Pardo Capital Enjoys Solid Growth, Steady Rise
CHICAGO, Oct 16, 2008 (BUSINESS WIRE) -- While stocks tumble and surge, the roller coaster ride for Americans may be starting to grind to a halt. But for those who have invested in XT99, an automated algorithmic trading system, the trip has been a steady climb.
Pardo Capital Limited and XT99 had an impressive September -- while Wall Street plummeted,XT99 rose9.7% for the month.
"We're pleased with the performance and integrity of our automated system, to say the least," said Bob Pardo of Pardo Capital."Year to date, we're up 33.9%, and the ten year track record is a compounded annual return of more than 22%."
According to information provided by Pardo, when you consider this compounded annual rate of return, the overall return is an impressive 547%.
XT99 trades exchange traded futures markets on a global scale.This includes currencies, agricultural commodities, energy, stock indices and fixed-income instruments.
"We've designed this model to exploit long-term, macro-economic trends," Pardo said. "Unlike many long-term trend followers, XT99 is better at anticipating trends and that is proven in our substantial results."
According to Pardo, risk management is accomplished through traditional pathways such as market diversification and trading pace diversification, but the foundation of the risk model is a proprietary asset allocation methodology developed by his partners.
For more information on XT99 contact Marketing Director Rich Sternal at 630.355.2337 or rasternal@pardocapital.com or visit Pardo Capital.
SOURCE: Pardo Capital Limited
Pardo Capital Limited
Rich Sternal, 630-355-2337
rasternal@pardocapital.com
www.pardocapital.com
Copyright Business Wire 2008
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