Korean-based team to launch global CTA strategy

Sequoia Fund says its trend following model can be applied to a global fund with a capacity of up to $2 billion.

Sequoia, a Korean-based multi strategy CTA fund, is preparing to launch a global fund. Sequoia CEO Park Chang-Ki has spent more than 10 years developing a computerized futures trading model, which targets a 15% to 25% return per annum with 5% volatility, no matter how markets fluctuate.

The firm is not related to Sequoia Capital Management, a hedge fund based in Australia.

Park is currently based in his native country, Seoul, where he has been test running the model on the Kospi200 and KTB futures market.

Our model has shown good performance in the Korean markets over the last seven months since we...

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