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

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.