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FX FX MANAGERS Emil Stavriotis Director and FX Manager at Spectrum Asset Management, LLC interviewed by JW Partners for FX Trader Magazine


Emil Stavriotis tells FX Trader Magazine about the lessons he learned throughout his 45 years of trading experience in both commodity futures and foreign exchange. He also


INTERVIEW


explains about Spectrum’s currency programs and strategies, the “Multi- Strategy” (Trend Following) and the “Mean Reverting” (Counter Trend) Strategy.


JW


How long have you been trading foreign exchange for and what first attracted you to this industry? Tell us about your career evolution?


ES


Although I have been trading commodity futures for nearly 45 years I have only been trading foreign exchange for four years. I began trading foreign exchange when I joined Spectrum nearly four years ago. Prior to joining Spectrum I was the founder and President of two CTA firms, Northstar and PAS Management, Inc. Both these firms traded diversified managed futures. I also traded my own account and gave consulting advice to several firms in Agribusiness for many years. Prior to that, I was employed by several leading agribusiness firms.


JW What do you particularly like


Spectrum Asset Management, LLC


Manager Strategy Location


Assets Under Management Type Style


Instruments Traded Currencies about your job? Mike


ES The degree of autonomy that Songer


(President of


Spectrum Asset Management) has given me. That autonomy has enabled me to continue evolving and improving the Mean Reversion strategy to what it is today.


40 FX TRADER MAGAZINE October - December 2011


ES In terms of money management,


there is no difference in trading currencies from any other financial instruments. The


biggest single difference between the two is the Emil Stavriotis


Mean Reversion & Multi-Strategy Chicago


$245M Spectrum GDP $18M Spectrum FX Systematic


Mean Reverting and Trend Following Spot/Forward Only G5 Only


JW In which way is trading currencies


different from trading other financial instruments?


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