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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