Performance Disclosure
Important Notice
Neither this page nor its content constitute a solicitation or offer to invest in an account, fund, security, or any other instrument advised or managed by Crossline GmbH.
Crossline GmbH has taken reasonable care to ensure that all return and performance statistics included in its marketing materials are fair and accurate. Nevertheless, Crossline GmbH does not make any representation or warranty, express or implied, as to the accuracy or completeness of such return and performance reporting. The information may not in all cases be current and is subject to change on an ongoing basis. Crossline GmbH shall not be liable for any direct, indirect or consequential loss arising from any use of or reliance on the information contained in its marketing materials.
Past performance is not necessarily indicative of future results.
Our trading programs and funds involve a high degree of risk and leverage. There can be no assurance that investors will receive a positive return on their capital. In addition, the performance of our trading programs and funds is volatile and will likely vary substantially on a monthly, quarterly, or annual basis.
Performance Data and Return Calculation Disclosure
The following information is an important and integral part of our return and performance reporting. When we report performance and return information, e.g., in presentations, factsheets, or other marketing materials, the following applies unless indicated otherwise:
For the Takahē Global Quantitative Fund:
Since and including June 2023, all return and performance information is based on the net return of the Takahē Global Quantitative Fund (Class A, USD), a segregated series within Argos Alternative Funds, LLC (Delaware).
Prior to June 2023, for the period between November 2017 and May 2023, both months included, all return and performance information is based on the results of the Takahē Global Quantitative Program. The Takahē Global Quantitative Program shows the results of proprietary USD-denominated trading accounts of Moritz Seibert, the CEO of Crossline GmbH. It stopped trading on 31 May 2023 and is now inactive. The proprietary results include all trading profits and losses, all transaction costs, all account-related fees, as well as pro forma 1.5% p.a. management fee and 20% performance fee using a calendar quarter-end high water mark. Broker interest on margin and account balances is included. However, interest on excess cash, i.e., on collateral or cash not deposited with the broker, is excluded. Taxes are not considered. The proprietary trading results are verified for the period November 2022 to May 2023. Prior results are unverified.
For the Takahē Systematic Trend Program and the Takahē Spread Momentum Program:
To include the trading results of all client accounts, a USD-denominated composite reporting format is used since and including June 2023. This is a pro forma format which does not consider the actual terms and conditions of individual clients’ accounts. The composite performance is net of 1.5% p.a. management fee and 20% performance fee using a calendar quarter-end high water mark and includes all trading profits and all transaction costs. Broker interest on margin and account balances is not included. Instead, the composite account equity is assumed to earn 75% of the 90-day U.S. treasury bill rate. Taxes are not considered.
Prior to June 2023, for the period between November 2017 and May 2023, both months included, all return and performance information is based on the results of proprietary USD-denominated trading accounts of Moritz Seibert, the CEO of Crossline GmbH. The proprietary results include all trading profits and losses, all transaction costs, all account-related fees, as well as pro forma 1.5% p.a. management fee and 20% performance fee using a calendar quarter-end high water mark. Broker interest on margin and account balances is included. However, interest on excess cash, i.e., on collateral or cash not deposited with the broker, is excluded. Taxes are not considered. The proprietary trading results are verified for the period November 2022 to May 2023. Prior results are unverified.
The inception date for all trading programs is 1 November 2017.