Greenwave employs a
discretionary global macro approach with an emphasis on G20
currencies. GCM incorporates a two step investment process.
We begin with top down, macroeconomic analysis to determine
the fundamental themes in which to engage. The goal is to
identify the dominant drivers in the current market
environment with a focus on central bank activity, political
trends and geopolitical events. From this, GCM develops
fundamental themes typically looking six to twelve months
forward. In the second step, we employ a multi-layered
quantitative process to identify the optimal timing and
trade location at which to deploy risk in these themes.
While themes are typically six to twelve months in duration,
GCM will tactically trade around these core exposures. In
addition, we will take shorter term tactical trades based
purely on technical analysis when the opportunity presents
Risk is measured by
risk-to-stop. Location of stops are based on our proprietary
measure of market volatility. The goal is to place the stop
at a point that will not be elected by random noise. The
greater the distance from trade initiation to stop level,
the smaller the position size. Portfolio risk is measured
through total risk-to-stop, which assumes no correlation
benefits across positions.
Information: Jamie Charles - CIO, Principal
Jamie Charles is the
Chief Investment Officer of Greenwave Capital Management. He
is responsible for research, trading, and portfolio
management. Formerly, Mr. Charles managed assets for and was
employed at Denali Asset Management in Chicago and St.
Croix, USVI from 1998 through December 2006. Mr. Charles was
a senior portfolio manager for Denali’s Global Macro Hedge
Fund. Prior to joining Denali, Mr. Charles spent 16 years as
a market maker and prop trader for various banks including
Bank of America, First Interstate, Citibank, First Chicago,
Credit Suisse, First Boston, and ABN AMRO residing at
different times in New York, Frankfurt and Chicago. Mr.
Charles graduated with honors in Economics in 1981 from
Information: Raj Idnani – CFO, Principal
Raj Idnani is a principal
of Greenwave Capital Management and has been a listed
Principal of Greenwave Capital Management since March 2009,
and has been registered as an Associated Person of Greenwave
Capital Management since December 2010. Raj Idnani is also
the Managing Principal of Blueprint Capital Management LLC,
a family office specializing in alternative investments.
Prior to joining the family office in 1999, he was employed
with the Option Operations group at Bear Stearns Securities,
Inc. Raj Idnani received his BA from the Olin School of
Business at Washington University in St. Louis in 1998, and
his MBA from the University of Chicago Graduate School of
Business in 2006.
Information: John Apperson - COO
John Apperson has 25
years of market experience. He joined Greenwave after
spending 15 years as a portfolio manager at Fund of Funds,
Centennial Partners (now Meritage Capital) and Bolton
Investment Group. His strategy focus was global macro,
managed futures and commodity hedge funds. Previously, Mr.
Apperson was a macro trader at hedge funds Kingdon Capital,
Two Rivers, and MLC International. He began his career in
futures and FX sales at Refco, Inc. in NY and London. Mr.
Apperson holds a Series 3 and 34, is a CAIA charter holder,
and is a graduate.
The descriptions above are from
the manager’s disclosure
THE RISK OF LOSS IN TRADING
FUTURES, OPTIONS AND OFF-EXCHANGE
FOREX CAN BE SUBSTANTIAL.
PAST RESULTS ARE NOT NECESSARILY
INDICATIVE OF FUTURE RESULTS.
PLEASE READ THE CTA'S RISK
DISCLOSURE DOCUMENT CAREFULLY
BEFORE INVESTING MONEY.
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