ACT undertakes a currency only strategy using foreign exchange forward and spot transactions with margin assets invested in call and fixed deposits with prime banks. Five currency pairs are traded, EUR/USD, USD/CHF, GBP/USD, USD/JPY, EUR/JPY. The strategy is undertaken using a prime broker structure.
ACT believes that its skill-based discretionary trading strategies should be contained within a structured and process-oriented environment. For its discretionary approach to be repeatable and robust, ACT has developed internal guidelines within which the trading team must operate. ACT believes that over time, truly systematic and quantitative model-driven strategies suffer from a lack of robustness and will inevitably degrade. To that end, ACT has not embraced this methodology and relies solely on its process-oriented approach to allow the trading team the freedom to generate returns in a discretionary, yet within a risk controlled and rules-based environment, manner.