March 2024

Aenaon Investments SA

Aenaon Syncro Equities - Vanilla

General Information

Minimum Investment	100,000 USD
AUM	2,000,000 USD
Management Fee	2.00%
Performance Fee	20.00%
Highwater Mark	Yes
RT per Million	-
Margin to Equity	-
Legal Structure	Managed Account or Fund
Investment Restriction	US Only
Inv. Style	Short to Medium Term/Technical

General Information

Company	Aenaon Investments SA
Principal	Anastasios Skordakis
Phone	+30 210 5779 238
E-mail	[email protected]
Performance Compiled by	Deloitte

Monthly Performance

Export Data

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year
2024	0.70	0.70	0.84										2.26
2023	0.12	0.33	-0.54	0.40	0.92	0.39	1.06	0.97	-0.07	1.34	-0.64	1.02	5.41
2022	1.24	-0.88	1.72	0.92	1.92	1.16	2.37	1.40	1.07	1.95	0.93	0.34	15.05
2021	0.96	1.56	-0.99	1.50	-0.54	1.92	1.57	2.35	1.52	-0.46	-0.93	0.80	9.58
2020	16.78_A	1.04_A	-2.98_A	-5.56_A	4.09_A	-0.01_A	2.09	-0.77	1.25	2.45	3.14	1.47	23.75
2019	6.43_B	-2.63_B	7.40_B	-1.91_B	-1.19_A	-0.32_A	-4.69_A	3.97_A	0.70_A	4.39_A	4.99_A	-0.18_A	17.39
2018	7.31_B	16.68_B	7.93_B	2.04_B	0.65_B	-2.52_B	-2.71_B	1.18_B	-3.29_B	0.90_B	2.47_B	0.20_B	33.43
2017	3.77_B	2.23_B	-0.34_B	-1.16_B	-4.14_B	6.23_B	7.32_B	2.02_B	1.05_B	-2.74_B	3.69_B	4.49_B	24.06

*Returns are based on proforma adjustments to a proprietary account to reflect fees. Client accounts will be traded in like fashion.

Strategy Description

AENAON Syncro Equities uses a speculative investment strategy that looks for pairs of assets that historically have moved together and tries to exploit cases of relative mispricing. More specifically, it assumes that a long-term pricing relationship exists between the two stocks and that the time series of their price spread is stationary.

Statistics

Last Month	0.84%
Year To Date	2.26%
3 Month ROR	2.26%
12 Months ROR	7.88%
36 Month ROR	33.85%
Total Return Cumulative	226.77%
Total Return Annualized	17.74%
Winning Months (%)	71.26%
Average Winning Month	2.68%
Average Losing Month	-1.69%

Statistics

Sharpe Ratio	1.43
Sortino Ratio	3.90
Sterling Ratio	0.94
Calmar Ratio	7.37
Skewness	2.03
Kurtosis	7.67
Max Drawdown (Monthly)	-8.37%
Standard Deviation Monthly	3.46%
Downside Deviation	1.22%
Correlation vs S&P 500	-0.03
VAMI 1k	3267.73

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Fund Manager

Anastasios (Tasos) Skordakis is the founder of AENAON Markets and Chief Executive Officer since inception. Tasos is an experienced multi-disciplinary business leader with successful ventures in finance, technology, e-commerce and construction industry. His personal interest in the financial markets has led him to found AENAON Markets, where he is responsible for the company’s business strategy while he has been involved in the design and creation of its investment modules from day one. Tasos holds a BA in Business Studies from the London Guildhall University and a MSc in Information Technology from the University College London.

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No.	Depth (%)	Length (Months)	Recovery (Months)	Start date	End date
Fund	Index	Fund	Index	Fund	Index	Fund	Index	Fund	Index
1	-8.37%	-	2	-	6	-	03/2020	-	10/2020	-
2	-7.92%	-	4	-	3	-	04/2019	-	10/2019	-
3	-7.20%	-	4	-	4	-	06/2018	-	01/2019	-
4	-5.57%	-	3	-	1	-	03/2017	-	06/2017	-
5	-2.74%	-	1	-	1	-	10/2017	-	11/2017	-

Return Report

Period	Best	Worst	Average	Median	Last	Winning %
1 Month	16.78%	-5.56%	1.43%	1.02%	0.84%	71.26%
3 Months	35.14%	-7.42%	4.36%	2.44%	2.26%	81.18%
6 Months	49.40%	-5.76%	9.12%	6.45%	4.01%	90.24%
1 Year	71.89%	3.71%	19.10%	14.03%	7.88%	100.00%
2 Years	78.27%	15.33%	37.96%	33.38%	21.48%	100.00%
3 Years	118.69%	31.42%	62.67%	56.12%	33.85%	100.00%
5 Years	176.20%	77.36%	120.93%	112.73%	77.36%	100.00%

Up Capture vs. Credit Suisse Event Driven

Down Capture vs. Credit Suisse Event Driven

Drawdown

Volatility (12 Months Rolling)

Time Window Analysis

	1 Month	3 Months	6 Months	1 Year	2 Years	3 Years
Average ROR	17.74%	62.35%	170.61%	650.98%	4278.66%	29634.26%
% Positive	71.26%	81.18%	90.24%	100.00%	100.00%	100.00%
Avg. Pos. Period	2.68%	6.03%	10.49%	19.10%	37.96%	62.67%
Avg. Neg. Period	-1.69%	-2.86%	-3.52%	-	-	-
Sharpe Ratio	1.43	2.05	2.95	4.53	7.95	8.39
Sortino Ratio	3.90	8.81	25.38	0.00	0.00	0.00
Standard Deviation	3.46%	7.37%	10.71%	14.61%	16.53%	25.89%
Downside Deviation	1.22%	1.62%	1.18%	0.00%	0.00%	0.00%

Instruments

A - Audited by Deloitte Cyprus Ltd

Risk Warning: This information is not considered as investment advice or investment recommendation but instead a marketing communication. The Company is not responsible for any loss arising from any information herein contained. Past performance does not guarantee or predict any future performance. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. Seek independent advice if necessary.
Aenaon Markets builds specialized software for FinTech companies, financial institutions, robo advisors, wealth and asset managment firms.