Meyer Capital Suffers First Losing Year

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.

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