Augustus’ Rookie Currency Fund Up Over 12%

Mar 31 2009 | 12:31pm ET

Investors who bet on Augustus Asset Managers’ first currency offering are all smiles, after the fund returned 12.68% in its first year.

The JB Currency Hedge Fund—Quantitative Segregated Portfolio, invests in 45 currency pairs involving Group of 10 countries. It debuted last March and manages US$100 million of capital, the firm said. JB Currency is managed by Mark Dragten and Tom O'Shea.

“After 12 months, during some of the stormiest financial times in recent memory, the fund has lived up to its promise, returning over 12%,” said CEO Tim Haywood. “It's been tested in a volatile environment and it has consistently performed.”

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