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.”


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of