Athena Managed Forex

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The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

The performance for September 2011 was +3.57%, net of all fees.

This is now the 11th month of positive returns out of the last 12 months, and takes our year to date return to 30.44%.

The Athena Managed Forex Account had another good month in August, ending the month with a + 5.18% return.

The performance for July 2011 was +8.5%, net of all fees.

Fees and Charges

Unlike many other fund managers, Athena Capital do not charge an annual management charge to our clients.

Performance Fee

As is common with most investment funds of this type, Athena Capital charge clients solely based upon the performance of the trading account. This means that if the investor does not see an increase in his investment, then Athena Capital will not profit either. Athena Capital will retain a Performance Fee of 25% – ie. a 25% share of the profits earned on the investment, subject to a 'high watermark' (as defined below).

High Watermark Calculation

The implementation of a 'high watermark' means that Athena Capital will only receive a Performance Fee when the value of a client's investment is greater than its previous greatest value. Should the value of the investment subsequently drop in value then Athena Capital will only receive a Performance Fee again once the value of the investment has once again reached it's greatest value.

Let us look at an example to illustrate how this works:

January 1, 2009 - Client invests $100,000

February 1, 2009 - Investment has increased to $105,000
Value:    $105,000
Profit:    $5,000
Performance Fee: $1,250 (25% of $5,000)
Closing balance: $103,750

March 1, 2009 - Investment has decreased to $103,000
Value:    $103,000
Loss:    $750
Performance Fee: $0
Closing balance: $103,000

April 1, 2009 - Investment has increased to $104,750
Value: $104,750
Profit: $1,750
Performance Fee: $0
NOTE: No Performance Fee is charged because the 'High Watermark' of $105,000 has not been reached - as this is the highest value that the client's investment reached.
Closing balance: $104,750

May 1, 2009 - Investment has increased to $107,000
Value: $107,000
Profit: $2,250
Performance Fee: $500 (25% of $2,000)
NOTE: The performance fee is only charged on the profit in excess of the 'High Watermark', ie $105,000.
Closing balance: $106,500

Download our Brochure

For more information about the Athena Managed Forex Account, please download our brochure. Download

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