Hedge Funds

UMJ to launch currency fund

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UMJ (Singapore), the management company recently formed by Ed Brogan and Masahiro Koshiba, plans to roll out a technical trading global currency fund on November 1. This launch, along with two others, takes to six the number of funds trading across the platform.

The UMJ Tekniko Fund will engage in paired trades of euro/dollar and yen/dollar. Once it reaches $100 million, the fund may begin making allocations to gold and oil futures. Its trades will follow technical analysis of market - based on trends, not forecasts - looking at two- to seven-week periods. Maximum leverage will be 1.5