Monday, 28 July 2014
Last updated 6 hours ago
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.
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…