FX Concepts plots fixed-income rollout
Tue Feb 23, 2010
The fixed-income fund will be the firm’s first non-currency offering.
FX Concepts, the $7.7 billion New York currency manager, is
planning to launch its incubated fixed-income absolute return
strategy to investors as a pooled fund later this year.
Managing Director Daniel Szor said the strategy will also be
available via managed accounts for clients prepared to invest
at least $25 million.
The fixed-income fund will be the firm's first non-currency
offering. The strategy launched internally in November with
around $100 million of proprietary capital from the firm's
Global Financial Markets Fund. It trades futures via the
fixed-income derivatives markets, focusing on the G-10 at
present but with plans to expand to cover the G-20. The
strategy returned 6.06% in January, before fees....
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