THE INTUS CURRENCY ALPHA STRATEGY FUND

INVESTMENT STRATEGY

The Intus Currency Alpha Strategy aims to generate high total returns that are not correlated with the returns of other asset classes. This strategy invests in four major currencies (EUR, USD, GBP, YEN) and three commodity currencies (AUD$, NZD$, CAD$) and their crosses. This strategy uses spot, forward and CFD contracts only, no options.

The strategy is discretionary in nature as opposed to systematic. A global view is developed in-house, researching a range of asset classes, such as stocks, bonds and commodities. This “macro view” is then expressed in a specific currency by currency exposure. The exact timing of market entry is determined by in-house technical analysis and modelling of recent intra-day trading ranges, with the aim of generating pivot points. The system normally generates 1-3 trades a day with an average holding period of four hours.

Risk management is the core of the strategy. Every open position is at all times covered by a live market stop-loss order. No open positions will be held over the weekends or holiday periods.

COMMENTS ON THE LATEST ACTIVITY:

Trading continued well despite of market staying in wide range. Most of trading was done in eurusd and gbpusd and both pairs produced positive returns. Intus Currency Alpha Fund is now up 107.77% after less than four months trading.

Going forward we expect market to stay in summer mood with some irrational moves due the lack of liquidity. As always we stay ready to take benefits of said moves.

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