Saltwater Capital will focus on two products, a global macro fund which will be ran by traders with a combined experience of over 150 years, aiming to return 12-15+% targetting a low volatility in returns. This Macro fund will not trade individual stocks but only FX, Bonds, Commodities and equity indexes.
In addition, Saltwater Capital will be running a forward looking model for trend exhaustion and trend change. This model has been back tested by Bloomberg LP's software using a strict rule and without leverage, and has performed 400%+ over the 6 year period of back-testing.
All data could be provided upon request, this company is looking to seed money for the first two quarters of the first fiscal year, which could be recoverable well into the 3Q of the first year.
The fund already has a deal with a fund of fund operations for capital matching for fund size. Hence all investments would be 1:2 in size.