Hedge Funds

Plimsoll starts advisory business


New Jersey-based Plimsoll Capital launched a foreign-exchange advisory business for hedge funds and corporate investors in April. The new consultancy has already attracted a number of hedge funds and large corporations seeking to bolster their portfolio following the recent pummelling of the dollar. Plimsoll, which also runs a currency fund with $50 million under management, is banking on the consulting service drawing in new clients who will tap the firm to create overlay programs. Corporate clients, including Fortune 500 names, are already tapping Plimsoll to hone their exporting strategies as well as to guard against fluctuations in the