KMJ Capital,

LLC (Currency)

Fund Investment Objectives

The KMJ CURRENCY PROGRAM trades international currency markets using a combination of quantitative analytics and macroeconomic research to pinpoint trade opportunities. Trade selection is discretionary, and risk management is enforced through the use of mandatory tight trailing stops. The methodology is relatively short-term and highly opportunistic, and does not rely on trends for profit. Trading is directional, and the portfolio does not seek to maintain positions in each currency it trades at all times, preferring to concentrate on clearly-defined opportunity sets as and when they emerge.