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| Capricorn fxST Programs | » Back | | | | Our short-term, discretionary strategy was first launched January 1999, and is available in three different leverage programs.
Components Traded:
Instruments Traded:
Trading Strategy:
Investment Vehicles:
fxST:
fxST (MAP):
fxST (VOL+): | Currency Majors
Spot FX and Overnights
Discretionary, Short Term
Managed Account only
Leverage 0.5 (Ave.)
Leverage 1.0 (Ave.)
Leverage 4.0 (Ave.) |
| | | Program Description | |
Capricorn fxST aims to profit from short term moves in the currency markets. To achieve this, the firm employs a technical and discretion trading approach to currency investment management; an approach that seeks short term intra-week investment opportunities.
In order to achieve the strategy return goals, the investment team utilizes the trading approach to seek opportunities by pair trading the G-10 currencies against either the Dollar or Euro. This involves taking a directional position in a particular currency while simultaneously taking the opposite position in another currency, in an attempt to take advantage of relative valuation differences between the two. The instruments traded include spot FX, forwards, and options, with trading possibilities in both the OTC and Futures marketplace. Technical analysis is applied to provide an impression of the market pattern, level, volatility, strength, etc and potential investment cases. Discretionary judgment is utilized for interpreting technical signals, understanding the market psychology and behavior, controlling trade and investment risk and optimizing the timing element of the strategy implementation.
| | | Investment Process | |
Applying a 5 stage process to search for pure alpha opportunities in the G-10 currency markets, the team utilises technical analysis combined with discretionary judgement. The investment process is designed to channel the best trading ideas in the model portfolio which is then mirrored into client accounts.
The procedure is initiated by assessing the key developments in the global equity markets, and the possible impact of major macro-economic or political events on the market environment. An Analysis is then made on the overnight movements of the G-10 currencies and the Dollar index, to develop a technical picture of the currency market pattern and the probability of it continuing in the short term. Our discretionary views are then used in the second stage of the process to interpret the signals and understand the market psychology. At this stage the investment manager has an informed opinion of the market and the prevalent risks, so the strategy is built in the third stage by utilising specific trading styles, instruments and leverage factors. In the fourth stage of the process the trade idea is evaluated before being implemented into the model portfolio, within the pre-determined parameters defined by the strategy and methodology. Finally, the position is monitored and re-evaluated should the market conditions change before being closed. |
» For more information please register here. |
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