Saturday, 28 November 2015
Last updated 21 hours ago
Jan 18 2008 | 1:00am ET
The New Year is looking bright for Navica Capital Management. The Amsterdam-based firm's Currency Alpha Strategy was recently added to the Deutsche Bank Global FX-Select Currency Managers platform, which currently makes more than 70 currency managers available for institutional investors.
Through Deutsche Bank, the firm is planning to issue certificates of up to €50 million (US$73.9 million) in capacity in March or April.
"What this means is that we can offer this strategy in different formats for institutional investors," said Marc Buten, managing director. "In the last six months, there has been fast-growing demand for further diversification among investors in the currency market who are looking at currencies as a separate asset class where they can get returns."
The €10 million (US$14.8) Currency Alpha fund, which trades global currencies, began trading eight years ago, and ended last year up 36.43% net of fees.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…