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Plutus Grain Strategy

STRATEGY OVERVIEW

The Plutus Grain Strategy is a discretionary strategy based on a combination of supply/demand fundamentals and technical analysis which attempts to define trends and/or changes in trends in various agricultural commodity markets. Fundamental analysis incorporates factors such as production, domestic and foreign demand, storage cost and availability, governmental issues, and weather, both in the United States and around the world. Plutus primarily trades agricultural futures spreads including but not limited to corn, soybeans, wheat, soybean meal, soy oil, oats, and rice.

RISK MANAGEMENT

The Plutus Grain Strategy primarily expresses trading views through spreads in order to reduce volatility. Approximately 90% of Plutus’s positions utilize futures spreads, some of which are described in the diagram on the right.

Plutus may take positions in the futures and or options markets when market conditions meet our risk parameters. The strategy generally maintains a sub-5% margin-to-equity ratio, and never exceeds 10%.

Plutus does not sell naked options.

ABOUT THE MANAGER


Jerod Leman

Portfolio Manager

Jerod Leman is the principal trader and portfolio manager for the Plutus Grain Strategy and the Tauros Livestock Strategy. He also continues to structure cash market hedges for end users and producers of agricultural products at Wellington Commodities.

Mr. Leman was born and raised on a farm in Indiana. He graduated from Purdue University with a Bachelors Degree in Agricultural Economics. Mr. Leman brings a real world meets higher education approach to trading agricultural strategies.

Previous to running these two strategies, Mr. Leman held the position of Hedge Account Executive at Overmeyer Commodities, Commercial Hedgings. He was also involved in Direct-Ship Cash Grain with Starke Indy Direct.

PROGRAM INFORMATION

TEAR SHEET

TEAR SHEET

DDQ

DDQ

DECK

DECK

ACCOUNT OPENING DOCUMENTS

ADVISOR AGREEMENT

ADVISOR AGREEMENT

DISCLOSURE DOCUMENT

DISCLOSURE DOCUMENT

GROSS DAILY DATA

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Data displayed on the Client Portal is an approximation of the overall gross valuations of the alternative investment vehicles operated by Typhon Capital Management. Data displayed is from live trading accounts controlled by the firm net of commissions but gross of management and incentive fees and fund expenses. Please see each strategy’s one-page performance summary and disclosure documents for performance net of fees and accounting notes. Data may vary from those of client accounts due to variances in commission rates. The data displayed may not reflect trades executed by each vehicle’s respective investment manager and not yet received by the vehicle’s clearing firm and is delayed by at least five minutes. Any data displayed is for informational purposes only. Investment in any Typhon product is limited to Qualified Eligible Participants only. Past performance is not necessarily indicative of future returns.