Wednesday, 4 March 2015
Last updated 47 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…