Trading Profits definition
Trading Profits. An investment objective of Trading Profits indicates you seek to take advantage of short-term trading opportunities, which may involve establishing and liquidating positions quickly. Some examples of typical investments might include short-term purchases and sales of volatile or low priced common stocks, put or call options, spreads, straddles and/or combinations on equities or indexes. This is a high-risk strategy.
Trading Profits means net futures interests trading profits (realized and unrealized) earned on the Partnership's Net Assets allocated to the Trading Advisor, decreased by the Trading Advisor's monthly management fees and a pro rata portion of the monthly brokerage fee relating to the Trading Advisor's allocated Net Assets; with such trading profits and items of decrease determined from the end of the last calendar month in which an incentive fee was earned by the Trading Advisor or, if no incentive fee has been earned previously by the Trading Advisor, from the date that the Partnership commenced trading to the end of the month as of which such incentive fee calculation is being made. No incentive fee will be paid on interest income earned by the Partnership.
Trading Profits means net futures interests trading profits (realized and unrealized) earned on the portion of the Partnership's Net Assets allocated to the Trading Advisor, decreased by the Trading Advisor's monthly management fees, and a pro rata portion of the brokerage fees and any transaction fees and costs relating to the Trading Advisor's allocated Net Assets, if any, not included in the brokerage fees; with such trading profits and items of decrease determined from the end of the last calendar month in which an incentive fee was earned by the Trading Advisor or, if no incentive fee has been earned previously by the Trading Advisor, from the date that the Partnership begins to receive trading advice from the Trading Advisor pursuant to this Agreement to the end of the month as of which such incentive fee calculation is being made. Extraordinary expenses of the Partnership, if any, will not be deducted in determining Trading Profits. No incentive fee will be paid on interest income earned by the Partnership.
Examples of Trading Profits in a sentence
In calculating New High Net Trading Profits, incentive fees paid for a previous Incentive Measurement Period will not reduce cumulative New High Net Trading Profits in subsequent periods.
Except as set forth below, net losses from prior quarters must be recouped before New High Net Trading Profits can again be generated.
Client agrees to pay Advisor a quarterly incentive fee consisting of 20% of New High Trading Profits, if any, for each calendar quarter.
New High Net Trading Profits will be generated only to the extent that the Advisor’s cumulative New High Net Trading Profits exceed the highest level of cumulative New High Net Trading Profits achieved by the Advisor as of a previous Incentive Measurement Date.
New High Net Trading Profits will not include interest earned or credited on the Allocated Assets.
More Definitions of Trading Profits
Trading Profits means net futures interests trading profits (realized and unrealized) earned on the Partnership’s Net Assets, decreased by the monthly management fees and brokerage fees; with such trading profits and items of decrease determined from the end of the last calendar month in which an incentive fee was earned by the Trading Advisor or, if no incentive fee has been earned previously by the Trading Advisor, from the date that the Partnership begins to receive trading advice from the Trading Advisor pursuant to this Agreement to the end of the month as of which such incentive fee calculation is being made. Extraordinary expenses of the Partnership, if any, will not be deducted in determining Trading Profits. No incentive fee will be paid on interest income earned by the Partnership.
Trading Profits are the sum of: (i) the net of all realized profits and losses on commodity positions liquidated in the Account during the quarter, plus (ii) the net of all unrealized profits and losses net of accrued brokerage commissions on Account commodity positions open as of the quarter-end; minus: (iii) the net of all unrealized profits and losses on Account commodity positions open at the end of the previous quarter-end, and (iv) any cumulative net realized losses (which shall not include incentive fee expenses) from the Advisor's trading of the Account carried forward from all previous quarters since the last quarter for which an incentive fee was payable to the Advisor, and (v) any management fees paid or accrued to the Advisor. Trading Profits will be calculated solely on the basis of Fund assets allocated to the Advisor.
Trading Profits are the sum of: (i) the net of all realized profits and losses on Account commodity positions liquidated during the quarter, plus (ii) the net of all unrealized profits and losses net of accrued brokerage commissions, NFA fees and give up fees on Account commodity positions open as of the quarter-end, minus: (iii) the net of all unrealized profits and losses on Account commodity positions open at the end of the previous quarter-end, and (iv) any cumulative net realized losses (which shall not include incentive fee expenses) from the Advisor’s trading of the Account carried forward from all previous quarters since the last quarter for which an incentive fee was payable to the Advisor, and (v) any fees or expenses of the Account, including all expenses of the Partnership of whatever category (except for accrued incentive fees) paid or accrued. Trading Profits shall not include interest income earned in the Account. Trading Profits shall be calculated on the basis of assets allocated to the Trading Advisor. In determining “Trading Profits”, any trading losses generated by the Advisor for the Partnership in prior periods are carried forward, so that the incentive fee is paid only if and to the extent the profits generated by the Advisor for the period exceed any losses (excluding losses relating to redeemed Units) from prior periods. The loss carry-forward is proportionally reduced if and to the extent the Partnership reduces the amount of assets allocated to the Advisor during a period that a loss carry-forward exists.
Trading Profits. , in relation to a CFC, means any profits included in the CFC's assumed total profits for the accounting period in question on the basis that they would be chargeable to corporation tax under Part 3 of CTA 2009 (trading income),
Trading Profits means net futures interests trading profits (realized and unrealized) earned on the Partnership's Net Assets, decreased by the monthly management fees, brokerage fees and any transaction fees and costs, if any, not included in the brokerage fees; with such trading profits and items of decrease determined from the end of the last calendar month in which an incentive fee was earned by the Trading Advisor or, if no incentive fee has been earned previously by the Trading Advisor, from the date that the Partnership commenced trading to the end of the month as of which such incentive fee calculation is being made. Extraordinary expenses of the Partnership, if any, will not be deducted in determining Trading Profits. No incentive fee will be paid on interest income earned by the Partnership.
Trading Profits equals any profits earned from the futures trading of the Onshore Fund and the Offshore Fund, determined separately, in each case after deduction for all fees and expenses incurred by the Onshore Fund and the Offshore Fund, respectively, other than the Incentive Fee itself.
Trading Profits means futures interests trading profits (realized and unrealized) earned by the Partnership, decreased by monthly management fees and brokerage fees; with such trading profits and items of decrease determined from the end of the last calendar year for which an incentive fee was earned by the Trading Advisor or, if no incentive fee has been earned previously by the Trading Advisor, from the date the Partnership commenced trading to the end of the calendar year as of which such incentive fee calculation is being made. If Net Assets are reduced or increased because of redemptions or subscriptions which occur at the end of, or subsequent to, a calendar year in which the Partnership experiences a futures interests trading loss, the trading loss which must be recovered before the Partnership will be deemed to experience Trading Profits will be equal to the amount determined by (x) dividing Net Assets after such redemptions or subscriptions by the Net Assets immediately before such redemptions or subscriptions and (y) multiplying that fraction by the amount of the unrecovered futures interests trading loss. In the event that the Partnership experiences a futures interests trading loss in more than one fiscal year without an intervening payment of an incentive fee and Net Assets are reduced or increased in more than one such calendar year because of redemptions or subscriptions, then the trading loss shall in each case be adjusted in accordance with the formula described above and such adjusted amount of futures interests trading loss shall be carried forward and used to offset subsequent futures interests contract trading profits. Extraordinary expenses of the Partnership, if any, will not be deducted in determining Trading Profits. Trading Profits do not include interest income earned by the Partnership on its assets.