Get Started
Back to Insights
Performance reports

Third quarter 2024: Classic Diversified and Classic Stable

1 October 2024

Line chart of return over the third quarter of 2024 for Classic Diversified and Classic Stable against Bitcoin.
Return since 30 June 2024, gross of fees, daily, as of 30 September 2024.

Classic Diversified returned +22.06% in the third quarter of 2024 and Classic Stable +17.01%. Bitcoin returned +0.88% over the same quarter, so both strategies finished well ahead of it.

The quarter

Third quarter 2024
Strategy Return, 1 July to 30 September
Classic Diversified +22.06%
Classic Stable +17.01%
Bitcoin +0.88%
BITA Crypto 10 −6.31%
Close of 30 June to close of 30 September 2024 (UTC), gross of fees.

The BITA Crypto 10 index, which follows the ten largest crypto-assets by market capitalisation, returned −6.31% over the quarter. Algotoria uses it as the benchmark most relevant to its strategies.

Year to date

Year to date
Strategy 1 January to 30 September 2024
Classic Diversified +135.30%
Classic Stable +109.24%
Month-end basis, gross of fees.

From 1 January to 30 September 2024, Classic Diversified returned +135.30% and Classic Stable +109.24%. Bitcoin returned +43% since 1 January 2024.

Quarterly figures vary. The strategies should be judged over a period long enough for both quiet and strong markets to count, not by a single quarter.

Get Started

Typical onboarding takes one business day, plus the international bank transfer if you fund from fiat.

Start a conversation

Tell us a little about yourself and a co-founder will reply within one business day.

By submitting, you agree we may contact you at the details above. We do not share your data with third parties. For qualified investors only. We keep enquiry details for 12 months if they do not lead to a relationship. See our Privacy Notice at algotoria.com/privacy.

How is performance measured? Why does my exchange dashboard show a different number?

Daily time-weighted returns (TWR) with compounding, computed from the unrealised margin balance of each strategy's reference portfolio, denominated in USDT and rebased to 0.00% on 1 January 2024 for the public chart. TWR is the industry-standard methodology that eliminates the distortive effect of capital movements (deposits and withdrawals) on the percentage return. Exchange dashboards (OKX, Binance, Bybit) use simplified estimation methods that do not properly handle transfers, so their headline percentage will differ. The absolute dollar-denominated P&L on the exchange dashboard remains correct; only the percentage is affected.

What is the fee structure, and how does the high-water mark work?

Zero management fee, zero entry fee. A quarterly performance fee of 25–30% (tiered by allocation size) on Net Trading Profits above a rolling high-water mark. Formula: P = E − MAX(B, HW) − I, where E is the ending balance, B is the starting balance, HW is the rolling high-water mark, and I is net inflows/outflows. If the account falls below the HWM, no fees are levied until the deficit is fully recovered through trading gains. Clawbacks are explicitly not applied. Classic Diversified and Classic Stable both use the NAV-based variant (AMA §1.1.18(a)); the Isolated USDT variant (§1.1.18(b)) applies only to Custom-Collateral accounts. Fee tiering is documented in Exhibit 1 of the Asset Management Agreement.

How can I independently verify the live track record?

Via TradeLink Passport, which streams each strategy's reference portfolio through a read-only exchange API. Links to the Classic Diversified and Classic Stable portfolios are on the Classic Diversified and Classic Stable pages. On request, Algotoria will additionally provision read-only API keys to your designated auditor or verification platform, giving direct access to the full trade history and daily return series on the underlying exchange accounts — so you can reconstruct and verify every published metric without relying on firm-generated reports.

What drawdowns should I realistically expect?

Typical annual drawdowns of 20–25% on Algotoria Classic Stable, 15–30% on Algotoria Classic Diversified. Historical back-tests reached 30%. Drawdowns beyond these ranges trigger a formal Investment Committee review.

All drawdown figures quoted on this site — and the agreed drawdown budget selected during onboarding — are measured on the gross trading-account return curve, before deduction of Algotoria's quarterly performance fee. Net-of-fee drawdowns experienced by the investor are larger by construction. Worked example: for Algotoria Classic Stable over 2024-01-01 → 2026-09-30, the adjusted maximum drawdown is −24.7% gross, −30.2% net of a 25% fee, and −31.3% net of a 30% fee.

See the full due-diligence FAQ for 50+ additional questions.
Algotoria Limited is a BVI-regulated Approved Investment Manager under the Securities and Investment Business Act, 2010. The content on this page is informational and does not constitute an offer to sell securities or investment advice. Services are available to qualified investors only. Past performance is not indicative of future results.