Press Release – BVI-based investment manager Bluenose Capital Management is on schedule to\u00a0launch its managed forex program, Bluenose FX, on November 1, 2010.<\/p>\n
The systematic forex program is aimed at U.S. qualified eligible persons as defined within CFTC rule 4.7 and non-U.S. nationals. The Bluenose FX program will be made available on a managed account platform at Interactive Brokers.\u00a0The objective is to generate an annualized compound rate of return of 15% with lower\u00a0downside volatility vs. the S&P500 and Barclay CTA Index benchmarks.<\/p>\n
Business Partners<\/strong><\/p>\n Bluenose’s JS Pelletier will be at the helm of Bluenose FX.\u00a0Prospective investors will be required to open an account with Bluenose’s futures\u00a0commission merchant, Interactive Brokers.<\/p>\n Terms<\/strong> Highlights<\/strong>
\nMin. Individual: $100,000
\nMin. Institutional: $5,000,000
\nManagement Fee: 0%
\nIncentive Fee: 25%
\nHigh-Water Mark: Yes, for institutional managed accounts.
\nLock-Up: None<\/p>\n
\nSystematic long\/short strategies based on statistical learning models trading highly liquid currency pairs.
\nNeutrality of the program at the market level.
\n100% automated investment process.
\nRigorous risk management practices based on adaptive fuzzy logic ensuring low downside volatility.
\nFull transparency.
\nDaily liquidity.<\/p>\n