Juno Markets provides money managers with one of the most flexible MAMs (Managed Account Module) in the industry. Juno Markets’ MAM allows money managers an intuitive online portal that easily allows them to manage all their clients from one place.Set performance fees, add or remove accounts, and view historical performance of each individual client account.
We offer several MAM allocation methods depending on the needs of each money manager.
The most common allocation type. Also known to some as a PAMM (Percentage Allocation Management Module), ELS combines all clients’ equity into one fund and allows money managers to distribute trades depending on the percentage of total pool contribution by each investor account by placing a single trade.
Each investor will have full access to view the performance of their own individual accounts including current open and closed positions.
Example : Investor A has equity of $10,000 and Investor B has equity of $15,000. When the Money Manager opens a trade of 5 lots, Investor A will be allotted 2 lots (10,000 / (10,000 + 15,000)] x 5) while Investor B will be allotted 3 lots (15,000 / (10,000 + 15,000) x 5). Please note that floating trades will affect the equity of each account.
Similar to ELS except trades are distributed based on the clients’ balance instead of equity. Therefore profit and loss of current open positions are not taken into account when distributing trades.
Example : Investor A has a balance of $10,000 and Investor B has a balance of $15,000. When the Money Manager opens a trade of 5 lots, Investor A will be allotted [10,000 / (10,000 + 15,000)] x 5 =2 lots while Investor B will be allotted [15,000 / (10,000 + 15,000)] x 5 = 3 lots. Please note that floating trades will not affect the equity of each account.
This allocation method does not distribute trades directly to each investor’s account. Trades are placed directly from the Manager’s account and the realized Profit/Loss is distributed based on the percentage of total pool contribution by each investor account. ECS offers Money Managers more flexibility to accept Investors of different account sizes.
However, open positions of the manager will not be visible to each investor. Investors balances will changed only after trades are closed.
Example: Investor A has a balance of $500, Investor B has a balance of $1,000, and Investor C has a balance of $5,000. Therefore the total pool is $6,500.
Investor A share of the total pool is 500/6500 = 8%
Investor B share of the total pool is 1000/6500 = 15%
Investor C share of the total pool is 5000/6500 = 77%
The Money Manager places a trade and earns $100. Therefore Investor A would receive $8 (100*0.08), Investor B would receive $15 (100*0.15), and Investor C would receive $77 (100*0.77).
This allocation method allows investors to individually copy the same trades that the Money Manager places based on their equity compared to the Money Manager’s own account.
Using POE, a money manager must have their own account and investor accounts are not pooled into one balance. Each investor will be able to view their own balance and positions. It’s important to note the minimum trade size for both the investor must be 0.01 lots regardless of balance.
Example: Money Manager has an account of $5,000. Investor A has a balance of $10,000 and Investor B has a balance of $1,000. Money Manager opens a trade of 1 lot > Investor A opens a position of 2 lots and Investor B opens a position of 0.20 lots.
If Money Manager opens a position of 0.01 lots > Investor A opens a position of 0.02 lots and Investor B still also opens a position of 0.01 lots.