Disclaimer: Estimates and projections contained herein represent the views of the writer, and are based on assumptions which the writer believes to be reasonable. This information is given as of the date appearing on this report, and the writer and Blackheath assume no obligation to update the information or advise on further developments relating to securities. The material contained herein is for information purposes only. This material is not intended to be relied upon as a forecast, research or investment advice, and is not to be construed as an offer or solicitation for the sale or purchase of securities or as a recommendation for you to engage in any transaction involving the purchase of any Blackheath product. Important information about Blackheath products are contained in their Disclosure Documents and/or Offering Memoranda.

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May 2017

May, 10 2017 1:00 PM
Levente Mady
Composite, Pro-Forma Performance
Monthly Net Return*: 1.35%

*These results are based on the net returns of the strategy. Please refer to the note below for a description of how these returns are calculated.

The US bond market continued to trade in a narrow trading range. The Long end of...

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April 2017


Apr, 11 2017 9:30 AM
Levente Mady
Composite, Pro-Forma Performance
Monthly Net Return*: -2.52%
*These results are based on the net returns of the strategy. Please refer to the note below for a description of how these returns are calculated. The US bond market continued to trade in a narrow range. The long end...

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March 2017


Mar, 8 2017 5:00 PM
Levente Mady
Composite, Pro-Forma Performance
Monthly Net Return*: 0.66%
*These results are based on the net returns of the strategy. Please refer to the note below for a description of how these returns are calculated. The US bond market continued to trade in a similar pattern in February to what was...

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February 2017


Feb, 9 2017 4:00 PM
Levente Mady
Composite, Pro-Forma Performance
Monthly Net Return*: -0.53%
*These results are based on the net returns of the strategy. Please refer to the note below for a description of how these returns are calculated. The US bond market registered its fourth negative performance in a row last month. The Long...

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January 2017


Jan, 10 2017 9:00 AM
Levente Mady
Composite, Pro-Forma Performance
Monthly Net Return*: 3.36%
*These results are based on the net returns of the strategy. Please refer to the note below for a description of how these returns are calculated. The US bond market registered its fourth negative performance in a row last month. The Long...

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COMMODITY TRADING INVOLVES SUBSTANTIAL RISK OF LOSS.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.