Euro Volatility ‘The New Normal,’ New Hedge Fund Bets

May 26 2010 | 9:50am ET

It’s not going to make Angela Merkel happy, but a Singaporean hedge fund has launched a vehicle that seeks to profit from the euro’s pain.

The German Chancellor has led a chorus of European critics of hedge fund activity surrounding both the euro and European sovereign debt. But those warnings have done little to tamp down on the volatility of the common currency. Enter the Denko Group.

The firm began offering its euro uncertainty hedge fund to its clients earlier this month, opening it to new clients this week.

“The difference is in the packaging,” Mark Walters, product specialist at Denko, said. “By combining a blend of traditional fund elements with short options that have varying timeframes, we can offer a fund that offers superior returns when markets are down while protecting capital value.”

“This approach is the future of investing as we see volatility as the new normal,” he added.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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