Belsize Strategy
Key attributes:
i) Return expectations in most market conditions
ii) Liquidity though monthly trading window
iii) Transparency via daily mark to market.
Organisation & Management:
CBM Investment Management
Steven Cohen CFA
Overview
Objective: To achieve consistently high positive absolute returns.
Strategy: Technical positioning on global macro economic new flow in the
most liquid equity indices, government bonds, foreign currency and
commodity asset classes. Typically 95% cash holding with the balance as
margin requirement at brokers. Disciplined trading (daily/weekly) in the
actual and synthetic futures, forward contracts, contracts for difference and
spread products, compulsory stops placed at brokers on inception of
position.
Risk: Gearing (the proportion of exposure to the underlying cash balance)
are capped, for each asset class at: 500% for currency, equity index and
government bond positions and 200% for commodity. During times of high
interest rates the ability to generate excess returns will be limited.
Capital Preservation: Due to the possibility of foreign currency fluctuations,
clients are strongly recommended to initiate a contract for difference
between their home currency and sterling for the size of their investment.
Due to firm expansion capital in this strategy has temporarily been redirected
Key attributes:
i) Return expectations in most market conditions
ii) Liquidity though monthly trading window
iii) Transparency via daily mark to market.
Organisation & Management:
CBM Investment Management
Steven Cohen CFA
Overview
Objective: To achieve consistently high positive absolute returns.
Strategy: Technical positioning on global macro economic new flow in the
most liquid equity indices, government bonds, foreign currency and
commodity asset classes. Typically 95% cash holding with the balance as
margin requirement at brokers. Disciplined trading (daily/weekly) in the
actual and synthetic futures, forward contracts, contracts for difference and
spread products, compulsory stops placed at brokers on inception of
position.
Risk: Gearing (the proportion of exposure to the underlying cash balance)
are capped, for each asset class at: 500% for currency, equity index and
government bond positions and 200% for commodity. During times of high
interest rates the ability to generate excess returns will be limited.
Capital Preservation: Due to the possibility of foreign currency fluctuations,
clients are strongly recommended to initiate a contract for difference
between their home currency and sterling for the size of their investment.
Due to firm expansion capital in this strategy has temporarily been redirected
Benchmark & Asset Allocation Range
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Performance & Exposure (Updated Oct 10th 2015)
Crystallised Cash Returns
Crystallised Cash Returns
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| Steven J CohenCFA Results That Count - Bespoke Advantage |
Latest Market & Performance
Commentary : BLOG
Commentary : BLOG