PracticeConsultingExtraordinary items: Rocketing return

Extraordinary items: Rocketing return

If you're one of those who thinks that dabbling in the derivatives world requires the mathematical capabilities of a rocket scientist, then you won't be surprised to hear there's a new investment fund dealing in FTSE-100 futures - that's run by rocket scientists.

The guys behind www.futures-online.com say that making money out of market movements is not unlike programming a guided weapon.

“Based on knowledge about the movement of a target, a guided missile constantly adjusts its trajectory to intercept the target where it computes it will probably be,” says the website.

The scientists have used their experience in digital signal processing to develop a software package that propelled a prototype “virtual” investment fund from 7,200 pounds in November last year to 487,000 pounds at the end of January – an annualised 9,940% gain without compounding.

Now they’re running an investment fund for real. More bucks for your bang?

This article appeared in Financial Director magazine.

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