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From Benedicte Gravrand, Geneva: Network Capital Management (NCM) has exclusively developed highly accurate ‘black-box’ models for precisely predicting short term movements of world currency markets. To take advantage of these forecasts, NCM has initiated the World Currency Fund (Cayman domiciled). Jonathan Priddle, U.K.-based managing director of NCM, talked to Opalesque about the fund which will be launched in October. Mr. Priddle has worked in finance for over 20 years.

Systematic trading is best Human error is widely recognised as the nemesis of the trading community and the black-box approach is a direct solution to that. “The systematic approach is best because it takes the human element out of trading,” Mr. Priddle said. “Every blow-up has been a result of human emotions. In systematic trading, nobody is doubling up or letting emotions run away when something is not going right. Traders can be stubborn, fail to notice outside influences and to cover their positions accordingly.“ Computer chess games, which are virtually unbeatable by human agents, are likewise free from emotional clog that clouds judgement.

“Our fund has a simple strategy; it is based on foreign exchange,” Mr. Priddle continued. “It works in up, down and sideways markets. We are not affected by the current subprime crisis although it does provide volatility for us. Foreign exchanges are steady and trade US$2.5 trillion every ......................

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