Redtower Offers Currency Hedge Fund

May 21 2008 | 11:43am ET

London-based Redtower Asset Management has launched a currency hedge fund, the Redtower Global Macro Fund, which aims to exploit global macro themes by seeking relative value in currency relationships through investment in currency pairs. 

The fund will be managed by Redtower chairman Gerry Celaya, who previously held senior technical analysis roles at American Express Bank and Bank of America, and Jane Foley, a former director of foreign exchange research at Barclays Capital.

Celaya said the fund will be able to invest up to 80% of its portfolio in emerging market currencies to profit from the fastest-growing economies.

“Now is a particularly exciting time for us to launch the fund as recent market turmoil has created a wealth of investment opportunities,” he said.

Redtower Asset Management was formed in 2007 and is the asset management division of Redtower Research, a financial data provider.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...