Mortgage Exec. Launches Multi-Strat Futures Fund

Jun 5 2007 | 2:05pm ET

Jang Ho Joo, a veteran mortgage company executive, and Delta Exchange Co., a Korean trading software and black-box type trading program developer, have launched a multi-strategy fund.  The Delta Futures Fund began trading in March and is up 1.36% through May.

The Delta fund trades the energy, metals, equity index, interest rate and currency futures markets, and its current portfolio is geared more toward commodities than financial futures, according to the firm. The trend-following fund also incorporates counter-trend-following and pattern analysis into its trading model. It uses multiple time frames such as intra-day, short-, mid- and long-term for its investments.

The Delta Fund, which currently manages some $2.5 million in assets, charges fees of 2% for management and 20% for performance, with a $100,000 minimum investment requirement.

Joo worked at several mortgage companies including American National Mortgage, Enterprise Mortgage and Capital Home Funding before trading Korea Stock Index futures at DELTA Exchange in South Korea. His trading focused on the intra-market spreading of index futures and options.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note