KMJ’s Currency Program Delivers in ‘06

Feb 9 2007 | 10:08am ET

Crystal Lake, Ill.-based KMJ Capital Management’s 11-year-old KMJ Currency program, which only trades the major G-7 currencies on a discretionary basis, returned 28.78% to investors last year. However, last month the program was down 0.05% ending eight consecutive months of positive returns. It is currently managing some $40 million in assets. 

The program’s trading approach is short to medium term with trades ranging from four days to nine weeks, according to firm documents. It does not rely on trends for profitability and, unlike many trend following programs, KMJ Currency tends to go flat or have a slow decline during unprofitable periods.

The program is included on Skandinaviska Enskilda Banken’s FX Managed Alpha Product platform, the Parker Global FX Index and the AlphaMetrix Mosaic Platform. It charges fees of 2% for management and 20% for performance and has a $500,000 minimum investment requirement.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note