Investment Strategies & Performance
First Global Capital Management
About the Program
FGCM's Trading Program I is a technical trading program that mainly trades in financial instruments (including, but not limited to, stock indices and interest rate products), currencies, precious metals, and energy products (including, but not limited to, oil and gas). At times, when market opportunities exist, the Program may trade in agricultural products. Trade signals are generated by computerized trading models and are therefore, one-hundred percent (100%) technical in nature with no attention paid to fundamental data. Technical analysis is based on the theory that a study of the markets themselves will provide a means of anticipating the external factors that affect the supply and demand of a particular commodity in order to predict future prices, and that market prices at any given time reflect all known factors affecting supply and demand. Technical analysis of the markets includes a study of the actual daily, weekly, and monthly price fluctuations, volume variations, or changes in open interest, utilizing charts and econometric modelling.
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About the Manager
First Global Capital Management, LLC has been a member of the National Futures Association since 2000. Paul Fribush is President of FGCM and solely responsible for the investment performance of Trading Program I. Mr. Fribush has been registered with the National Futures Association since 1999. Mr. Fribush graduated with honors from Guilford College with a B.S. in Chemistry and is listed in the Who's Who in American colleges. His technical background led him to focus on a purely technicalbased view of the futures markets, applying his academic approach to the markets. FGCM prides itself on innovative, disciplined trading strategies that focus on creating negative correlations with global equity indices.
Performance
|
| Month |
2008 |
2009 |
| January |
|
2.76% |
| February |
|
3.79% |
| March |
|
-5.61% |
| April |
|
-0.61% |
| May |
|
3.41% |
| June |
|
0.97% |
| July |
3.88% |
|
| August |
-0.28% |
|
| September |
6.52% |
|
| October |
9.86% |
|
| November |
3.06% |
|
| December |
4.52% |
|
| Annual Compound Return |
30.58% |
4.47% |
Correlation of Returns
|
| S&P 500 |
-0.77 |
| Barclays Bond Index |
-0.36 |
| MSCI EAFE |
-0.60 |
| Sharpe Ratio (Rf=2.0%) |
|
| |
0.67 |
Program Information
|
| Mgmt. Fee |
0% |
| Perf. Fee |
20% or $250 |
| FCM |
Choice |
| Acct. Min |
$25,000 |
Max. Draw: (6.19%)
Mar-08 to Apr-08 |
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