Different Fund managers have various requirements from there asset managers

For our client he has the following requirements:-

A good start to trading his account, a poor start can leave a sour taste in the mouths of investors and so decrease the level of success he has in raising capital for a product.

So for a non-margined account he likes to see no more than 5% drawdown - 10% peek to value at any time and an equity stop of no more than 15%