Forex Trading Firm Targets Small Hedge Funds

Jun 30 2006 | 6:15pm ET

Alternative Trading Capital Management is stepping up its marketing efforts in an attempt to attract more alternative investment firms as clients.

"We're targeting small hedge funds," said Vaughn Townsend, a principal at the firm.  "If they have enough capital and they are interested in diversifying, Peter [Bokma] can handle all of their [Forex] trading needs."

Townsend teamed up with Bokma 19 months ago to launch ATCM, and since that time the two been working on building up a track record. Thus far the firm has seen gains averaging 5% per month after fees, which are 30% of profits.

"[Bokma] understands the fundamentals and the technical side of the market," said Townsend. "He comes from inside the banking world." Bokma has spent 28 years trading foreign exchange, including managing money for Banc of America, Chase and BNP Paribas.

The firm, which trades in 15 different currencies, now has approximately $6 million in assets under management.

"We are aiming for $100 million by the end of the year," Townsend said.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

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

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.