Alternative Market Briefing

Central bank moves to wrangle economies after 2008, adversely impacting forex markets

Friday, October 19, 2012

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John Taylor Bailey McCann, Opalesque New York:

Since the 1970s when currencies began to float and move against each other, activity in the foreign exchange markets or forex, has steadily increased. Now, forex is one of the hottest spaces for hedge funds. Matthias Knab recently spoke with John Taylor the founder of FX Concepts a currency hedge fund and expert in currency trading for Opalesque TV.

Taylor originally began his career in finance at Chemical Bank tracking the movement of eurodollars around the world for the back office. From there he went on to become the head of forex research for Citibank and eventually started his own company in 1981. On his own, Taylor would become a forex consultant for a variety of companies including Kodak, R.J. Reynolds and Coca-Cola. Near the end of the 1980s, Taylor was hired by Rusty Olson at Kodak to begin managing forex risk. "It only took Rusty a year-and-a-half to recognize the fact that managing risk was only half of the game; the other half was making money with currency. So he was the first one to introduce the world to currencies as asset class with us," Taylor says.

Today, FX Concepts studies market cycles, quantitative models, and uses technical forecasting, to monitor approximately 150 FX models."Currently we run about 25 models in our systems, but we have perhaps a 150 models that we have done research on, and keep track......................

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