Former Integra Trader Launches FX Program

Jul 18 2007 | 2:05pm ET

St. Augustine, Florida-based trading advisor Logic Fund Management recently launched a G-7 currency trading program. The systematic offering, AlphaFX, is up 1.37% in its first three months of trading and is currently managing $5 million in assets.

According to the firm’s disclosure documents, AlphaFX’s model was developed to “capitalize on opportunities that exist from the positioning of market participants surrounding economic data releases and highly liquid trading periods.” Its entry and exit signals are “within the context of a modified day defined through extensive statistical and historical analysis.”

The program charges 2% for management and 20% for performance, with a $1 million minimum investment requirement. It is targeting 15% to 20% returns annually with standard deviation of less than 7%.

Bryan Rich founded Logic in February after serving as a senior trader for Integra Investment Management, a $750 million global macro hedge fund shop. Prior to Integra, Rich also served as a partner at Coe Capital, a currency futures managed futures shop.

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