Mon, 17/10/2005 - 07:11
Monarch Capital has chosen Pinnacle Alternative Investments to spearhead the introduction of its top performing currency strategy to institutional investors.
The FX Multi-Strategy Program (FXMS) is also being targeted at high net worth investors in the US and Europe.
FXMS is a proprietary Forex currency strategy that seeks to create a hedge against the valuation/devaluation of US Dollar assets, while offering speculative opportunities to profit from short term swings among varying cross-rates of foreign currency using multiple strategies that are non-correlated to each other and most peer group benchmark indices. The program employs several customised risk management tools to control returns volatility and equity draw-downs.
Clarkson Jones III, President of Monarch, has been a operating in the Forex space since 1994. He majored in both mathematics and physics while attending Winthrop University and The York Technical Institute from 1986 to 1991.
During his career as Civil Engineer (1991-1994) Jones developed several currency trading strategies that eventually lead to the establishment of a set of objective rules for initiating and exiting trades, using systems-based strategies and certain artificial intelligence programs to extract premium from major Forex currency pairs. Rating agencies such as The Barclay Trading Group and AutumnGold, have consistently ranked Monarch among the top 5 currency traders in the industry over the last three years.
The average annual compounded return for the FXMS over the last 5 years is 63.13 per cent. Monarch currently has AUM of USD 4.8 million, with returns for September recently reported at 7.95 per cent.
Pinnacle Alternative Investments LLC (a Houston-based marketing CTA and manager) provides investment management and marketing services to new, emerging and established commodity trading advisors, as well as individual and institutional investors.
In coming to an agreement to bring more exposure for the FXMS strategy in the institutional investor marketplace, both Jones and Pinnacle have agreed that the FXMS is capable of accepting and managing in excess of USD 250 million over the next 24-36 months without affecting the performance of the strategy. Both parties also agree to and are currently looking into a fund structure (domestic and offshore) for the strategy.
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