Hedge Funds

FX Concepts forms strategic alliance


John Taylor's $12 billion currency-trading group, FX Concepts, this week announced a strategic partnership with Dallas-based McCube Investment Technologies. The alliance is aimed at helping FX Concepts develop a new generation of trading strategies as well as provide portfolio-optimization tools that can be offered to investors in the firm's currency overlay programs, which include a number of hedge fund managers looking to add alpha to their portfolio or hedge currency risk between offshore and domestic funds.

Taylor's choice of the Dallas-based company as a partner in this venture is not much of a surprise. McCube's CEO is Arun Muralidhar,