Algorithmic currency trading firm Leman Capital Management announced today that it has delivered a solid first-half performance, after reporting a 34.6 percent return for the first six months of 2016.
The results mark the continuation of a strong trend reflecting the successful application of the company’s Quant Fund currency trading strategies. The company had set record profits in 2015, earning a 62 percent return and outpacing 99 percent of quantitative asset management firms for the third consecutive year at a time when most funds recorded losses.
Record Profits
The trend has continued into 2016, with June marking the six consecutive months of positive performance with a 7 percent return. Over the course of the year, the return has averaged 5.8 percent per month, compared with an average 5.2 percent per month over 2015.
The firm generated consistent strong risk-adjusted returns across a range of market conditions. Over the six months, assets under management increased to $89.5 million, rising 58.97 percent from $56.3 million, as of 3rd January, 2016.
Maximal monthly drawdown for the period was under 3 percent, indicating the quality of the algorithmic trading combined with quantitative analysis to deliver consistent low-risk performance.
Technological Approach
The approach of the firm applies complex mathematical and statistical methodologies to assess and calibrate a wealth of financial data based on past and present market performance. It filters out underlying trading patterns and takes advantage of market anomalies, opportunities which less sophisticated participants might miss.
The computer algorithms used provide optimal investment decisions that are devoid of the human biases and emotions inherent in pure fundamental research strategies. The company's technology also enables the process of decision making to be significantly faster than those practiced by individuals, which has been particularly important in market timing of trades within the volatile trading environment investors have faced this year.
To stay ahead of the challenge, the firm has committed to building and refining effective Quantitative Trading systems with genuine predictive powers of future market trends. This has enabled Leman to produce consistently strong returns and rank as one of most promising alternative investment managers for 2016.
