NEW YORK, Dec. 18, 2012 /PRNewswire/ -- Samson Capital Advisors LLC, a leading global investment management boutique with $7.4 billion in assets under management, today announced the launch of its first mutual fund -- the Samson STRONG Nations Currency Fund.
Samson has also published a white paper: "Investing in the Currencies of STRONG Nations" which can be read by clicking the link above or visiting the Literature section of our website at www.samsonfunds.com.
The STRONG Nations Currency Fund is available directly to investors and through both the Schwab and Pershing platforms. The Fund can also be purchased through select financial advisors. It seeks to generate positive returns with limited drawdowns over full market cycles through investments in currencies, securities, and instruments that are associated with strong nations.
The Fund focuses on the currencies of nations with healthier and freer economies, societies ruled by law, and greater transparency and efficiency in their governance. Improvements in these qualities have tended to correlate well with currency performance over time. According to Jonathan Lewis, Chief Investment Officer at Samson Capital, the Samson STRONG Nations Currency Fund has a distinctive approach to currency management. It seeks to break down the barriers between emerging market and developed market currencies.
"When it comes to currencies, the professional vocabulary of the past few decades is simply out of date," says Mr. Lewis. "When we look at currencies, we do not care if they are called developed or emerging by the broader investment community. Our goal is to identify currencies of strong nations regardless of what the countries may be called," he adds.
"Most approaches to currency investing are short term. However we take a longer term approach that seeks to look through the volatility. We believe this should help us to provide conservative investors with a lower volatility investment vehicle designed to access the potential benefits of currencies as an asset class," he adds.
The STRONG Nations Currency Fund will also seek to hedge foreign currency exposures back into the dollar during periods of dollar rally.
STRONG is an acronym for:
Sustainable fiscal policies that reduce the probability of financial crisis
Transparent, reliable, readily accessible economic data
Regulatory systems that support, rather than constrict or distort, economic growth
Open societies where free markets are becoming more dominant, and currency rates are set by market forces
National fundamentals that reflect prudent fiscal management
Government that is more democratic, where the rule of law and property rights are secured
"Safeguarding capital and currency purchasing power from the unknown consequences of experimental central bank policies is of paramount importance to today's investors. The traditional approaches to currency investing do not seem comprehensive enough to address today's challenges," says Mr. Lewis. "Properly identifying currencies that may help investors during this period of historical transition will require an outlook that is longer-term and an investment process that rests securely on fundamental analysis," Mr. Lewis added.
The Portfolio Managers
Jonathan E. Lewis, Managing Principal and Chief Investment Officer at Samson Capital Advisors, is the Fund's lead manager. Jonathan has managed currency portfolios for more than a decade at Samson and previously at OFFITBANK. Jonathan holds an MA from New York University Graduate School of Arts and Sciences, and an MBA from the Columbia University Graduate School of Business. He is a Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill.
Iraj Kani, PhD, Principal and Quantitative Strategist at Samson Capital Advisors, is the Fund's co-manager. Mr. Kani received his doctorate in theoretical particle physics from the University of Oxford and also serves as an Adjunct Professor of Financial Engineering in the Department of Industrial Engineering and Operations Research at Columbia University.
About Samson Capital Advisors LLC
Samson Capital Advisors LLC was founded in the spring of 2004 by senior investment professionals from OFFITBANK, Goldman Sachs, JP Morgan, Kohlberg Kravis Roberts & Co, and MSD Capital.
Samson is a global fixed income and currency investment management boutique. Samson's investment strategies focus on tax efficiency, real wealth preservation, and the development of non-correlated strategies built on our domestic and multicurrency expertise. Their mission is to provide the highest quality of service and performance. Its culture emphasizes integrity, teamwork, excellence, and innovation.
For more about the Samson STRONG Nations Currency Fund, please visit www.samsonfunds.com
For more about Samson Capital Advisors please visit www.samsonca.com.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important information about the investment company and it may be obtained at www.samsonfunds.com or by calling 1-855-SCA-FNDS. Read carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer -term debt securities. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings or geographical areas than a diversified fund.
Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The fund may also invest in gold, which involves additional risks, such as the possibility for substantial price fluctuations over a short period of time.
Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested.
The Samson STRONG Nations Currency Fund is distributed by Quasar Distributors, LLC
SOURCE Samson Capital Advisors LLC