawdown: -0.50 % Date: 11/30/2011
Drawdown: 0.00 % Date: 10/31/2011
Drawdown: -1.96 % Date: 9/30/2011
Drawdown: 0.00 % Date: 8/31/2011
Drawdown: -2.42 % Date: 7/31/2011
Drawdown: 0.00 % Date: 6/30/2011
Drawdown: 0.00 % Date: 5/31/2011
Drawdown: 0.00 % Date: 4/30/2011
Drawdown: -1.71 % Date: 3/31/2011
Drawdown: 0.00 % Date: 2/28/2011
Drawdown: 0.00 % Date: 1/31/2011
Drawdown: 0.00 % Date: 12/31/2010
Drawdown: 0.00 % Date: 11/30/2010
Drawdown: 0.00 % Date: 10/31/2010
Drawdown: 0.00 % Date: 9/30/2010
Drawdown: 0.00 % Date: 8/31/2010
Drawdown: 0.00 % Date: 7/31/2010
Drawdown: 0.00 % Date: 6/30/2010
Drawdown: 0.00 %
Note: All performance data is since program inception.
Notes to Performance

Manager Information
Manager Name:  SHARPE+SIGNA LLC
Address: 8484 Wilshire Blvd Suite 220
City: Beverly Hills
State: CA
Zip: 90211
Country: United States
Key People
Name:  Garen Ovsepyan
Position:  Principal
Biography: 

Garen Ovsepyan is managing member and sole principal for Sharpe Signa, LLC. From 2001 to 2009, Garen was the Fund Manager for a prominent FX Multi Strategy Investment Firm located in Los Angeles California. As a senior officer, Garen started, organized, and managed a highly profitable Managed Currency Program. Garen founded Vanguard Axis LLC in June 2010, which was rebranded into Sharpe Signa LLC in August 2012. Garen will manage all strategy, compliance, legal, and operational issues for Sharpe Signa LLC.


Additional Information

The Program Performance information presented in this and other areas of the www.managedfutures.com website was prepared by Altegris Clearing Solutions, LLC, an affiliate within the Altegris Group of Companies, based upon information provided by each respective manager of commodity futures and foreign currency trading programs tracked by Altegris Clearing Solutions and its affiliates. The Program Performance information does not contain opinion or analysis of Altegris Clearing Solutions or any of its affiliates, and the completeness and accuracy of performance information reported to Altegris Clearing Solutions cannot in all cases be independently verified. See “Additional Information” at the end of this page for further details regarding the presentation of performance. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.