Skandinaviska Enskilda Banken (SEB) has chosen Monarch Capital Management as a manager in its FX Managed Alpha Product (FX MAP) currency platform.
The MAP is designed to offer professional and institutional investors an opportunity to screen and invest in currency alpha managers that meet the stringent criteria required by SEB and applied by Mellon Analytics Solutions, consultant for MAP. Access to programs such as Monarch's FX Multi-Strategy Currency Program (FXMS) is facilitated in fully disclosed and liquid manner.
Monarch is now one of only 60 or so currency managers globally to have been selected by SEB, and the firm believes this will help it to continue to gain the respect of top institutional banks and prime brokers both in the US and Europe. FXMS has enjoyed considerable success over the last four years and Monarch president Clarkson Jones III (President) is committed to building and maintaining the front/back office infrastructure required to grow the manager to USD 250 million over the next three years.
Background notes: Monarch Capital Management Inc is a professional Commodity Trading Advisor headquartered in Charlotte, North Carolina and manages the highly successful 'FXMS Currency Program', a proprietary Spot 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 customized risk management tools to control returns volatility and equity draw-downs.