Appleton Capital Management : Global Opportunity Program

Summary

-Appleton Global Opportunity Program - Proprietary mathematical forecasting and optimisation techniques are applied to a select basket of futures contracts. All trading is taken with a medium-term view. Markets are chosen according to their tendency to display inefficiencies over protracted periods of time. This manifests itself as persistent direction which responds to a price based forecast.

Investment Strategy

The program is based on qualitative trading decisions and is a substantially different trading approach to that of the Appleton currency programs. It is a systematic approach to the major financial and commodity futures markets without being limited to currency contracts and is also a substantially different trading approach to that of the Appleton currency programs. The Appleton Global Opportunity Program is traded using a 100% systematic approach to the major futures markets. The particular contracts that are traded are the result of a series of filters that analyze the tendency of a data series to display memory or trend. Additionally, contracts are scanned for their liquidity and political stability characteristics. In fundamental investment terms, the Program can be broadly compared to the basic tenets of Modern Portfolio Theory. Given a fixed number of investment opportunities, in this case futures contracts, the investment manager must endeavour to attain an optimal level of return for a fixed level of risk. This mean variance optimisation process is derived from three key components – expected return, expected risk and correlation between subholdings. The CTA also accepts notional funding.