Thursday, 11 February 2016
Last updated 20 hours ago
Apr 20 2009 | 9:39am ET
Parker Global Strategies has teamed up with BlackTree Investment Partners, a London-based hedge fund founded by former Lehman Brothers executives, to launch a new suite of currency indices.
The firms tout the Parker BlackTree Currency Indices as the first of their kind to combine the alpha available from both active currency managers and a diversified portfolio of currency market drivers. The Currency Managers Index tracks the returns of active currency managers, while the Investment Strategies Index represents alpha derived by thematic rules-based investment strategies.
“The PBCI is innovative in its robust capture of both the alpha and beta available in the global currency markets and we are delighted to have teamed up with BlackTree to develop the most comprehensive measure of currency market performance to date,” said Virginia Parker, managing member and chief investment officer of Parker Global.
“We have identified 10 distinct investment styles representing three major drivers: macro/discretionary, model-driven and diversified.”
PGS and BlackTree are also launching the PBCI+ Index, which will target higher return with volatility of 6% by adjusting exposure to the underlying sub-indices.
The joint venture is also finalizing a suite of investable products based on the PBCI, which will offer a compelling set of features including low to no correlation to traditional asset classes, managed volatility, controlled risk, daily liquidity and a high level of transparency. The first to be launched will be based on the PBCI+.