Founder
CurrentFounded in 2021 by Eric Hickman, Lantern Capital LLC manages portfolios of U.S. sovereign interest rate futures (SOFR, US Treasury) for clients. Short-term interest rates have the greatest correlation to the business cycle versus other long-term major U.S. asset classes (other parts of the U.S. Treasury yield curve, stocks, and commodities.) Therefore, macro-economics is the firmest basis to predict their primary trend. Short-term interest rates have a 75-year history to study and a 5-year average repeatable cycle (the business cycle). The futures have enormous liquidity and no credit-risk. Broadly, Lantern aims to generate returns for clients by determining the direction of the business cycle which influences Federal Reserve policy and short-term interest rates for an average of 2.5 years at a time. Because interest rates do not rise or fall in a straight line through each side of a business cycle, significant losses/drawdowns can occur with interim volatility. Timing the turn in the business cycle carries considerable risk and can cause losses as well.Lantern Capital is registered as a Commodity Trading Advisor (CTA) with the National Futures Association (NFA): #0547300.
