British Virgin Islands-based investment manager Bluenose Capital Management is on schedule to launch its managed foreign exchange programme, Bluenose FX, on 1 November.
The systematic forex programme is aimed at US qualified eligible persons as defined within CFTC rule 4.7 and non-US nationals.
The programme will be made available on a managed account platform at Interactive Brokers.
The objective is to generate an annualized compound rate of return of 15 per cent with lower downside volatility versus the S&P 500 and Barclay CTA Index benchmarks.
Using proprietary fuzzy adaptive models, Bluenose FX will engage in short-term mean-reversion strategies trading highly liquid currency pairs in the interbank market.
Bluenose’s JS Pelletier will be at the helm of Bluenose FX.
