Fund of Hedge Funds

Parker Global offers investable index fund

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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.