Canadian Firms Ready Hedge Fund To Bet Against Euro

Jun 25 2010 | 7:12am ET

Coming from a country whose currency is affectionately known as the loonie, a hedge fund whose sole raison d’être is to bet against the euro may seem a bit rich. But Redwood Asset Management is going ahead with it anyway.

“We believe that these are structural issues that will take years to resolve,” Michael Yip, president of subadvisor Garrison Hill Capital Management, told the Globe and Mail of the European currency. “The European Crisis Fund provides investors a unique investment opportunity and risk management tool.”

The new fund will offer those investors a chance to “profit and hedge their portfolios from deteriorating political and economic conditions in the euro zone,” Redwood said. It is set to launch on July 12.

According to Redwood, the Garrison Hill European Crisis Fund is the first European crisis fund in Canada.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note