Opalesque Industry Update - PJM Capital, the $250mm Washington, D.C. based quantitative CTA trend follower, has announced plans to launch a new 2X programme in January 2011. The new programme aims to take advantage of the comparatively lower levels of volatility demonstrated by PJM's existing programme in order to provide institutional investors with the opportunity to access a higher yielding profile.|
Ahead of the launch, Signature Advisors (the single manager marketing division of Kenmar Global Investment Management (UK) Ltd, Kenmar’s wholly-owned and FSA registered marketing affiliate in the UK) has invited Dr. Peter Matthews, the Portfolio Manager and Founder of PJM Capital, to London to present his philosophy on investment markets to a number of selected institutional investors. Prior to establishing PJM Capital, Dr Matthews was a Founding Partner and the Chief Portfolio Strategist at Mint Investment Management Company (1984-2000), the first CTA to exceed USD $1bn in AUM in 1991, where he was responsible for creating their trading systems.
According to Mr Stephen Kingham, Managing Director and head of marketing at Signature Advisors, "We are delighted to be working with an industry pioneer in the managed futures space. PJM's state of the art risk management systems coupled with Peter Matthews’ unique Scientific Approach to Trading allows institutional investors to access to a 2X programme with a risk profile in line with the typical trend following programme but with the potential for comparatively greater upside returns".
The 2X programme is expected to be available via Kenmar's Institutional ClariTy Managed Account & Analytics Platform. The 2X programme has also been constructed to benefit from two liquidity points per month in addition to daily position transparency at the portfolio level. Corporate website: www.pjmcapital.com