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Komfie Manalo, Opalesque Asia: Hartswell Capital Management, a systematic absolute return FX manager has continued its stellar performance as its MP - 1 managed account fund closed 2016 up 42.03 percent, after capping December with 3.02 percent gains net of fees. Hartswell outperformed its benchmark last year, including the S&P 500 and did better than some of the CTA/FX benchmarks.
However, MP - 1's strong returns last year is dwarfed by the fund's 92 percent returns in 2015. Since inception in January 2014, the fund reported a cumulative return of 231.48 percent. MP-1 is focused strictly on shorter term trading which can be provided by daily volatility. It trades on global currencies, primarily majors and G10 crosses collectively.
Hartswell Portfolio Manager Greg Joseph commented, "Our system is built to profit from volatility and a continuation in the price in any direction within the crosses that we are trading and thus has done fairly well during times of extended movements in price. Although our performance was not as great as it was in 2015, we feel that we did tremendously well in 2016. During the first quarter of 2016 we started off greatly due to the extreme volatility in the market and especially in the JPY crosses due to the BOJ and the uncertainty around the policy of the BOJ at the time. We did hold off on trading pre/post Brexit events as we felt it would be better to perhaps watch the Brexit vote from afar."
Joseph added that during the summer mo...................... To view our full article Click here
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