Henderson's Bob Arends believes that investors should look
at currency strategies not just for portfolio overlays but as
alpha generators in their own right. The performance of his own
currency hedge fund appears to vindicate this view.
The Henderson Global Currency Fund has returned just over 16%
net to the end of September in its first five months of
trading, with the team now managing some $300 million in assets
within the strategy.
Arends heads the five-strong currency management team that
Henderson recruited from Fortis Bank in January of this year.
At Fortis, the team had managed $6 billion, with over...