innovation

DIVERSIFICATION

Pecora Capital LLC is a global macro investment management firm. Our aim is to provide above-average risk-adjusted returns by exploiting short-term trading strategies applied to liquid futures and currency markets. We target absolute returns with moderate volatility, and low correlation to traditional asset classes.

Independence and Integrity

At Pecora, the principle of independence and integrity in our research is paramount.  We strive to build an environment of autonomous idea generation.  We go where the data leads us.  The objective of our research is to build the best trading technology possible, without any hubris. 

Our independence enables us to allocate capital to high quality trading systems. The product is a blend of the best of man and machine, employing high-tech systematic trading with the savoir faire of our experienced trading team.

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FERDINAND PECORA

The story behind

our company name

Pecora Capital’s namesake is Ferdinand Pecora, a Sicilian immigrant to New York who overcame enormous odds to become one of the most important regulators in financial history.  The Pecora Commission led to extensive regulatory reforms in the aftermath of the Great Depression promoting a secure and competitive financial sector.

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Ferdinand Pecora (January 6, 1882 – December 7, 1971) was an American lawyer and judge who became famous in the 1930s as Chief Counsel to the United States Senate Committee on Banking and Currency during its investigation of Wall Street banking and stock brokerage practices.Ferdinand Pecora was appointed Chief Counsel to the U.S. Senate's Committee on Banking and Currency in January 1933, the last months of the Herbert Hoover presidency.  The Senate committee hearings that Pecora led probed the causes of the Wall Street Crash of 1929 that launched a major reform of the American financial system.Pecora's investigation unearthed evidence of irregular practices in the financial markets that benefited the rich at the expense of ordinary investors, including exposure of Morgan’s “preferred list” by which the bank’s influential friends (including Calvin Coolidge, the former president, and Owen J. Roberts, a justice of Supreme Court of the United States) participated in stock offerings at steeply discounted rates. He also revealed that National City sold off bad loans to Latin American countries by packing them into securities and selling them to unsuspecting investors, that Wiggin had shorted Chase shares during the crash, profiting from falling prices, and that Mitchell and top officers at National City had received $2.4 million in interest-free loans from the bank’s coffers.Spurred by these revelations, the United States Congress enacted the Glass–Steagall Act, the Securities Act of 1933 and the Securities Exchange Act of 1934. With the United States in the grips of the Great Depression, Pecora's investigations highlighted the contrast between the lives of millions of Americans in abject poverty and the lives of such financiers as J.P. Morgan, Jr.; under Pecora's questioning, Morgan and many of his partners admitted that they had paid no income tax in 1931 and 1932; they explained their failure to pay taxes by reference to their losses in the stock market's decline.After Pecora closed his investigations, on July 2, 1934, President Roosevelt appointed Ferdinand Pecora a Commissioner of the newly formed U.S. Securities and Exchange Commission (SEC).

meet our

Our Executive Team

Aaron  L  Smith

Managing Director

Aaron Smith is the founder & managing director of Pecora Capital.  He oversees the company’s global business strategy and research activities for the development of proprietary trading technologies.  Aaron maintains the series 3 license in the United States and is a member in good standing of the National Futures Association.  Mr Smith holds a degree in finance and international business from the Leonard N. School of Business at New York University.  He began his career on Wall Street working in the Private Client Group at Morgan Stanley’s 2 World Trade Center offices. 

Prior to founding Pecora Capital, Aaron served as managing director at the Superfund group of companies from 2002 to 2011. During his time with the group, he was responsible for front office activities, including the development and sales of various alternative investment fund structures for institutional and private investors. In 2002, he pioneered one of the first publicly offered managed futures funds in the United States, which was registered with the SEC. In addition to serving as the associated person in the United States regulated Superfund entities, he was the responsible officer for Types 1 and 4 regulated activities under the Securities and Futures Ordinance for Superfund Financial (Hong Kong) Ltd. He also became a licensed financial advisor in Singapore in 2008 and ran the Asian arm of the  business, carrying on the duties of Chief Executive Officer of Superfund Financial (Singapore) Pte Ltd. 

Aaron is a member of the International Protestant Church of Zurich, where he is blessed to teach Sunday school.

William  Adams

HEAD OF TRADING

Previously, William served as portfolio manager at Resilience AG, a multi-billion dollar family office in Zollikon, Switzerland. William is a graduate of Northwestern University. He has 17 years experience in financial markets with over 8 years developing and structuring investment portfolios, designing systematic trading strategies and preparing risk management protocols, including alternative investments, for private investors, family offices, hedgers, corporations, institutional speculators and pension funds. William maintains a Series 3 license and is also a member in good standing of the National Futures Association (the “NFA”) in the United States.

Jeff Harpur

HEAD OF RISK

Jeff is a qualified Chartered Accountant (S.A.), having completed his articles with PricewaterhouseCoopers in South Africa in 2008.    

Jeff then entered the international financial services industry, working with Acumen Group as a consultant in the Reinsurance industry in Bermuda.  He moved to Switzerland in 2012, continuing his consulting career with Ernst & Young in Zurich and specialising in the banking and insurance sector, working with some of the largest international banks, insurers and reinsurers. 

Jeff earned his Bachelor of Commerce (Honours) from the University of Natal, and is an avid surfer, skier and mountaineer.

Max Ferri

INDEPENDENT DIRECTOR

Max Ferri is an independent, non-executive director of the Pecora Capital Fund. Mr Ferri has over 17 years of experience in the financial markets, including 8 years of direct investment management and tax experience working for a private bank in the Caribbean (1999-2006), and 7 years of hedge fund consultancy, legal, tax and operational due diligence experience working as Managing Director/Head of Operational Due Diligence for Laven Partners in London (2006-2012). Mr. Ferri has performed investment and operational due diligence visits with top tier investment managers all over the world, and has experience in hedge funds, fund of funds and private equity fund structures. He was most recently a co-author and committee member for various AIMA publications, including the 2014 Hedge Fund Manager’s DDQ. He holds a degree in management from the Barbados Community College, and has passed his Level 3 (Unit 1) IMC CFA Society exam in the UK. He is currently pursuing a Master's Degree in Finance from the University of London. Mr. Ferri is an Approved Director registered with the Cayman Islands Monetary Authority (CIMA).

AT a glance

Overview

Quantitative and Macro Analysis

Statistically robust signals, electronic execution

Ability to Exploit Market Trends in Up and Down Markets

Assets are tactically allocated based on the analysis of price and proprietary signals that identify investment opportunities

Trading Opportunities Throughout the Market Cycle

Diversified asset allocation provides exposure to the futures and commodity markets that are best positioned during various points of the respective market cycles

Diversified Strategies Pool – Dynamic Allocation

Trend-following, Contrarian, Mean Reversion, Pattern Recognition, Momentum and Breakout

Risk-Based Diversification

Provides the ability to maintain a balanced, strategic exposure to the fund’s investment universe

Adaptive

Excels in moderate to high volatility environments

Diversified global

Strategy

This is our

Our Process

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The proprietary trading system is applied to selected markets

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Daily price data for all markets is processed against historical

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Buy / Sell signals are generated

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Risk management criteria, liquidity and volatility filters are applied

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Optimal Portfolio Weighting is Determined

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Entry price and stop-loss levels are generated

Trades are executed in the market

View our media

Coverage

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Automated Trader

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we work with great

Partners

Deutsche Bank is one of the world’s leading financial service providers.  It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent.  It is considered to be one of the most prestigious and most influential banks in the world.

KPMG is the auditor of the Pecora Capital Fund.  KPMG  is one of the largest professional services companies in the world and one of the “Big Four” global auditing firms.  KPMG member firms can be found in 155 countries. Collectively they employ more than 162,000 people across a range of disciplines.  KPMG works closely with their clients, helping them to mitigate risks and grasp opportuinities.

KPMG is the auditor of the Pecora Capital Fund.  KPMG  is one of the largest professional services companies in the world and one of the “Big Four” global auditing firms.  KPMG member firms can be found in 155 countries. Collectively they employ more than 162,000 people across a range of disciplines.  KPMG works closely with their clients, helping them to mitigate risks and grasp opportuinities.

JP Fund Administration is a regulated fund administration Company with offices in the Cayman Islands and representation in Singapore. JPFA utilises a centralised and integrated technology solution for fund administration that is highly scalable and has allowed the geographical expansion of the groups activities and services quickly and seamlessly.The company maintains a focus on employing the right people, technology and processes to give investment managers and investors the highest levels of professionalism

Interactive Brokers is a U.S.-based brokerage firm, the largest brokerage firm by number of daily average revenue trades. It also is the leading forex broker. The company is headquartered in Greenwich, Connecticut and has offices in Chicago, Hong Kong, Shanghai, Sydney, and Zug.  Interactive Brokers was rated Best Online Broker for the fourth consecutive year by Barron's 2015.

Interactive Brokers is one of the world’s leading financial service providers.  It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets. In 2009, Deutsche Bank was the largest foreign exchange dealer in the world with a market share of 21 percent.  It is considered to be one of the most prestigious and most influential banks in the world.

enquire about an open

Career opportunity

We love to work with good people!  We are actively looking to develop human capital in trading, investment research, system development, back office and distribution.  Kindly send your CV for consideration if you have experience in trading, programming, operations or marketing.

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GET IN TOUCH

CONTACT US

Please feel free to contact us,  we would gladly assist you in whatever way we can.

email us

United States

21218 St. Andrews Boulevard #408
Boca Raton, FL33433, USA

email

info@pecoracapital.com

web

www.pecoracapital.com