Wednesday, 23 July 2014
Last updated 13 hours ago
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.
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…