Taylor's future shock
Fri May 1, 2009
FX Concepts is riding the wave in currency volatility, even as its founder talks doom and gloom.
FX Concepts is riding the wave in currency volatility, even
as its founder talks doom and gloom
By Josh Friedlander
Economists may argue about whether the current
downturn is a recession or a depression, but John Taylor is way
ahead of them: He's worried that we could have a revolution. It
all hangs on whether President Barack Obama's stimulus plan
works, and Taylor is not optimistic. "In my heart of hearts, I
think it can't work. Not without a whole lot of agony."
It would be comforting to dismiss Taylor as a doomsday
crank, but clearly he's not. Taylor is the founder and chief
investment officer of International Foreign Exchange (FX)
Concepts, the world's largest currency hedge fund firm and the
29th largest hedge fund. FX Concepts manages $11.7 billion,
hedging currency exposure and making directional wagers for
pensions and corporations through three major strategies. With
most of the funds...
ISSN: 2151-1845 / CDC10004H
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