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Benjamin Upward Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit.
Synchronicity Futures, LLC registered with the CFTC as a CTA this year and began operating in July. It is based in Detroit, Michigan, and headed by Benjamin Upward.
Upward started Synchronicity for two main reasons, he told Opalesque. "One, I thought the timing was right with the equity market at a six-year high and the bond market just coming off a 33 year+ bull run. I thought the trends in both major asset classes were probably coming to an end or at least, we are going to be experiencing significant volatility, enough to unsettle investors who may be more apt to move away from those two asset classes, at least a little bit. I thought futures and managed futures would be the main beneficiary of that, at least for probably a three to five-year period, so the timing is really good to make the change this year."
As it happens, and in a synchronous kind of way, a bout of volatility swept the stock market in recent weeks. Stocks were hurt by global growth fears due to a slowing Chinese fears, worries about a coming interest rate hike from the U.S. Federal Reserve and a ...................... To view our full article Click here
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