gecco
Managed Forex Update
We have a few items to talk about. First is CAM seems to be on a roll. He's got his office set up and his staff in place, technology ready and he can focus on trading. Good for account balances from what I can see. He's broken the PFG trading out as a separate program, similar to the others with a goal of 2% a month on average with 5% max drawdown there. Also trades at a major bank with FDIC insured deposits, so can do there as well in his other two programs. Click here to see results..
Looking at a few new Forex managers as always, nothing yet, one out of NYC who is backed by some major players that came to us through some FCM folks we know working the trading desks.
SFX a positive month last month, hope this month will follow suit and take us to new highs, we shall see what develops.
Broadbeach CPO formed so will be able to take funds and aggregate them and make it much easier on clients and on us in terms of opening accounts at all the different FCMs. It will also make it possible for us to get into the bigger firms such as Barclays and Citi and those where we can really take the strategy large with access to bigger liquidity. Let us know if this is of interest. They finished the month up over 4%.
Gecco looking good, allocating to them soon. Numbers look good and we've checked them out on a few different levels.
Servizi Finanziari tells us the have revamped their strategies after a bunch of hard work and have made money the last two months. We'll see what happens there.
Stryder down 2.5% last month, bummer on that one. Duster flattish the last week or so. Stryder starting up on some ETFs - which are much more volatile which suits Stryder. We'll see how that goes, looking good so far and backtests have been excellent.
RTI started trading again this month, first day down 1%, we'll see how he does.
Genoa has a new system they've been running on demo for about six weeks with solid results. We'll see how that goes when it is live as this is about the fourth time we've heard this only to watch the systems fail when traded on real money.