Whether it be a curse or a blessing, JF Capital is again having to close its doors to trade in order to reorganize and recapitalize in the face of strong demand for the 'main fund', which will also undergo rebranding over the next few months.
Our final position was harvested in keeping with JF's investment philosophy - averaging-out and taking chips off the table when a trade yields a measured profit and not allowing the archetypal vice of a trader, greed, to interfere in decision making. Evidently our 1.31 EURUSD put expired worthless and thus taking profits when sentiment appears overdone has deftly captured nearly 1 percentage point for the team.
Future ideas remain under-wraps currently, save for those already published e.g. our desire to build a Silver position into the lows. It would be disloyal to our new fleet of investors to reveal how we will continue to navigate the ship across the ever turbulent asset markets.
Indeed, it is the house view that the worst of the crisis is still to come. Don't be fooled by the relative calmness, European solvency problems are yet to be dented by the current splurge of liquidity.
Expect the main fund, and timely blog posts, to relaunch around June.
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