CEO Confidential
This month’s article isn’t about trading, money, or investment; it’s more of a philosophical piece, something I wanted to share. This article stems from a question that a reporter recently posed to me: “what motivates you as the CEO of Novus Black?”
The simple answer would be family, but there’s a lot more to it, and if you’ll permit me, I’d like to delve into that further as family is not just those people that share the same last name as you!
As I write this article, April is behind us, and we’re approaching the midpoint of 2024; time seems to be flying by. With that in mind, I took a couple of days away from the office to reconnect with my family. With the amount of work I’m doing and the intense hours at Novus Black HQ, we’ve grown somewhat distant, but those days with them quickly healed any divides and helped me refocus. During my time with them, I was reminded that Family is the driving force behind what we do; Family is one of the cornerstones of Novus Black, and that family extends to you, our clients.
The term “clients” leaves a bitter taste in my mouth, as if it’s coated in a layer of impersonality and detachment. Whenever it slips off my tongue, it feels like I’m building a barrier, distancing myself from the very individuals we aim to serve. Novus Black isn’t just about transactions and numbers; it’s about forging genuine connections and providing personalised support. We believe in treating each person with warmth, empathy, and respect, not as mere “clients,” but as valued members of our community and part of our extended family.
Like family, our clients entrust us with their dreams, aspirations, and concerns, fostering a bond built on trust, respect, and mutual understanding. I am fortunate enough to share in their triumphs and support them through challenges, celebrating their successes as if they were my own. I have witnessed clients pay off mortgages, purchase dream cars, and even one who fulfilled his dream of running an up market restaurant. When I hear these tales of triumph, it ignites a profound sense of pride within me. These success stories hold far more significance for both me and Novus Black than mere increases in AUM or attracting new millionaire investors. We are dedicated to transforming more of these aspirations into realities for our clients.
Novus Black stands today because of you—our extended family. Just as it was crucial for me to rekindle connections with my own family, I believe it’s imperative for all of us to pause and reflect on our familial ties. If you haven’t seen your family in a while, why not plan a get-together, or consider reaching out to that distant relative just to check in. Investment transcends mere financial returns and capital gains; the most valuable investment one can make is in strengthening family bonds. Not only does this bring personal fulfillment, but it also cultivates a resilient support system for the future.
Final Figures
Novus Black closes April with 6.5%
April has closed with a comendable 6.5% profit, which is 3% more than last month. Similary to March, the markets have exhibited a lot of manipulation and volatility which has urged us to air on the side of caution.
Trader’s Journal
In the markets over the last couple of months, we’ve witnessed significant volatility, partly attributed to events in the Middle East involving Israel and Gaza, as well as ongoing tensions between Russia and Ukraine. These factors have contributed to notable market fluctuations. In the past month alone, volatility has notably intensified, influenced by the prospect of additional countries becoming involved in the Middle East conflict. The direct conflicts between Israel and Iran have heightened market concerns. Economic markets detest uncertainty, and the threat of war exacerbates this, leading to heightened volatility with funds being redirected in various directions.
- Gold prices have experienced a noteworthy increase over the last 2 months, rising from £1800 to £2400, marking a substantial movement in a short period. Currently, gold is trading just below its all-time high levels.
- Conversely, the US dollar has shown considerable strength recently. The tensions and challenges affecting the US dollar and Japanese yen are well known to many market observers. These currencies present contrasting views on market dynamics. Presently, the dollar exhibits remarkable strength, with interest rates standing at 5.5%, while the Japanese yen hovers just above neutral at around 0.1%. This significant discrepancy between two major economic currencies has led to the dollar’s strength, pushing down the yen’s value. Recently, the US dollar reached a 34-year high against the Japanese yen, hitting a level of 160, a milestone not seen since 1990. Such levels of volatility underscore the current market landscape.
- Strong economic data continues to emerge from the US, encompassing job market performance, GDP figures, and employment statistics, which have remained resilient. An upcoming FOMC meeting on May 1st holds particular significance, where interest rate decisions will be discussed. While rates may not change, post-meeting communications will likely impact currency and policy outlooks over the coming weeks.
- Discussions are ongoing regarding potential peace negotiations and a short-term ceasefire in Gaza and Israel. If realised, these developments could alter market sentiments and outlooks in the coming months.
- The FTSE100 stock market has reached all-time highs, currently at 8200 points, reflecting a significant surge in the past two weeks. While tensions persist globally, there appears to be limited impact on stock markets overall. However, some pressure points are evident, particularly in the US and JPY currencies, as well as in gold and various other instruments.
Looking ahead to May, our approach will remain data-driven, with decisions closely tied to emerging data trends. Geopolitical tensions worldwide will also influence currency and stock markets, necessitating careful consideration of their potential ramifications.
We trust this overview provides valuable insights into recent market dynamics and guides your understanding of our investment approach moving forward.
Risk Analysist Appointed
Please welcome Josh To The Team
As part of our ongoing commitment to risk and compliance, we are pleased to announce an exciting development within Novus Black that directly enhances our commitment to maintaining the highest standards of risk management and trading protocols. We have recently onboarded a seasoned Risk Analyst, Josh, who will be stationed at our Essex office and collaborate closely with our senior management teams.
Josh brings to Novus Black over 10 years of invaluable experience garnered from his tenure with some of the most reputable firms in the industry. His stellar track record and expertise in managing trading portfolios and management of risk within, make him a significant addition to our team.
In his role, Josh will be instrumental in ensuring that our trading activities adhere to rigorous risk protocols and regulatory standards. By working closely with head traders, FCA fund manager and our senior management teams, he will implement robust risk management strategies to safeguard our investments and optimise returns for our clients.
The appointment of Josh underscores Novus Black’s unwavering commitment to prioritising the security and success of our clients’ investments. In today’s dynamic and unpredictable market environment, having a dedicated expert like Josh onboard enhances our ability to navigate risks effectively while maximising opportunities for growth and profitability.
We firmly believe that by proactively managing risks and adhering to stringent trading protocols, we not only protect the interests of our clients but also foster long-term trust and confidence in Novus Black as a reliable investment partner.
Please join me in welcoming Josh to the Novus Black team. We are confident that his expertise and dedication will further strengthen our capabilities and contribute to our collective success.
New Years Eve Event
Fireworks & Food On The Thames, This NYE
We are thrilled to announce an exclusive New Year’s Eve event hosted by Novus Black, set against the stunning backdrop of London City and the River Thames. Join us aboard one of the largest yachts on the Thames for an unforgettable evening, offering prime viewing of the spectacular fireworks display.
This event is curated for our distinguished clients, providing an opportunity to relax and ring in the New Year in exquisite company, amidst delectable cuisine and premium drinks. With entertainment and world-class food menus curated for your enjoyment, it promises to be an evening of luxury and celebration and one of the hottes tickets in London for New Years.
Tickets for this prestigious event are strictly limited and will be allocated on a first-come, first-served basis. We will soon be sending out a link via email for ticket purchases, ensuring all our valued clients have the chance to secure their place aboard this extraordinary celebration.
We eagerly anticipate welcoming you aboard and sharing in the joy of New Year’s Eve festivities.
Inside The Engine Room
Novus Black Atlantic
This month, I’d like to draw your attention to an exciting development at Novus Black: the launch of Novus Black Atlantic. As highlighted in our recent feature in Yahoo and Market Insider, we are in the process of introducing a fund in the United States under the Novus Black name.
The rationale behind this initiative is rooted in the vast growth opportunities presented by the American market. With the US spanning approximately 3,797,000 square miles, compared to the UK’s 93,600 square miles (roughly 2.5% of the size), it’s evident that tapping into the American market holds immense potential.
Novus Black Atlantic will offer American investors access to an institutionalised investment product, specialising in trading CFD instruments unavailable to U.S investors. Unlike our UK clients, who benefit from a profit-sharing model, Novus Black Atlantic will adopt the widely-used 2/20 compensation structure. This model entails a 2% management fee based on total assets under management, alongside a 20% performance fee charged on profits generated beyond a specified threshold. This adjustment enables us to streamline operations, enhance profitability, and align with familiar industry standards for seasoned US investors.
Our collaboration with MACALUSO LLP, led by Michael Macaluso, brings invaluable legal expertise to Novus Black Atlantic. Michael’s extensive experience with global institutions such as SEC, GMAC, Cargill, Wells Fargo, and HSBC ensures that our legal and strategic frameworks are robust and future-proof.
As we progress with this endeavor, I will ensure to keep you informed of any developments. Thank you for your continued support and trust in Novus Black. Also please note the Novus Black Atlantic development will not effect UK investors.
