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...