KMJ Gains On Currency Shorts

Aug 24 2007 | 10:55am ET

Shorting the sub-prime market is not the only way to make money these days. Crystal Lake, Ill.-based KMJ Capital Management’s $51 million KMJ Currency program is up 14.7% in August benefiting from bets in the currency market.

Ken Jakubzak, portfolio manager, profited from short positions in both the Australian and New Zealand Dollar, according to a source familiar with the firm. “He sees more opportunity ahead, despite the Fed intervention and believes the market turmoil will continue well into the end of the year,” said the source.

The KMJ Currency Program trades international currency markets using a combination of quantitative analytics and macroeconomic research. Its methodology is relatively short-term and highly opportunistic, and does not rely on trends for profit. It returned 28.8% to investors last year.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note