| FX account: | SES1WCN |
| Country: | US |
| Broker: | Oanda |
| Contact: | jfauci@invariant-capital.com |
| Website: | Invariant Capital Management |
| Fund started: | n/a |
| Tracking started: | March 2009 |
| Account currency: | USD |
| Minimum deposit: | n/a |
| Return target p.a.: | n/a |
| Max allowed drawdown: | n/a |
| Management fee: | 0.17% of account balance each month |
| Performance fee: | 20% monthly High Water Mark |
| Net results Conservative (after fees) |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2009 | - | - | -1.80% | +2.65% | -8.13% | -6.59% | -2.89% | +0.60% * | - | - | - | - |
Below you will find the equity curve for Conservative:
| Net results Moderate (after fees) |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2009 | - | - | -3.80% | +5.41% | -15.68% | -13.22% | -5.66% | +1.00% * | - | - | - | - |
Below you will find the equity curve for Moderate:
| Net results Aggressive (after fees) |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2009 | - | - | -5.80% | +8.28% | -23.14% | -19.52% | -9.35% | +2.10% * | - | - | - | - |
Below you will find the equity curve for Aggressive:
* interim returns updated every few days