Drury Launches Currency Strategy

Jul 26 2007 | 11:33am ET

St. Thomas-based commodity trading advisor Drury Capital Management last month launched a systematic foreign exchange vehicle with $2 million in assets. The Drury Currency Strategy returned 1.28% in its first month of trading.

The fund trades currencies in developed and emerging economies representing all major economic regions, according to firm documents. Currencies are traded in pairs both against the U.S. dollar as well as cross rates. The program employs a mathematical algorithm that focuses on both the technical and term structure of the instruments traded.

The new offering charges a 2% management fee and 20% performance fee.

Bernard Drury founded the eponymous CTA in August 1992. Prior to striking out on his own, he worked as an analyst and trader in the grains market. In addition to the new strategy, Drury also manages the Diversified Trend Following, Financial Strategy and Multi-Strategy programs, and some $151 million in combined assets among the four programs.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events