CEO Confidential
June was a month filled with positivity across all aspects. We are delighted to report another profitable month, closing with a 7.2% gain. Given the volatility and NFP data in July, I am confident that our success from June will continue into July, potentially marking our 35th consecutive month without a loss.
In June, I also made arrangements for an exciting phase of expansion. While I can’t reveal the details just yet pending final approvals, this new development will further strengthen the Novus Black brand and significantly enhance our credibility.
A major focus has been on increasing our Assets Under Management (AUM) by attracting more institutional capital and clients. As part of our growth strategy, we have been actively building relationships with prominent hedge funds across the city. After months of negotiations, we are proud to announce our initial partnership with Falcon Investment Management.
At Novus Black, relationships are paramount. We are starting this partnership on a modest scale to ensure a solid foundation. With our proven trading strategies and robust risk management practices, we are confident in delivering positive outcomes for Falcon Investment Manager and establishing a long-term, profitable relationship.
In the coming weeks and months, we have scheduled additional meetings with other hedge funds and family offices. These potential partnerships could significantly increase our AUM, further strengthening and sustaining our fund for the benefit of all our investors.
That’s all for now. I’ll update you again next month with even more exciting news to share
New Year’s Eve – Price Drop
We’re down to just a handful of tickets for our New Year’s Eve celebration, and we couldn’t be more excited! Join us on the largest yacht on the Thames, with culinary delights prepared by some of the best chefs in the city. We’re eager to celebrate a successful year with all of you.
Thanks to an amazing 2024 so far, Novus Black wants to show our gratitude by covering most of the event price. This means that for everyone who paid £550, you will receive a partial refund as we are dropping the price to £350 per ticket. Additionally, if you want to bring your family, friends, or colleagues, you can book 10 tickets for just £3,000 (£300 per ticket).
If you would like to purchase a ticket for this once-in-a-lifetime event, please email info@novusblack.co.uk with your full name and the number of tickets you want. Alternatively, you can WhatsApp Steve or George directly with the same information.
Adding Funds – System Upgrade
We are excited to announce an upgrade to our investment platform, enhancing both convenience and profitability for you. As part of our commitment to providing the best possible service, we have transitioned from Globacap to AlphaFX for managing additional fund placements. Here’s what you need to know about this change:
How to Add Funds
Log In: Simply log in to your account on the Novus Black website.
Add Funds: Click on the “Add Funds” button.
Confirmation Email: Submit your request, and you will receive a confirmation email with the new bank details for your transfer.
Payment Reference: Ensure you include your full name as the payment reference to guarantee a smooth transaction.
Please note: this is currently only available on the website and will be available through the app within the next 2 – 3 weeks.
Enhanced Investment Opportunities
With this upgrade, we are introducing the option to make two monthly deposits into trade:
Invest Before the 1st: If you invest before the 1st of the new month, you will receive the full return on investment (ROI) for the following month.
Invest Before the 15th: If you invest before the 15th of the month, you will receive an ROI proportional to the remaining days in that month.
This new feature offers you greater flexibility and the potential for increased profitability by allowing more frequent investment opportunities.
We are confident that these improvements will enhance your experience with Novus Black. If you have any questions or need assistance, please do not hesitate to contact our support team.
Trader’s Journal
JUNE 2024 MARKET REVIEW
Foreign Exchange (FX)
June saw interest rates largely remained unchanged, apart from the Canadian Dollar and the Euro which both saw a 0.25% reduction. Canada became the first G7 nation to loosen its monetary policy in the current cycle, whilst it was the first time that the main eurozone interest rate had been reduced in almost five years. Furthermore, In the group of G-10 currencies, the Euro and the Japanese Yen saw the sharpest decline against the US Dollar. The EU’s political turmoil and the BOJ’s dilemma in its policy stance have weighed on both currencies.
Indices
In June, major global equity indices showed mixed performance, primarily driven by growth in the technology and telecommunications sectors. Contributing to this were robust earnings reports, sustained enthusiasm for artificial intelligence (AI), and clear signs of economic resilience. This upward trend persisted even as investors adjusted their expectations about the number and timing of potential interest rate cuts for the year.
Commodities
Throughout June, energy prices trended upwards, supported by increased demand and ongoing global uncertainty surrounding conflicts in the Middle East. Both crude oil and gold prices also experienced rises, driven by heightened demand and the persisting geopolitical tensions. Meanwhile, agricultural commodities exhibited diverse movements influenced by seasonal factors and shifts in global trade dynamics.
JULY 2024 MARKET OUTLOOK
Foreign Exchange (FX)
July is poised to be heavily influenced by pivotal elections in the UK and France, marking the final month of crucial economic data before the summer hiatus in many Western countries, where governments typically observe a recess and shutdown from mid-July to early September. The outcomes of these elections will notably impact the performance of the Sterling and Euro, potentially triggering substantial volatility in both currencies. Additionally, anticipation surrounds the upcoming US non-farm payrolls report, expected to reveal a notable uptick in job creation, which could strengthen the US Dollar further.
Indices
Despite July marking the conclusion of major economic data before the summer recess, activity in the indices markets is expected to remain robust. The upcoming UK and French elections have the potential to introduce substantial volatility into European and UK indices.
Commodities
In the commodities market, oil prices are anticipated to remain sensitive to geopolitical developments and supply uncertainties, particularly with ongoing tensions in the Middle East. This volatility is expected to persist for crude oil. Gold is likely to maintain its attractiveness as a safe haven asset, especially amid ongoing market uncertainties. Agricultural commodities will continue to be influenced by seasonal cycles and shifts in global trade dynamics, shaping their price movements in the coming period.
Summary
As we enter July, our main priority will be managing the market volatility driven by the upcoming economic data from major economies. Despite this anticipated turbulence, our outlook for July remains optimistic, and we are confident in our robust position for future growth.
Inside The Engine Room
I hope this newsletter finds you all in good spirits and high energy as we continue to navigate through an exciting period of growth and development.
As your COO, I am thrilled to share some significant strides we’ve made towards building stronger infrastructure foundations. Our primary focus has been to enhance operational efficiency and bolster the security of our investors’ capital – two pivotal aspects that underpin our mission and vision.
Over the past few months, we have been diligently working to forge partnerships with more established and reputable organisations. These strategic alliances are not just about expanding our network but about integrating robust, reliable systems that enhance our operational capabilities. By collaborating with industry leaders, we ensure that our infrastructure is fortified with the best practices, advanced technologies, and innovative solutions that these partners bring to the table.
One of the core benefits of these partnerships is the substantial improvement in our operational efficiency. By leveraging the expertise and resources of our partners, we can streamline our processes, reduce redundancies, and enhance our service delivery. This optimisation not only increases our productivity but also ensures that we can better meet the needs and expectations of our clients.
Furthermore, securing the capital of our investors remains a top priority. Our collaborations with established partners come with enhanced security protocols and risk management frameworks. These measures are crucial in safeguarding our financial assets and ensuring that our investors’ capital is protected against potential threats. The confidence that our investors place in us is paramount, and we are committed to maintaining and strengthening this trust through rigorous security measures and transparent operations.
I am immensely proud of the progress we’ve made and the direction in which we are headed. Our commitment to building a solid infrastructure is always at the forefront of our effots, and with the support of our new partners, we are well-equipped to achieve greater heights.
Beyond Numbers
Following the Securities Audit conducted by Thistle Initiatives, as detailed in last month’s newsletter, we are pleased to inform you about the latest advancements in our investor onboarding process. We have now begun conducting the Know Your Customer (KYC) and Know Your Business (KYB) checks internally using the services of Sumsub, a highly reputable third-party vendor widely utilised across the Financial Services industry.
Enhanced Compliance with Sumsub
Sumsub’s system is renowned for its robust capabilities, allowing us to tailor our KYC/KYB requirements to ensure full compliance with Anti-Money Laundering (AML) regulations. One of the key features of the Sumsub system is its continuous monitoring, which significantly enhances our ability to mitigate risks related to money laundering and protect against any associated reputational damage.
Periodic Re-checking and Annual Review Cycle
As part of our implementation of the Sumsub system and bringing the responsibilities for KYC/KYB in-house, we will periodically require re-checking of all investors. This rollout will take place over the next six months. Subsequently, we will conduct an annual review cycle. As clients reach their anniversary of being an investor in Novus Black, there will be a requirement to refresh their investor information to ensure ongoing compliance and up-to-date records.
We believe these improvements will not only enhance our compliance and security measures but also provide you with greater confidence in the integrity of our investment platform. Should you have any questions or require further information, please do not hesitate to contact our support team.
