Tue, May 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Current difficulties in currency trading are due to change in drivers

Monday, November 12, 2012

Benedicte Gravrand, Opalesque Geneva:

The difficulties of currency trading, the opportunities found in emerging market currencies and the future of the euro as a currency were discussed with the audience at the end of the recent Opalesque Managed Futures Roundtable.

The BarclayHedge Currency Traders Index is down 0.13% (est.) in October 2012, and up 0.88% YTD. It was up 2.34% in 2011.

Why currency trading has been so difficult

When asked why currency trading has been so difficult and has had low returns over the last few years, Kevin Murphy, co-founder of Axiom Investment Advisors, LLC a firm based in Aspen, CO, that specializes in trading the G10 currencies, said it was a change in the drivers that changed the degree to which and the timeframe over which momentum carries itself out.

"It is about the changing frequency in which things have been taking place," he explained. "We have always felt that there was a mixture of momentum and, for lack of a better term, mean reversion. The market overreacts in some cases and under-reacts in others. What happened is, the mixture of those two things changed a lot as governments go......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  3. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  4. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  5. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

 

banner