Parker Global, Hedge Fund Launch Global Currency Indices

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+.

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...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

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...