Thursday, 29 September 2016
Last updated 4 hours ago
Feb 7 2007 | 12:27pm ET
Barrington, Ill.-based Meyer Capital Management had its first losing year in 2006 following seven consecutive years of positive returns, dating to its inception in January 1999. The firm’s Diversified Program, a systematic, diversified futures strategy, fell 11.25% last year.
Meyer’s drawdown was a chink in an otherwise robust strategy, which has achieved annualized returns of 15.31%. It reported assets under management of some $135 million at the end of December.
The program uses technical and quantitative analysis and employs both long-term trend following and short-term counter-trend trading strategies to a diverse portfolio of futures markets, according to Meyer’s disclosure documents.
James Meyer, a former trader on the floor of the Chicago Mercantile Exchange for Shearson Lehman Brothers and Linnco Futures, founded Meyer Capital in 1998.