Funds of Hedge Funds

Parker Global offers investable index fund


As currency strategies come to the fore in global markets, Parker Global Strategies, in partnership with BlackTree Investment Partners, has created a currency fund based on a recently launched investable foreign exchange index.

The Parker BlackTree Currency Investable Index (PBCI) is the basis for a new fund offering that will be launched sometime in early June. It will be a 50/50 mix representing the returns of a select group of 21 currency managers selected by Parker Global Strategies, in addition to a markets-based index quantitatively compiled by BlackTree. BlackTree is a London firm founded by former Lehman Brothers executives.