FX Concepts Calls It Quits

Oct 10 2013 | 9:01am ET

After 25 years, FX Concepts is getting out of the hedge fund business, as poor performance and investor redemptions proved too much for the one-time currency giant to survive.

New York-based FX said yesterday that it would close its investment management business and liquidate all of its hedge funds. The firm expects the process to be completed by the end of next month.


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