Funds of Hedge Funds

SEB currency fund attracts UK investors

by

An innovative currency product from SEB is finding growing support among UK institutional investors.

Managed by Andy Woolmer, Toby Johnson and Seppo Leskinen who formerly worked in the group's foreign exchange trading business, the SEB Multi-Manager Currency Fund aims to exploit the same opportunities as a foreign exchange dealing room but within a fund format.

Woolmer said: "As the world's largest market, with deep liquidity and many structural inefficiencies, foreign exchange is a very attractive market for investors. It also offers very low correlation to hedge funds and traditional equity