Estlander & Partners Freedom adopt a systematic trading approach to global and liquid futures and forward markets. Over 120 markets are traded in the programme, where price and fundamental information is used for decision making.
The core parts of Freedom are trend following models. Return extraction is based on behavioural biases and cyclical risk premiums as well as changes in global economies. Here, models with holding periods from a few hours up to several months are combined. In the decision making process, data from the underlying market as well as related markets is used. Positions are both long and short.
Systematic Fundamental models take further advantage of non-price information in the decision making process. The models provide a diversifying return stream to the trend-following models. Systematic Macro take advantage of global capital flows based on economic trends and extract time-varying risk premia and value opportunities.
Risk is balanced in the portfolio with Achilles risk management. It is a forward looking estimation of the worst case outcome (including correlation breakdowns) for each model..The Freedom Programme is a combination of the company's two main trading programmes, Global XL and Alpha Trend, which both have an actual track record that goes back to 1991. Actual trading with the Freedom Programme was commenced on 12 July 2010.
The information is provided on strategy level for the investment program in question. Performance figures and other information on funds applying the investment program in question are available by contacting Estlander & Partners Ltd.